Diabetic peripheral neuropathy (DPN) is the most common neuropathy in the world, mainly manifested as bilateral symmetry numbness, pain or paresthesia, with a high rate of disability and mortality. Schwann cells (SCs), derived from neural ridge cells, are the largest number of glial cells in the peripheral nervous system, and play an important role in DPN. Studies have found that SCs are closely related to the pathogenesis of DPN, such as oxidative stress, endoplasmic reticulum stress, inflammation, impaired neurotrophic support and dyslipidemia. This article reviews the mechanism of SCs in DPN.Abbreviations: AGE = advanced glycation end products, Akt = protein kinase B, AR = aldose reductase, BDNF = brain-derived neurotrophic factor, CHOP = CAAT/enhanced binding protein homologous protein, DNA = deoxyribonucleic acid, DPN = diabetic peripheral neuropathy, ER = endoplasmic reticulum, ERS = ER stress, GA = glycolaldehyde, GLU = glucose, IL = interleukin, LC3-II = light chain 3, miR = microribonucleic acid, mTORC = mammalian target of rapamycin complex, NF-κB = nuclear factor-κB, NGF = nerve growth factor, NLRP3 = NOD-like receptor protein 3, PA = palmitate, ROS = reactive oxygen species, RSC96 = rat SCs, SCs = Schwann cells, SREBP = sterol response element binding protein, TNF-α = tumor necrosis factor, TSH = thyroidstimulating hormone, XBP-1 = X-box binding protein-1.