ESG-Performance & Reporting
ESG (Environmental, Social, Governance) refers to the basic principles of doing business sustainably. The Volkswagen Group’s stakeholders (e.g., investors, employees, customers and NGOs) have high expectations of the Company’s ESG performance, including on action areas such as decarbonization and integrity. The ESG performance thus directly affects the Group’s market capitalization and cost of capital as well as, for example, its attractiveness as an employer. The aim of one specific Group initiative within the new NEW AUTO 2030 Group strategy is therefore to improve the Group’s ESG performance in order to, among other things, ensure it can attract investment and optimize its cost of capital.