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Press Release

Volkswagen AG donates €10 million for European environmental projects under agreement with European Investment Bank

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Sebastian Schaffer
Sebastian Schaffer
Volkswagen Group Communications Spokesperson Sustainability
+49 (0) 172 5290334 sebastian.schaffer@volkswagen.de
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  • The Group is supporting an additional twelve European sustainability projects as part of its commitment to protecting the environment and the climate
  • The projects cover a broad spectrum ranging from nature conservation to research into battery recycling and startup incubators
  • The donations are being made under an agreement with the European Investment Bank (EIB) as part of commitments made in connection with the diesel crisis
  • Ralf Pfitzner, Head of Sustainability at Volkswagen AG: “We are specifically focusing on projects that foster environmental stewardship and mobilize a spirit of research and entrepreneurship for climate protection.”

Wolfsburg. Volkswagen AG is donating €10 million for European sustainability projects under an agreement entered into with the European Investment Bank (EIB). A decisive criterion in the selection of the projects was their proven experience in major environmental protection measures. The future of sustainable mobility was a further key factor.

The donations are being made under an agreement between the EIB and Volkswagen AG as part of commitments made in connection with the diesel crisis. In 2009, the EIB granted the Volkswagen Group a loan that was repaid in full in February 2014. Among other things, the loan concerned funds for the development of diesel engines. In the agreement with the EIB made in December 2018, Volkswagen AG voluntarily undertook to spend a total of €10 million on environmental and sustainability projects as part of its commitment to sustainability. The projects were selected in consultation with the EIB.

Ralf Pfitzner, Head of Sustainability at Volkswagen AG, commented: “We are specifically focusing on projects that foster environmental stewardship and mobilize a spirit of research and entrepreneurship for climate protection. We are aiming for practical results and want to promote biodiversity as well as carbon sinks to protect our natural resources. Furthermore, we wish to create space for ideas that have great potential for taking industry forward towards a carbon-free economy.”

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Overview of the projects
The specified fuel consumption and emission data does not refer to a single vehicle and is not part of the offer but is only intended for comparison between different types of vehicles. Additional equipment and accessories (additional components, tyre formats, etc.) can alter relevant vehicle parameters such as weight, rolling resistance and aerodynamics, affecting the vehicle's fuel consumption, power consumption, CO2 emissions and driving performance values in addition to weather and traffic conditions and individual driving behavior. Further information on official fuel consumption data and official specific CO2 emissions for new passenger cars can be found in the "Guide to fuel economy, CO2 emissions and power consumption for new passenger car models", which is available free of charge from all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, Germany and at www.dat.de/co2.