#ESG

The Volkswagen Group views sustainability holistically – in environmental, social and commercial terms. The company is determined to create enduring values, provide good working conditions and have a positive impact on human rights all while conscientiously respecting the environment and economically using resources. Here is some additional information on the topic.

19 contents with this tag

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 in action areas such as decarbonization and integrity. 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 Group strategy 2030 is therefore to improve the Group’s ESG performance in order to, among other things, ensure its investment capability and optimize its cost of capital.

Aerial view of a vast wind farm in a hilly, arid landscape. Numerous white wind turbines are scattered across the sandy-colored hills. In the background, a large river flows.

12/10/2024Press Release

Green energy for Gigafactory Salzgitter

PowerCo SE relies on climate-friendly electricity for the operation of its cell factories. For the Salzgitter gigafactory, it has now concluded the first long-term purchase agreements with the green energy producers Alterric and EnviTec Biogas AG. From 2025, they will supply around 240 gigawatt hours per year from wind power (Alterric) and around 65 gigawatt hours from solar energy (EnviTec Biogas AG). Over the entire term of ten years, this will result in a total of 3 terawatt hours of green electricity, which will be used to operate the Salzgitter gigafactory.

A green meadow filled with white flowers, featuring a row of solar panels in the foreground. Wind turbines rotate in the background, emphasizing renewable energy and sustainability. The cloudy sky adds a calm and natural atmosphere to the scene.

The Group comprises ten brands from five European countries: Volkswagen, Volkswagen Commercial Vehicles, ŠKODA, SEAT, CUPRA, Audi, Lamborghini, Bentley, Porsche and Ducati. In addition, the Volkswagen Group offers a wide range of further brands and business units including financial services. Volkswagen Financial Services comprises dealer and customer financing, leasing, banking and insurance activities, and fleet management.

10/17/2024Press Release

New impulses for sustainability: Volkswagen Sustainability Practice Groups

Volkswagen’s new Sustainability Council will be presented for the first time at The Volkswagen Group Sustainability Forum. For one day, over 90 experts from science, civil society, industry and the Volkswagen Group will exchange ideas and discuss on sustainability topics together.

A group of eleven people poses indoors with plants and decorative lights in the background. Everyone is smiling and standing in a relaxed formation.

Sustainability Council

Initiators, supporters, critical voices and challengers – the roles and tasks of the Group Sustainability Council are as diverse as its topics. The new name Sustainability Practice Groups reflects the new, practical format.

Expansive green meadow with several wind turbines in the background under a slightly cloudy sky.

Moving you. Moving forward.

A man and a child stand outside a car, looking at mountains, captured from inside the car through the open panoramic roof.

06/12/2024Press Release

Low-carbon steel: Volkswagen AG and Vulcan Green Steel enter into partnership

Volkswagen AG and Vulcan Green Steel have signed a Memorandum of Understanding (MoU) for a partnership for low-carbon steel – a key element of Volkswagen’s green steel strategy.

Landscape view of multiple wind turbines in a dry, hilly desert area.

06/03/2024Article

SEAT S.A. achieves the best sustainability results in its history and reduces the environmental impact of its facilities by 53% since 2010

SEAT S.A. achieved the best sustainability results in its history in 2023, thanks to the effectiveness of its strategic projects in the environmental, social and governance (ESG) areas. The company has reduced the environmental impact of its facilities in Martorell, Barcelona and El Prat by 53% since 2010 by improving its production processes. In the last year, it has also implemented wellness and diversity programmes that had a direct impact on the entire workforce, in addition to strengthening the governance structure.

05/14/2024Press Release

Volkswagen Group: Fourth Responsible Raw Materials Report published

Portrait of a smiling businessman in a suit and tie in front of a marble background.

ESG indicators reflect the Volkswagen Group’s measurable performance and progress on environmental, social and governance matters. The relevant indicators are presented below.

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Sustainability Strategy

Moving what matters.

Person leaning on a car watching a sunset over a mountain landscape with wind turbines; the image is titled 'regenerate+'.

Zero Impact Factory

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Sustainability in the Supply Chain

The Volkswagen Group takes its corporate responsibility for human rights and the environment very seriously. Our goal is to create responsible supply chains for future generations.

Supply Chain_Sustainability

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.