#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.
16 contents with this tag
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Strategy
With the Group strategy NEW AUTO – Mobility for generations to come, we are preparing ourselves for the global changes in mobility and thus playing a substantial role in driving Volkswagen’s transformation into a software-oriented company.

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Sustainability
Moving you. Moving forward.

Press Release
Volkswagen Group publishes third Responsible Raw Materials Report
This year’s Responsible Raw Materials Report focuses on adjustments to the existing management systems and processes in line with the Supply Chain Due Diligence Act, which has been valid since January 1, 2023, and the introduction of the Responsible Supply Chain System (ReSC). An important component of this is the newly implemented Human Rights Focus System (HRFS). This is intended to identify particularly high risks in connection with human rights violations and the environment to enable quick and appropriate actions. Furthermore, Dr. Kerstin Waltenberg has been appointed Human Rights Officer primarily to check compliance with human rights due diligence.

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Stakeholder Relations
Together with its stakeholders, the Volkswagen Group shapes the framework for sustainable and socially responsible conduct.

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Sustainability Council
Initiator, supporter, critical voice and "challenger" – the roles and tasks of the Volkswagen Group Sustainability Council are as diverse as its topics.

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Zero Impact Factory

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#Project1Hour
On the occasion of Earth Day 2021, Volkswagen, for the first time, gave its employees worldwide the opportunity to discuss their own contribution to CO2 reduction during working hours in a 1-hour workshop.

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Focus Topics
As we transition from automotive manufacturer to mobility group, we are resetting our priorities with the NEW AUTO Group strategy and positioning ourselves for the future.
The strategy defines a total of six focus topics and five additional ESG topics for the area of sustainability and ESG.

Press Release
Electric island Astypalea: Transformation of mobility fully underway
June 13, 2023 – The island of Astypalea serves as a future laboratory for smart, sustainable mobility. As part of a joint project of the Volkswagen Group and the Hellenic Republic, it is to be gradually converted to e-mobility, digital mobility solutions and green energy. First results are positive: The new, digital mobility solutions are well established, 25 percent of the inhabitants regularly use the ASTYBUS ridesharing service. Over the past twelve months alone it has completed more than 200,000 customer kilometres. Electrification also makes progress: Almost all new cars to be registered on Astypalea are now fully electric.

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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.

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Engagement
The Volkswagen Group faces its social responsibilities head on by adhering to the two basic principles of continuity and participation. The Group undertakes sustainable projects through long-term partnerships.

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Stakeholder Engagement

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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.

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Reporting
