2. News
  3. 2019
  4. 12
  5. Porsche strengthens cross-industry initiative value balancing alliance

We use cookies to help you get the most out of our website and to improve our communication with you. We take your preferences into account and process data for analytics and personalization only if you give us your consent by clicking on "Agree and continue". You can withdraw your consent at any time with effect for the future. You can find further information on cookies and customization options by clicking on the "Show details" button. 

Show details Agree and continue


Porsche strengthens cross-industry initiative value balancing alliance

  • Sports car manufacturer becomes core member of values alliance

As far as Porsche is concerned, economic success and social responsibility go hand in hand. With this attitude, the company deliberately takes on a pioneering role again and again – in the area of sustainability, too. Together with the Volkswagen Group, Porsche is now the first automobile manufacturer to become a core member of the recently founded value balancing alliance e.V. based in Frankfurt am Main. The aim of this cross-industry alliance is to develop a standard that creates visibility in terms of the ecological, human, social and financial value contributed by companies as well as assessing the consequences for society and the ecosystem.

“Porsche has always been committed to growth that creates value and is sustainable. Social responsibility is something we take on proactively,” says Oliver Blume, Chairman of the Executive Board of Porsche AG. “Sustainability is a key pillar of our corporate philosophy. Through the Ferry Porsche Foundation we promote social interaction. Together with the values alliance, we aim to provide decision-makers with a tool for creating and protecting sustainable values.”

Within three years, value balancing alliance e.V. intends to develop a model for assessing multidimensional value creation, test this model in practice and then further develop its publication and reporting obligations accordingly. The new methodology aims to develop standardised and therefore comparable indicators. This should make the actual value contributed by companies transparent to society. “The goal of this holistic approach to corporate output is to make it possible to identify and understand positive and negative social impact,” says Christian Heller, CEO of value balancing alliance e.V.

The values alliance is supported by the OECD as well as the auditing firms Deloitte, EY, KPMG and PwC, among others. The founding members of the non-profit organisation are BASF, Bosch, Deutsche Bank, LafargeHolcim, Novartis, Philip Morris International, SAP and SK.

Important note

When you access this link, you leave the pages of Volkswagen AG. Volkswagen AG does not claim ownership of third-party websites accessible via links and is not responsible for their content. Volkswagen has no influence on the data that is collected, stored or processed on this site. You can find more detailed information on this in the data protection declaration of the provider of the external website.

Continue to page Cancel