1. ENGLISH
  2. News
  3. 2021
  4. 01
  5. Volkswagen AG donates €10 million for European environmental projects under agreement with European Investment Bank

We use cookies to enable you to make the best possible use of our website and to improve our communications with you. We take your preferences into regard and process data for analytics and personalization only if you give us your consent by clicking on "Agree and continue" or if you make a specific selection by clicking on "Set cookie preferences". You can revoke your consent at any time with effect for the future. Information on the individual cookies used and the possibility of revocation can be found in our privacy policy and in the cookie policy.

Agree and continue Set cookie preferences

News

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

  • 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.”

 

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.”

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