#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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ESG-Figures
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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Group
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.
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Sustainability Strategy
Moving what matters.
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Focus Topics
As we transition from automotive manufacturer to mobility group, we are positioning ourselves for the future.
Our strategy defines a total of six focus topics and five additional ESG topics for the area of sustainability and ESG.
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Sustainability
Moving you. Moving forward.
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Reporting
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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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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 realizes 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 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.
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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.
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.
