Volkswagen Financial Services (VWFS) has launched a comprehensive sustainability strategy for 2025 and beyond, focusing on four key pillars: Nature, Employees, Society, and Business. This new initiative underscores VWFS’s commitment to decarbonization and responsible growth within the automotive industry. Specific Key Performance Indicators (KPIs) will track progress and ensure long-term success in achieving these ambitious goals.
Decarbonizing the Core Business of Volkswagen Financial Services
A central element of the VWFS sustainability strategy is the decarbonization of its operations and vehicle portfolio. The company aims to achieve net-carbon neutrality for both its direct and indirect CO2 emissions from business operations (heating oil, refrigerants, company car fuel, district heating, electricity, and business travel) by 2030. Furthermore, VWFS is committed to net-carbon neutrality for the direct CO2 emissions of its entire vehicle portfolio by the same deadline. This will be achieved through a dedicated approach of avoiding, reducing, and offsetting emissions.
Key Initiatives for a Sustainable Future at VWFS
To achieve its ambitious decarbonization targets, Volkswagen Financial Services is implementing a range of strategic initiatives:
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Accelerating E-Mobility: VWFS is leveraging its financial strength to promote the adoption of electric vehicles by offering attractive leasing and financing solutions for both individual and fleet customers. This directly supports the transition to a more sustainable transportation sector.
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Green Financing: VWFS is committed to increasing the share of Green Bonds in its financing portfolio to 40% by 2030. This will further channel investments towards environmentally friendly projects and technologies.
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Investing in Nature Conservation Projects: In partnership with organizations like NABU e.V. and Volkswagen ClimatePartner GmbH, VWFS is actively investing in nature conservation and climate protection projects. These collaborations aim to offset unavoidable emissions and contribute to broader environmental sustainability.
Volkswagen Financial Services: Shaping Tomorrow’s Mobility
Frank Fiedler, Board Member for Risk, Tax, and Legal Affairs at Volkswagen Financial Services, emphasizes the company’s responsibility to future generations. He states that VWFS aims to actively shape the future of mobility for the long term. This commitment to sustainability is not merely a trend but a core principle guiding VWFS’s strategic direction. The company recognizes its role in facilitating the transition to a more sustainable transportation landscape and is actively taking steps to make that vision a reality.
Conclusion: A Sustainable Path Forward
Volkswagen Financial Services’ new sustainability strategy demonstrates a deep commitment to environmental and social responsibility. By focusing on decarbonization, e-mobility, green financing, and nature conservation, VWFS is positioning itself as a leader in sustainable mobility solutions. The company’s ambitious goals and concrete actions pave the way for a more sustainable future for the automotive industry and beyond.
