Volkswagen Group
More information available in H2-2024

Current Score (vs. LY)

16.5 pts (-)

Last Update: Nov. 21, 2023

Current Rankings

Global: #262

DAX: #20

Consumer Discretionary: #41

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021
Scope 1 4,740,000
Scope 2 - location-based NA
Scope 2 - market-based 2,420,000
Scope 1-2 - location-based 4,740,000
Scope 1-2 - market-based 7,160,000
Scope 3 364,140,000
Total - location-based 368,880,000
Total - market-based 371,300,000

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 135,155,400371,300,000
Methodology Pre-calculated sector intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)


Emissions Trajectory not available



Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Volkswagen Group belongs to the sector Consumer Discretionary.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email



Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email



Net Zero Future Commitments

There is no net zero target recorded in our database. Email us to report missing information Email



Science-based Targets (SBTI)

Date Published / Updated :01/04/2022

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C/2°C by 2030, 2025 No target No

Volkswagen AG commits to reduce absolute scope 1 and 2 GHG emissions 50.4% by 2030 from a 2018 base year. Volkswagen AG further commits to reduce scope 3 GHG emissions from use of sold products of light duty vehicles 30% per vehicle km by 2030 from a 2018 base year. Volkswagen subsidiary Scania CV commits to reduce scope 3 GHG emissions from use of sold products 20% per vehicle km by 2025 from a 2015 base year. Auto manufacturers have two near-term target temperature alignments for 1) scope 1 and 2 emissions and 2) scope 3 category 11 emissions from use of sold products.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Volkswagen by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • Must be high environmental integrity
Plans for carbon dioxide removal (CDR) Yes (nature-based removals e.g. Forestation, soil carbon enhancement)

Additional notes: Offsets: "For as long as we cannot avoid CO₂ emissions and cannot use renew- able energies everywhere, we will do this by voluntarily offsetting the remaining greenhouse gas emissions from our supply chain, production and logistics." [p. 7 of https://web.archive.org/web/20240408150458/https://www.volkswagen-group.com/de/publikationen/unternehmensberichte/association-climate-review-2023-englisch-1810/download?disposition=attachment] Removals: "We consider protecting natural carbon sinks to be an important task. Measures in this area should be both scalable and able to ensure the additionality and permanence of atmospheric carbon sequestration. To underpin our commitment to climate protection projects and be able to develop our own projects in accordance with the highest standards, VW Kraftwerk GmbH and ClimatePartner GmbH have established the joint venture Volkswagen ClimatePartner GmbH. It develops and funds certified climate protection projects that serve the recognized offsetting of CO2 emissions. One key requirement for all projects is that they meet the highest quality standards. For this reason, the joint venture also takes control with regard to quality assurance. Core aspects include additionality, accuracy and permanence of the emission reductions, the socioeconomic and environmental advantageousness for the region and regular audit by independent third parties. The initial project standards are the VCS, CCBS and GS. The joint venture commenced its operational work in 2022 and is focusing on forest protection projects and nature based solutions. It is accompanied by a specially established independent project advisory board. In 2022, Volkswagen became the first automotive manufacturer to join the LEAF Coalition (Lowering Emissions by Accelerating Forest finance). Together with governments and companies around the world, the initiative supports the protection of tropical rain forests and thus makes an important contribution to achieving the Paris climate goals, protecting biodiversity and realizing sustainable development." [p. 7 of https://web.archive.org/web/20240408150458/https://www.volkswagen-group.com/de/publikationen/unternehmensberichte/association-climate-review-2023-englisch-1810/download?disposition=attachment]

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points)
Max
(points)
Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 0.0 10.0 -
2 Scope 3 emissions are fully reported and externally-verified 0.0 10.0 -
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 -
Transparency 9.0 30.0 -
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 0.0 10.0 -
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 -
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 -
7 Targets are science-based as validated by SBTi 7.5 10.0 -
Commitments 7.5 40.0 -
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
10 Implied Temperature Rating by MSCi 0.0 10.0 -
Results 0.0 30.0 -
Total 16.5 100.0 -


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? NC 0.0 / 5.0 -
Are S1+S2 figures verified by a 3rd-party for the last reporting year? NC 0.0/ 5.0 -
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? NC 0.0 / 5.0 -
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 -
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 -
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? NC 0.0 / 3.0 -
Does the net zero target include an intermediate target by 2030? NC 0.0 / 3.0 -
Does the net zero target include all the emissions? NC 0.0 / 4.0 -
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? NC 0.0 / 5.0 -
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 -
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 -
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
0.0 / 5.0 -
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set Well-below 2°C 7.5 / 10.0 -
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
0.0 / 5.0 -
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
0.0 / 5.0 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
0.0 / 5.0 -
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: None°C 0.0 / 10.0 -
Total 16.5 / 100.0 -


Available Data Sources

Reporting Year 2022 2021
Source Wikirate (NV) Yourstake
Publication Year unknown unknown
Scope 1 2,020,000 4,740,000
Scope 2 - location-based 2,110,000 NA
Scope 2 - market-based NA 2,420,000
Scope 1-2 - location-based 4,130,000 4,740,000
Scope 1-2 - market-based NA 7,160,000
Scope 3 2,110,000 364,140,000
Total - location-based 6,240,000 368,880,000
Total - market-based NA 371,300,000

Sources

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email