Volkswagen AG

Common Name
Volkswagen
Country
Germany
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Employees
684,025
Ticker
VOW
Exchange
XETRA
Description
Volkswagen AG is a prominent German automotive manufacturer known for producing a wide range of vehicles under multiple globally recognized brands, including Volkswagen, Audi, and Porsche. Founded in ...

Volkswagen's Climate Target Data Preview

As of 2024, Volkswagen has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 1 intensity-based target target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Volkswagen ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Absolute-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2040
Intensity-based Target*
Scope 3 - Use of Sold Products (Cat. 11)
Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Vehicle Produced/Manufactured
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2030
* This target is limited in scope and does not represent the company's full operational or organizational boundaries

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Volkswagen's Greenhouse Gas Emissions Pathways

As of 2024, Volkswagen has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.

Does Volkswagen have a target to reduce the emissions from its operations?

As of 2024, Volkswagen has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Volkswagen's most ambitious operational target is to reduce these emissions by 90% by 2040, compared to a baseline of 9,030,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018.

As of 2024, Volkswagen is ahead of schedule on its operational emissions reduction target, having achieved 56.67% of the planned reduction.

Volkswagen's Operational (Scope 1+2) Emissions Pathway

201820242030204002.5 M5 M7.5 M10 MBaselineCurrent (-51%)Target 2040 (-90%)
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