Volkswagen AG
Volkswagen EU Taxonomy Data Preview
In 2024, Volkswagen was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Volkswagen has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Volkswagen are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Non-Eligible B Turnover | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Non-Eligible B Opex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Taxonomy Aligned A1 Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Taxonomy Eligible A Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Taxonomy Non-Eligible B Capex | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
This table provides a simplified preview of selected EU Taxonomy 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 Revenues from Sustainable Activities
In 2024, Volkswagen reported EU Taxonomy-eligible revenues of EUR 296.22 billion, representing 91.2% of its total turnover. Of this amount, EUR 24.10 billion of Volkswagen's revenues was classified as EU Taxonomy-aligned, indicating that 7.4% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Volkswagen's Taxonomy-Eligible Turnover Over Time
- Total Taxonomy Aligned A1 Turnover
- Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Volkswagen's revenues become more sustainable over time?
Since 2022, Volkswagen's taxonomy-aligned revenues decreased by 21.28% , indicating a long-term decline in environmentally sustainable revenue performance.
Compared to the previous year (2023), Volkswagen's taxonomy-aligned revenues decreased by 35.09% , suggesting that Volkswagen may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.
How much of Volkswagen's revenue is eligible under the EU Taxonomy?
In 2024, Volkswagen reported that EUR 296.22 billion of its revenue was eligible under the EU Taxonomy, representing 91.2% of the company's total turnover. Of this amount, EUR 24.10 billion (7.4% of total revenue) was classified as Taxonomy-aligned. This means that 83.8% of Volkswagen's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.
How much of Volkswagen's eligible revenue is aligned with the EU Taxonomy?
In 2024, Volkswagen reported that EUR 24.10 billion of its revenue was aligned under the EU Taxonomy, representing 7.4% of its total turnover.
This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.
Volkswagen's Eligibility & Alignment Overview
Volkswagen's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Turnover
- Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Volkswagen's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Volkswagen reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 7.4%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Volkswagen earn from selling climate-related solutions ?
In 2024, Volkswagen reported that EUR 24.02 billion of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 7.4% of the company's total revenue, indicating that Volkswagen has limited exposure on solutions that support climate action through its commercial activities.
Insights into Volkswagen's CAPEX from Sustainable Activities
In 2024, Volkswagen reported EU Taxonomy-eligible CAPEX of EUR 67.38 billion, representing 99.6% of its total CAPEX. Of this amount, EUR 18.48 billion of Volkswagen's CAPEX was classified as EU Taxonomy-aligned, indicating that 27.3% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Volkswagen's Taxonomy-Eligible Capex Over Time
- Total Taxonomy Aligned A1 Capex
- Total Taxonomy Eligible but Not Aligned A2 Capex
Have Volkswagen's increased its investment in sustainable activities over time?
Since 2022, Volkswagen's taxonomy-aligned capital expenditure (CAPEX) decreased by 20.87%, indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.
Compared to the previous year (2023), Volkswagen's taxonomy-aligned CAPEX decreased by 16.51%, suggesting that Volkswagen may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.
How much of Volkswagen's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Volkswagen reported that EUR 67.38 billion of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 99.6% of the company's total CAPEX. Of this amount, EUR 18.48 billion (27.3% of total CAPEX) was classified as Taxonomy-aligned. This means that 72.3% of Volkswagen's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).
How much of Volkswagen's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Volkswagen reported that EUR 18.48 billion of its CAPEX was aligned under the EU Taxonomy, representing 27.3% of its total capital investment.
This moderate level of alignment indicates that Volkswagen is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Volkswagen's Eligibility & Alignment Overview
Volkswagen's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Capex
- Total Taxonomy Eligible but Not Aligned A2 Capex
How is Volkswagen's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Volkswagen reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 27.3%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much Volkswagen is investing in climate-related solutions?
In 2024, Volkswagen allocated EUR 18.46 billion of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 27.3% of the company's total capital expenditure, indicating that Volkswagen is moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.
Insights into Volkswagen's OPEX from Sustainable Activities
In 2024, Volkswagen reported EU Taxonomy-eligible OPEX of EUR 13.37 billion, representing 99.2% of its total operating expenses (OPEX). Of this amount, EUR 5.45 billion of Volkswagen's OPEX was classified as EU Taxonomy-aligned, indicating that 40.4% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).
Volkswagen's Taxonomy-Eligible Opex Over Time
- Total Taxonomy Aligned A1 Opex
- Total Taxonomy Eligible but Not Aligned A2 Opex
Have Volkswagen's increased its spending in sustainable activities over time?
Since 2022, Volkswagen's taxonomy-aligned operating expenditure (OPEX) decreased by 5.39%, indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.
Compared to the previous year (2023), Volkswagen's taxonomy-aligned OPEX decreased by 7.76%, suggesting that Volkswagen may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.
How much of Volkswagen's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Volkswagen reported that EUR 13.37 billion of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 99.2% of the company's total OPEX. Of this amount, EUR 5.45 billion (40.4% of total OPEX) was classified as Taxonomy-aligned. This means that 58.8% of Volkswagen's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).
How much of Volkswagen's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Volkswagen reported that EUR 5.45 billion of its OPEX was aligned under the EU Taxonomy, representing 40.4% of its total operational expenditure.
This moderate level of alignment indicates that Volkswagen is beginning to shift operational priorities toward greener practices, with room for deeper integration.
Volkswagen's Eligibility & Alignment Overview
Volkswagen's Contribution to Environmental Objectives
- Total Taxonomy Aligned A1 Opex
- Total Taxonomy Eligible but Not Aligned A2 Opex
How is Volkswagen's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Volkswagen reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectives:
- Climate Change Mitigation: 40.4%
- Climate Change Adaptation: 0%
- Sustainable Use and Protection of Water and Marine Resources: 0%
- Transition to a Circular Economy: 0%
- Pollution Prevention and Control: 0%
- Protection and restoration of biodiversity and ecosystems: 0%
How much of Volkswagen's operational budget supports climate-related solutions?
In 2024, Volkswagen allocated EUR 5.44 billion of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 40.4% of the company's total OPEX, indicating that Volkswagen is moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.