Volkswagen Financial Services
Volkswagen Financial Services AG, commonly referred to as VWFS, is a leading provider of automotive financial solutions headquartered in Denmark. Established in 1949, the company has evolved to serve major operational regions across Europe, Asia, and the Americas, solidifying its position within the automotive finance industry. VWFS offers a comprehensive range of services, including vehicle financing, leasing, and insurance solutions tailored to meet the diverse needs of customers and dealers alike. What sets VWFS apart is its commitment to innovative digital solutions and customer-centric services, enhancing the overall ownership experience. With a strong market presence, VWFS has achieved notable milestones, including significant partnerships and a robust portfolio of financial products. As a trusted name in automotive finance, Volkswagen Financial Services continues to drive growth and innovation in the industry.
DitchCarbon Score
How does Volkswagen Financial Services's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Volkswagen Financial Services's score of 53 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Volkswagen Financial Services's reported carbon emissions
In 2022, Volkswagen Financial Services (VWFS) reported total carbon emissions of approximately 304,002 kg CO2e, comprising 261,912 kg CO2e from Scope 1 emissions and 43,090 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data for this year. VWFS has set ambitious reduction targets, aiming for a 25% decrease in specific energy and water requirements, waste volume, and CO2 emissions per vehicle by 2018, compared to a 2010 baseline. Additionally, the company is working towards a 15% reduction in CO2 emissions for new vehicle fleets within the EU by 2025, as part of its commitment to sustainable practices. The emissions data for VWFS is cascaded from its parent company, Volkswagen AG, which is responsible for the overarching climate initiatives and targets. VWFS operates under the guidance of Volkswagen Financial Services Overseas Aktiengesellschaft, ensuring alignment with the broader corporate sustainability goals. Overall, VWFS is actively engaged in reducing its carbon footprint and contributing to the Volkswagen Group's climate commitments, reflecting a strong dedication to environmental responsibility.
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| 2010 | 2012 | 2013 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 4,320,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | - | - | - | 00,000 |
| Scope 3 | - | 000,000,000,000 | 000,000,000,000 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Volkswagen Financial Services is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
