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 75 is higher than 86% 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 2024, Volkswagen Financial Services reported significant carbon emissions, totalling approximately 3,300,000,000 kg CO2e for Scope 1, 500,000,000 kg CO2e for Scope 2 (market-based), and a staggering 408,580,000,000 kg CO2e for Scope 3 emissions. This represents a slight decrease from 2023, where emissions were about 4,000,000,000 kg CO2e for Scope 1, 700,000,000 kg CO2e for Scope 2 (market-based), and approximately 429,120,000,000 kg CO2e for Scope 3. Volkswagen Financial Services 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. The emissions data is cascaded from its parent company, Volkswagen AG, which oversees the broader climate initiatives and targets. This corporate family relationship ensures that Volkswagen Financial Services aligns with the overarching sustainability goals set by Volkswagen AG, including commitments to the Science Based Targets initiative (SBTi) and other climate-related frameworks. Overall, Volkswagen Financial Services is actively engaged in reducing its carbon footprint while adhering to industry standards for climate action.
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| 2010 | 2012 | 2013 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 4,320,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | 000,000,000 | 000,000,000 |
| Scope 3 | - | 000,000,000,000 | 000,000,000,000 | 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.
