Volkswagen Financial Services Sustainability Profile
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 54 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Volkswagen Financial Services's reported carbon emissions
In 2023, Volkswagen Financial Services (VWFS) reported an employee-related emission intensity of approximately 1,767 kg CO2e per employee. This data is part of a broader commitment to reduce carbon emissions across its operations. The company has set ambitious targets, aiming for a 25% reduction in specific energy and water requirements, waste volume, and CO2 emissions per vehicle by 2018, compared to a 2010 baseline. This commitment encompasses both Scope 1 and Scope 2 emissions. In 2022, VWFS disclosed Scope 1 emissions of about 107,645,000 kg CO2e and Scope 2 emissions of approximately 43,090 kg CO2e in Germany. These figures highlight the company's ongoing efforts to monitor and manage its carbon footprint. Additionally, VWFS is part of a corporate family under Volkswagen AG, which cascades its sustainability initiatives and targets, including those related to the Science Based Targets initiative (SBTi) and other climate commitments. VWFS's climate strategy aligns with industry standards, focusing on significant reductions in emissions and promoting sustainable practices within its operations. The company continues to work towards achieving its reduction targets while contributing to the overall climate goals of the Volkswagen Group.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2010 | 2012 | 2013 | |
|---|---|---|---|
| Scope 1 | 4,320,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - |
| Scope 3 | - | 000,000,000,000 | 000,000,000,000 |
How Carbon Intensive is Volkswagen Financial Services's Industry?
How Carbon Intensive is Volkswagen Financial Services's Location?
Volkswagen Financial Services's Scope 3 Categories Breakdown
Volkswagen Financial Services's Scope 3 emissions, which decreased by 1% last year and decreased by approximately 1% since 2012, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Purchased Goods and Services" being the largest emissions source at 18% of Scope 3 emissions.
Top Scope 3 Categories
Volkswagen Financial Services's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Volkswagen Financial Services has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
