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 66 is higher than 81% 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 3300000000 kg CO2e for Scope 1, 500000000 kg CO2e for Scope 2 (market-based), and a staggering 408580000000 kg CO2e for Scope 3 emissions. This represents a notable increase in emissions compared to 2023, where Scope 1 emissions were about 4000000000 kg CO2e, Scope 2 emissions were approximately 700000000 kg CO2e (market-based), and Scope 3 emissions reached around 429120000000 kg CO2e. Volkswagen 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, truck manufacturers under the Volkswagen umbrella are expected to achieve a 15% reduction in CO2 emissions for new vehicle fleets within the EU by 2025. The emissions data for Volkswagen Financial Services is cascaded from its parent company, Volkswagen AG, which is responsible for the overarching climate commitments and targets. The reported figures reflect the company's commitment to addressing climate change and reducing its carbon footprint across all scopes of emissions.
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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 |
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 5% last year and increased by approximately 26% since 2012, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 73% 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.
