Volkswagen Financial Services (UK) Limited

In 2022, Volkswagen Financial Services (UK) Limited reported total carbon emissions of approximately 1,559,000 kg CO2e. This figure includes emissions from Scope 1, which totalled about 4,460,000,000 kg CO2e, and Scope 2 emissions of around 2,110,000,000 kg CO2e. The company also reported significant Scope 3 emissions, amounting to approximately 287,770,000,000 kg CO2e, which encompasses various categories such as purchased goods and services, use of sold products, and downstream leased assets. In 2021, the total emissions were approximately 1,913,000 kg CO2e, with Scope 1 emissions at about 4,670,000,000 kg CO2e and Scope 2 emissions at around 2,410,000,000 kg CO2e. The Scope 3 emissions for that year were approximately 279,380,000,000 kg CO2e. Despite these substantial figures, Volkswagen Financial Services (UK) Limited has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction targets suggests a need for further commitment to climate action within the organisation. Overall, the company operates within a challenging industry context, where significant emissions are common, particularly in the automotive sector. As such, ongoing efforts to address carbon emissions and enhance sustainability practices will be crucial for aligning with global climate commitments.