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VW Credit, Inc.
VW Credit, Inc., a subsidiary of the Volkswagen Group, is a prominent financial services provider headquartered in the United States. Established in 1981, the company has significantly contributed to the automotive finance industry, primarily serving customers in North America. Specialising in automotive financing solutions, VW Credit offers a range of products, including retail and lease financing for Volkswagen and Audi vehicles. Its unique approach combines competitive rates with tailored services, ensuring a seamless experience for both dealers and customers. With a strong market position, VW Credit has achieved notable milestones, including the expansion of its services to support electric vehicle financing. As a trusted partner in the automotive sector, VW Credit continues to innovate, enhancing its offerings to meet the evolving needs of consumers and dealers alike.
DitchCarbon Score
How does VW Credit, Inc.'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
VW Credit, Inc.'s score of 94 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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VW Credit, Inc., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. However, the company is part of a broader corporate family under Volkswagen AG, which has established significant climate commitments and reduction initiatives. VW Credit, Inc. inherits its climate targets and performance metrics from Volkswagen AG, which operates at a cascade level of 1. This relationship means that any climate-related initiatives or targets set by Volkswagen AG are relevant to VW Credit, Inc. as a current subsidiary. Volkswagen AG has committed to various sustainability initiatives, including participation in the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). These initiatives aim to align corporate emissions reductions with climate science and promote transparency in environmental impact reporting. Additionally, Volkswagen AG is involved in the Climate Pledge and the Climate Action 100+ initiative, further demonstrating its commitment to addressing climate change. While specific reduction targets for VW Credit, Inc. are not detailed, the overarching goals set by Volkswagen AG reflect a commitment to reducing emissions across its operations, which may influence VW Credit's strategies and practices in the future.
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| 2010 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,320,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 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.
VW Credit, Inc. 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.
