Volkswagen AG
Automobiles & Auto Parts
Company Summary
Volkswagen AG is a leading global automaker that has made notable progress in sustainability through the promotion of electric vehicles (EVs) and the adoption of green manufacturing practices. The company’s ESG rating reflects its efforts to achieve carbon neutrality by 2050, as well as its investments in renewable energy and sustainable mobility solutions. However, Volkswagen continues to be impacted by its diesel emissions scandal, which has damaged its environmental and governance reputation. Despite the setback, the company has made strides in transitioning its product line to include more electric vehicles and is committed to reducing its environmental impact. Volkswagen faces ongoing challenges in balancing sustainability with its legacy of internal combustion engine vehicles. For more details, check the Volkswagen ESG report.
ESG Rating Overview
Sustainalytics
Overall ESG Rating :
LSEG
Overall ESG Rating :
MSCI
Overall ESG Rating :
Volkswagen is a laggard among 42 companies in the automobiles industry.
Temperature Rise :
News from Volkswagen AG
How To Better Tackle Business Greenwashing
Volkswagen Revamps Sustainability Division
PowerCo and Umicore's Green Association Gets Approval
Volkswagen AG Plans to Make its Data Centres Carbon-Neutral by 2027
How the Dieselgate Scandal Changed Engine Manufacturing
Volkswagen Group & Canada to build sustainable battery factory
FAQ
What is Volkswagen's ESG rating?
Volkswagen’s ESG score is 71 according to MSCI, reflecting its shift toward sustainability post-diesel scandal. The company is increasingly recognized for its focus on electric vehicle production and renewable energy adoption.
How does Volkswagen manage ESG risks?
Volkswagen has proactively mitigated risks by transitioning to electric vehicles and implementing stricter emissions controls. It also prioritizes ethical sourcing in its supply chain, ensuring compliance with environmental and human rights standards.
What sustainability efforts has Volkswagen undertaken?
Volkswagen has committed to achieving carbon neutrality by 2050, focusing on reducing emissions and using more sustainable materials in vehicle production. The company also supports the transition to renewable energy in its operations and vehicle manufacturing processes.