Volkswagen Board discusses decarbonization plan with independent Sustainability Council

  • – Sustainability Council backs Volkswagen Group’s transformation strategy
  • – Council calls for broader internal discussion on Volkswagen’s corporate purpose and recommends defined end date for internal combustion engines
  • – Both sides agree on high potential of ESG data management to sharpen profile
  • – Board agrees to additional study on socially responsible workforce transition

At their first joint meeting this year, Volkswagen Group Board of Management and the independent Volkswagen Sustainability Council discussed the Group’s decarbonization plan and activities. The Sustainability Council called in particular for an even stronger discussion on Volkswagen Group’s corporate purpose to provide CO2 neutral mobility for all, together with a clearly defined end date for internal combustion engines. During the discussion, both sides agreed on a more thorough ESG (Environmental Social Governance) reporting system, and to commission an additional study on socially responsible workforce transition. The firm commitment of Volkswagen to the EU Green Deal also includes the demand for more green energy, faster exit from fossil energy production, rapid expansion of charging infrastructure, and new rules for state aid to strengthen the transformation and decarbonization of industry and production sites. The nine-member Sustainability Council has been advising Volkswagen on strategic issues relating to sustainability and social responsibility since 2016.

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05.05.2021   |  

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