Volkswagen

Automobile Manufacturers
VOW3.DE
€ 146 0.82
Share price
$ 106 bn
Market Cap
$ 257 bn
Enterprise Value

Carbon footprint

28 Ton
GHG emissions per $ 1 mln investment
0.99x the weighted average for S&P 500
FY2021
How is this calculated?
+0.3%
YOY change in GHG emissions
Weaker than the -8.7% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-2.2%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -5.1% weighted average for S&P 500
FY2022
How is this calculated?

Volkswagen aims to reduce Scope 1 + 2 by 30% by 2030 from a base year 2018


1.5°C
Volkswagen's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Volkswagen's GHG emissions (market-based) (Kt of CO2e)
Volkswagen's Carbon intensity (Tons per 1 USDm)

Volkswagen's carbon footprint

Volkswagen reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 7,160 Kt (+20/+0.3% y-o-y). At the sime time, carbon intensity was down at 24 t (-3.3 /-12% y-o-y).

Volkswagen's Scope 3 emissions declined to 364,140 Kt (-46,990 /-11.4% y-o-y). This is a higher rate of decline than over the period since 4Q'19 (-6.6% CAGR).

The company is committed to reducing Scope 1 + 2 by 30% by 2030 from a base year 2018, which translates into the estimated reduction of -158 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Volkswagen aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2050. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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