volkswagen

Target Type:

Net zero (or similar)

Sector:

Transportation equipment

Annual Revenue:

254.1bn

Target year:

2050

KEY:

  • targets

    Targets Icon
  • coverage

    Coverage Icon
  • governance

    Governance Icon
  • offsets & sinks

    Offset and Sinks Icon

Target Status

No target

Proposed / in discussion

Declaration / pledge

In corporate strategy

In law

Achieved (self-declared)

Achieved (validated)

First interim target

2030

Type of interim target

No target

Emissions reduction

Absolute reduction

Intensity reduction

BAU reduction

Greenhouse gases

CO2 + others

CO2 only

Not specified

Historical emissions

Yes

No

Full coverage of Scopes 1 and 2

Yes

No

Not specified

Scope 3 coverage

Yes

Partial

No

Not specified

Detailed plan

Complete

Incomplete

No plan

Annual reporting mechanism

Yes

Less than annual

No mechanism

Refers to equity

Yes

No

Formal accountability

Yes

No

Not specified

Planning to use external offset credits

Yes

No

Not specified

Separate targets for emission reductions and removals

Yes

No

Conditions on use of offset credits

No conditions

High environmental integrity

Avoid social harm

Avoid biodiversity harm

Excludes avoided emissions

Excludes emissions reductions

Excludes biological sequestration

Maximum % of emissions that can be offset

Other conditions

Plans for carbon removal (CDR)

Not specified

No plans

Yes (unspecified)

Nature-based removals

CCS-based removals

Both nature and CCS-based

Please download the full data set to get more information on this entry.

Entry last updated 29 Aug 2023. Does this data need updating?

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Other assessments of volkswagen

Climate policy engagement

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InfluenceMap assesses the climate policy engagement of the world's largest companies. ‘Performance band’ scores of A+ to B indicate broad support for Paris-aligned climate policy.

C-

Corporate deep dives

NewClimate Institute logo

Every year, the Corporate Climate Responsibility Monitor critically assesses the climate strategies of a selection of major global companies. This company's latest assessment:

Low Integrity

The Net Zero Tracker links to external initiatives that have their own independent remits, methodologies, and missions. Our respective conclusions may therefore differ. We nonetheless believe that linking to their work is useful for clarity on wider net zero accountability. Please visit our methodology for more on the initiatives we ‘signpost’ to and the rationale behind why we do it.

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