NET 0 Tracker
Greenhouse Gas Emissions
Last 3 Years Emissions Data Summary
| Y2021 | |
|---|---|
| Scope 1 | 4,740,000 |
| Scope 2 - location-based | NA |
| Scope 2 - market-based | 2,420,000 |
| Scope 1-2 - location-based | 4,740,000 |
| Scope 1-2 - market-based | 7,160,000 |
| Scope 3 | 364,140,000 |
| Total - location-based | 368,880,000 |
| Total - market-based | 371,300,000 |
Note: Data sources detailed here
| Y2022 | Y2021 | |
|---|---|---|
| Total CO2e estimate (by Net0Tracker) | 135,155,400 | 371,300,000 |
| Methodology | Pre-calculated sector intensity (revenue) | As reported |
Carbon emissions are estimated according to comparable years, intensity and sector benchmarks
Performance vs. Target
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Emissions Trajectory not available
Sector Benchmark
Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.
Volkswagen Group belongs to the sector Consumer Discretionary.
Reduction and Net Zero Targets
>Note: intensity targets are not represented in the current version - see Methodology
Gross Absolute Emission Reductions
There is no absolute emission reduction recorded in our database. Email us to report missing information Email
Net Absolute Emission Reductions
There is no absolute emission reduction recorded in our database. Email us to report missing information Email
Net Zero Future Commitments
There is no net zero target recorded in our database. Email us to report missing information Email
Science-based Targets (SBTI)
Date Published / Updated :01/04/2022
| Near-term | Long-Term | Net Zero Standard |
|---|---|---|
| Targets Set : 1.5°C/2°C by 2030, 2025 | No target | No |
Volkswagen AG commits to reduce absolute scope 1 and 2 GHG emissions 50.4% by 2030 from a 2018 base year. Volkswagen AG further commits to reduce scope 3 GHG emissions from use of sold products of light duty vehicles 30% per vehicle km by 2030 from a 2018 base year. Volkswagen subsidiary Scania CV commits to reduce scope 3 GHG emissions from use of sold products 20% per vehicle km by 2025 from a 2015 base year. Auto manufacturers have two near-term target temperature alignments for 1) scope 1 and 2 emissions and 2) scope 3 category 11 emissions from use of sold products.
Data source: SBTIOffsets
Last update for Volkswagen by zerotracker.net: Sept. 4, 2024| Planning to use external offset credits | Yes |
| Separate targets for emission reductions and removals | No |
| Conditions on use of offset credits |
|
| Plans for carbon dioxide removal (CDR) | Yes (nature-based removals e.g. Forestation, soil carbon enhancement) |
Additional notes: Offsets: "For as long as we cannot avoid CO₂ emissions and cannot use renew- able energies everywhere, we will do this by voluntarily offsetting the remaining greenhouse gas emissions from our supply chain, production and logistics." [p. 7 of https://web.archive.org/web/20240408150458/https://www.volkswagen-group.com/de/publikationen/unternehmensberichte/association-climate-review-2023-englisch-1810/download?disposition=attachment] Removals: "We consider protecting natural carbon sinks to be an important task. Measures in this area should be both scalable and able to ensure the additionality and permanence of atmospheric carbon sequestration. To underpin our commitment to climate protection projects and be able to develop our own projects in accordance with the highest standards, VW Kraftwerk GmbH and ClimatePartner GmbH have established the joint venture Volkswagen ClimatePartner GmbH. It develops and funds certified climate protection projects that serve the recognized offsetting of CO2 emissions. One key requirement for all projects is that they meet the highest quality standards. For this reason, the joint venture also takes control with regard to quality assurance. Core aspects include additionality, accuracy and permanence of the emission reductions, the socioeconomic and environmental advantageousness for the region and regular audit by independent third parties. The initial project standards are the VCS, CCBS and GS. The joint venture commenced its operational work in 2022 and is focusing on forest protection projects and nature based solutions. It is accompanied by a specially established independent project advisory board. In 2022, Volkswagen became the first automotive manufacturer to join the LEAF Coalition (Lowering Emissions by Accelerating Forest finance). Together with governments and companies around the world, the initiative supports the protection of tropical rain forests and thus makes an important contribution to achieving the Paris climate goals, protecting biodiversity and realizing sustainable development." [p. 7 of https://web.archive.org/web/20240408150458/https://www.volkswagen-group.com/de/publikationen/unternehmensberichte/association-climate-review-2023-englisch-1810/download?disposition=attachment]
Score Summary
| Ref | Principle |
Score
(points) |
Max
(points) |
Delta
(points) |
|---|---|---|---|---|
| 1 | At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified | 0.0 | 10.0 | - |
| 2 | Scope 3 emissions are fully reported and externally-verified | 0.0 | 10.0 | - |
| 3 | CDP score demonstrates the level of transparent disclosures | 9.0 | 10.0 | - |
| Transparency | 9.0 | 30.0 | - | |
| 4 | Net Zero Commitments by 2050 include an intermediate target and cover all the emissions | 0.0 | 10.0 | - |
| 5 | Net Zero targets demonstrate a high-level of emergency | 0.0 | 10.0 | - |
| 6 | Emission reduction targets on a forward-looking basis are ambitious | 0.0 | 10.0 | - |
| 7 | Targets are science-based as validated by SBTi | 7.5 | 10.0 | - |
| Commitments | 7.5 | 40.0 | - | |
| 8 | Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) | 0.0 | 10.0 | - |
| 9 | Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) | 0.0 | 10.0 | - |
| 10 | Implied Temperature Rating by MSCi | 0.0 | 10.0 | - |
| Results | 0.0 | 30.0 | - | |
| Total | 16.5 | 100.0 | - |
Score Details
| Criteria | Results | 2023 Score | 2022 Score | Vs. 2022 | 2021 Score |
|---|---|---|---|---|---|
| Criteria 1 : Transparency on operational emissions (Scope 1 + 2) | |||||
| Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? | NC | 0.0 / 5.0 | - | ||
| Are S1+S2 figures verified by a 3rd-party for the last reporting year? | NC | 0.0/ 5.0 | - | ||
| Criteria 2 : Transparency on value chain emissions (Scope 3) | |||||
| Are the 15 categories fully or partly disclosed? | NC | 0.0 / 5.0 | - | ||
| Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? | NC | 0.0 / 5.0 | - | ||
| Criteria 3 : Quality and Frequency of reporting | |||||
| What is the latest CDP score (no later than the preceding year)? | A- | 9.0 / 10.0 | - | ||
| How many interim reporting were provided between 2 reporting periods (GHG emissions only)? | |||||
| Criteria 4 : Net Zero Commitments | |||||
| Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? | NC | 0.0 / 3.0 | - | ||
| Does the net zero target include an intermediate target by 2030? | NC | 0.0 / 3.0 | - | ||
| Does the net zero target include all the emissions? | NC | 0.0 / 4.0 | - | ||
| Criteria 5 : Target year for Net Zero Commitments | |||||
| Target year for achieving net zero emissions for S1+S2? | NC | 0.0 / 5.0 | - | ||
| Target year for achieving net zero emissions for S1+S2+S3 combined? | NC | 0.0 / 5.0 | - | ||
| Criteria 6 : Reduction objectives | |||||
| What is the forward-looking GHG% reduction (without compensation) for scope 1+2? | 0.0 / 5.0 | - | |||
| What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3? |
No target found
|
0.0 / 5.0 | - | ||
| Criteria 7 : Science-Based Targets | |||||
| What type of science-based target (as validated by SBTi) did the company commit to? | Targets Set Well-below 2°C | 7.5 / 10.0 | - | ||
| Criteria 8 : Results based on scope 1 - 2 | |||||
| Performance to date: cumulative% reduction vs. target |
Objective (in %):
Actual (in %): No target found
|
0.0 / 5.0 | - | ||
| Momentum: last year % reduction vs. forward-looking target |
Objective (in %):
Actual (in %): No target found
|
0.0 / 5.0 | - | ||
| Criteria 9 : Results based on scope 1 - 2 - 3 | |||||
| Performance to date: cumulative% reduction vs. target |
Objective (in %):
Actual (in %): No target found
|
0.0 / 5.0 | - | ||
| Momentum: last year % reduction vs. forward-looking target |
Objective (in %):
Actual (in %): No target found
|
0.0 / 5.0 | - | ||
| Criteria 10 : Implied Temperature Rise (ITR) | |||||
| Is the company aligned with global climate targets? | ITR: None°C | 0.0 / 10.0 | - | ||
| Total | 16.5 / 100.0 | - | |||
Available Data Sources
| Reporting Year | 2022 | 2021 |
|---|---|---|
| Source | Wikirate (NV) | Yourstake |
| Publication Year | unknown | unknown |
| Scope 1 | 2,020,000 | 4,740,000 |
| Scope 2 - location-based | 2,110,000 | NA |
| Scope 2 - market-based | NA | 2,420,000 |
| Scope 1-2 - location-based | 4,130,000 | 4,740,000 |
| Scope 1-2 - market-based | NA | 7,160,000 |
| Scope 3 | 2,110,000 | 364,140,000 |
| Total - location-based | 6,240,000 | 368,880,000 |
| Total - market-based | NA | 371,300,000 |
Sources
- Yourstake: Data from YourStake.org - see Free SFDR data library
- Wikirate: Data from Wikirate.org. Scope 1, Scope 2 and Scope 3 emissions metrics designed by Global Reporting Initiative and contributed by the Wikirate community, adaptation by the Net0Tracker team, licensed under CC BY 4.0. Wikirate-NV means non-verified data sourced in Wikirate. See explanation here
© Vincent Manier - September 2021 About us . Keep in touch . Blog