Volkswagen Financial Services AG, a wholly owned subsidiary of Volkswagen AG, is rolling out a new sustainability strategy for 2025 that will be implemented across all European markets. The company’s approach focuses on four key areas: Nature, Employees, Society, and Business, with a strong emphasis on decarbonizing operations and supporting the transition to e-mobility.
A primary goal of the strategy is to achieve net carbon neutrality for both the business’s operations and its portfolio of leased and financed vehicles in Europe by 2030. Frank Fiedler, the Board Member for Risk, Tax, and Legal Affairs at Volkswagen Financial Services, highlighted the company’s commitment to future generations, emphasizing the importance of shaping the mobility of tomorrow through sustainable practices.
“The transformation to emission-free mobility presents a significant opportunity for our business model, and we aim to actively contribute to a more sustainable future while seizing these business opportunities,” Fiedler stated.
Nature: Decarbonizing Operations and Vehicles
A major component of the sustainability strategy is the decarbonization of Volkswagen Financial Services’ operations. The company has set a target to make the CO2 emissions from its business operations and its vehicle portfolio net carbon-neutral in Europe by 2030. The headquarters in Braunschweig, which employs around 7,000 people, already operates on 100% renewable energy. Additionally, the site features a large solar installation that generates approximately 120,000 kilowatt-hours of electricity annually, sufficient for 25 to 30 three-person households. The company is also gradually replacing its fleet of company cars with electric vehicles and plans to expand the charging infrastructure at Braunschweig to 360 charging points by 2025.
Employees: Focus on Diversity and Inclusion
Volkswagen Financial Services is further investing in employee training and development, with a focus on promoting diversity, inclusion, and equal opportunities. In addition to its environmental efforts, the company continues its commitment to corporate citizenship by supporting social, cultural, and sports initiatives across Europe. A robust cybersecurity strategy is also central to the company’s approach, ensuring that sensitive data is protected against cyber threats—critical for the stability of both the economy and society.
Business: E-Mobility and Green Bonds
At the heart of Volkswagen Financial Services’ business transformation is the shift towards electromobility. Leasing has become a crucial tool for helping both private and fleet customers transition to electric vehicles. In collaboration with Volkswagen Group brands, the company is developing a comprehensive offering, including vehicle selection, financing, charging infrastructure, and fleet management consulting.
To further support sustainable financing, Volkswagen Financial Services aims to increase the proportion of Green Bonds in its capital market refinancing. The company targets a Green Bond share of 40% by 2030, with a goal of reaching 60% by 2040. These bonds are designated for environmentally friendly initiatives, particularly the financing and leasing of electric vehicles.
Investing in Conservation
The company remains committed to investing in environmental and climate protection projects. One of the flagship initiatives is the 15-year partnership with the German Nature and Biodiversity Conservation Union (NABU) focused on peatland protection. A new large-scale European project is set to begin under this partnership. Additionally, Volkswagen Financial Services is collaborating with Volkswagen ClimatePartner to support high-quality environmental projects outside of Europe, with current projects underway in Brazil and South Africa.
Volkswagen Financial Services’ new sustainability strategy integrates environmental responsibility with business opportunities, paving the way for a greener future while contributing to the global effort to combat climate change.
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