Volkswagen AG, known internationally as the Volkswagen Group, is a German public multinational conglomerate manufacturer of passenger and commercial vehicles, motorcycles, engines and turbomachinery.
Carbon Capture Utilization and Storage (CCUS)
- Role and Importance: Volkswagen emphasizes the potential of CCUS in reducing CO2 emissions from industrial processes and power generation.
- Investments and Developments: The company is exploring partnerships and investing in technologies to enhance their CCUS capabilities.
- Technological Collaboration: Volkswagen collaborates with research institutions and industry partners to advance CCUS technologies.
Sustainability and Green Initiatives
- Emission Reduction Goals: Volkswagen aims to achieve net-zero emissions by 2050, with interim targets for 2025 and 2030.
- Greenhouse Gas Regulations and Policies: They are implementing stringent policies to reduce emissions across their supply chain.
- Energy Transition Strategy: The company focuses on increasing the production of electric vehicles and investing in renewable energy.
Key Takeaways
- Volkswagen is dedicated to reducing its carbon footprint through CCUS and sustainable practices.
- Their strategy includes significant investments in electric vehicles and renewable energy.
- Collaboration and innovation are key to achieving their sustainability goals.
Website:
https://www.volkswagen-group.com/en
10-K Report:
N/A
Sustainability Report:
https://www.volkswagen-group.com/en/publications/more/group-sustainability-report-2023-2674
