Business

We drive our business towards sustainability and actively promote the decarbonization of mobility.

Shaping our business with a future-oriented approach and promoting the shift to sustainable mobility is complex – and at the same time, a unique opportunity. As a sales promoter of the Volkswagen Group and a partner of its brands, we have the opportunity – and thus a decisive lever – to actively advance the sustainable transformation of mobility.

Our products connect people, help spare resources, and make processes simple and efficient. We create mobility concepts, develop fleet management solutions, and offer attractive financing and service options.

Business | Our Goals

As part of our sustainability strategy, we have set clear goals for sustainably operating our business model:

Share of E-Vehicles

We are driving the shift towards sustainable mobility: By 2030, 80% of the electric vehicles produced by the brands of the Volkswagen Group in Europe will be leased or financed through us.

Refinancing

We are increasing the share of sustainable refinancing in the capital market: the share of green bonds should be 40% in 2030 and 60% in 2040.

Transformation to Sustainable Mobility

The Volkswagen Group is committed to consistently advancing sustainable mobility and is dedicated to the Paris climate goal. By 2030, the Group aims to electrify its entire model range. The future viability of environmentally friendly individual mobility crucially depends on the rapid market ramp-up of electric vehicles. Intelligent mobility solutions and financing concepts from Volkswagen Financial Services are an important building block in achieving this goal.

Electrification of Vehicle Fleets

E-mobility is becoming increasingly important for companies. At the same time, the electrification of a fleet is a complex task that involves answering many questions – for example, regarding charging infrastructure and solutions, employee mobility behavior, or potential funding opportunities.

For this reason, we develop fleet concepts for our customers and support them intensively in building their e-fleet – in close cooperation with the brands of the Volkswagen Group.

Examples include our Fleet.Electrified program in Germany, the electrification campaign in the UK, or our Electrification-as-a-Service program for large, cross-country fleet customers.

Our offers share a common focus: we place particular emphasis on demonstrating the many advantages of e-mobility to our customers and supporting them with individual solutions in building a future-oriented and sustainable fleet.

Responsible Lending

Volkswagen Bank GmbH is mindful of its responsibility as a lender and has been a signatory of the voluntary code of conduct "Responsible Lending for Consumers" since 2010.

This code sets standards for the granting of loans and applies to all instalment loans and lines of credit. Volkswagen Bank GmbH has a fundamental interest in granting loans responsibly. Therefore, high standards apply to the granting of consumer loans.

The code provides an overview of these standards and includes a series of consumer-friendly regulations that go beyond existing legal requirements.

Mobility without a car

Travel quickly, environmentally friendly, and conveniently with a company bike. In close cooperation with the Lease-a-Bike brand, Volkswagen Financial Services offers its customers the opportunity to expand their corporate mobility mix. Additionally, companies gain another way to increase their employer attractiveness to new applicants and provide their employees with an additional mobility service at attractive conditions. Both employers and employees benefit from this health-promoting additional service.

Green Finance Framework

The Green Finance Framework of Volkswagen Financial Services AG is the foundation for the sustainable refinancing activities of Volkswagen Financial Services AG, supporting the current sustainability strategy and facilitating the development of a new investor base. The Green Finance Framework covers all refinancing products of Volkswagen Financial Services AG, from classical bonds to ABS (Asset Backed Securities), credit lines, commercial papers, and promissory notes. The funds generated under the framework are exclusively used for refinancing credit and leasing contracts for BEVs (Battery Electric Vehicles). An internal committee of specialists, the Green Finance Committee, oversees compliance with the rules and regulations set out in the Green Finance Framework.

Green Loan Framework

With the Green Loan Framework, Volkswagen Bank has developed a framework for green loans as part of its sustainability strategy and created the basis for classifying the loan portfolio based on specific sustainability criteria. Sustainable financing includes, for example, energy-efficient building renovations, the installation of solar panels, or the establishment of charging stations at our dealer partners. It also includes financing electric vehicles for our customers.

More information

Our Sustainability Strategy

Society

Nature

Employees

Integrity and Compliance

Volkswagen Financial Services are a business division of the Volkswagen AG group of companies and comprise Volkswagen Financial Services AG along with its associated companies, Volkswagen Bank GmbH, Porsche Financial Services, and the financial services companies in the USA and Canada that belong directly or indirectly to Volkswagen AG – with the exception of TRATON Financial Services and Porsche Holding Salzburg.