- Volkswagen Group’s new Green Finance Framework (GFF) strengthens the link between its decarbonization and financing strategy
- Incorporating EU taxonomy enhances transparency for sustainability investors
- Only capital expenditures for all electric vehicles (BEV) are taken into account
- CFO Dr. Arno Antlitz: „ With the new Green Finance Framework we strengthen the position of the Volkswagen Group as an issuer of sustainable finance instruments and with that to the sustainable development of our company. To support our increasing investments in electrification we simultaneously aim to increase the share of Green Debt Instruments in our funding mix. In doing so we contribute to the development of the sustainable financing market.“
Volkswagen Group presents new Green Finance Framework
With the inclusion of the EU taxonomy into its new Green Finance Framework (GFF) the Volkswagen Group makes investments in Green Debt Instruments issued by the company more attractive, transparent and reliable for sustainability investors. The GFF links the Group’s decarbonization goals with its financing strategy. Only capital expenditures (capitalized development costs and additions to property plant and equipment) for battery electric vehicles (BEV) that are aligned with the EU taxonomy are taken into account under the new GFF. The investments are audited in connection with the annual report by the Groups independent auditor on a reasonable assurance basis. Investors can thus obtain a high level of transparency and verification for the use of proceeds.