Volkswagen gets recognized for sustainability practices
by Special to the Banner
Sep 22, 2013 | 338 views | 0 0 comments | 0 0 recommendations | email to a friend | print

Wolfsburg, Germany — For the first time, the Volkswagen Group, which operates a manufacturing plant in Chattanooga, has been listed as the most sustainable automaker in the world’s leading sustainability ranking.

RobecoSAM AG classed the company as the Industry Group Leader in the automobiles and components sector in this year’s review of the Dow Jones Sustainability Indices (DJSI).

The review analyzed the corporate economic, environmental and social sustainability performance of a total of 31 automotive companies, seven of them from Europe, with reference to criteria such as environmental and climate protection strategy, innovation management and corporate social responsibility.

“This distinction is a real milestone on our path towards becoming the leader in green mobility,” Dr. Martin Winterkorn, chairman of Volkswagen, said. “We will devote all our energy to permanently establishing the Volkswagen Group as the world’s most sustainable automaker.”

For financial investors, the Dow Jones Sustainability Index is a benchmark for measuring the corporate performance of the world’s most sustainable companies. Thanks to improvements in all areas, Volkswagen moved into first place, and has been included in the prestigious DJSI World and DJSI Europe along with BMW and Fiat.

“This honor testifies to our swift progress in systematically orienting the entire group to maximum energy and resource efficiency,” Bernd Osterloh, chairman of the General Works Council of Volkswagen. “This success is undoubtedly attributable to the whole team.”

The experts from RobecoSAM substantiated their decision to award 89 out of a possible 100 points to the top-ranked company by highlighting achievements such as “the great efforts to improve fleet fuel consumption” in the context of the ambitious goals to lower CO2 emissions. Full marks were awarded to the Volkswagen Group in many areas such as the company’s environmental management system, risk management and positive community engagement.

Coinciding with the new ranking in the Dow Jones Sustainability Index, the Volkswagen Group has also achieved a significant improvement in the view of the Carbon Disclosure Project (CDP). According to the CDP Global 500 Climate Change Report 2013, the company is now listed in both the CDP Global 500 Climate Performance Leadership Index and the CDP Global 500 Climate Disclosure Leadership Index for the first time. The report analyzes the initiatives of the world’s largest listed companies in addressing countermeasures against climate change.