The Volkswagen Group has launched its own Carbon Fund. The CO2 fund, which is endowed with €25 million annually, is available to all twelve Group brands. They use it to finance their own climate protection projects at their locations worldwide.
The Carbon Fund was launched by the Group in February 2019. The funds are available for projects that save CO2, improve energy efficiency or otherwise save energy. In addition, it is aimed at accelerating innovation, strengthening new and existing business models.
For a project to receive support from the 25-million-Euro fund there is an essential factor: It should be scalable and transferable to many of the Group's sites.
Source: VW Corporate
Date: Jan 27, 2020