Volkswagen AG 2020 AR2
The report highlights Volkswagen Group's navigation of the COVID-19 pandemic while advancing its transition into a software-driven technology company in 2020. Despite a 15.2% decline in vehicle deliveries to 9.3 million units, the company recorded an operating profit before special items of €10.6 billion and increased its net liquidity to €26.8 billion. Volkswagen tripled its sales of all-electric vehicles to 231,600 units, driven by the launch of the ID.3 and ID.4 models. Additionally, the company established the Car.Software Organisation to develop its vw.os operating system and committed to achieving net carbon neutrality by 2050.
Company: Volkswagen AG
Sector: Manufacturing
Country: Germany
Year: 2020
Type: AR2
Pages: 371
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Volkswagen AG
Annual Report
The report highlights Volkswagen Group's navigation of the COVID-19 pandemic while advancing its transition into a software-driven technology company in 2020. Despite a 15.2% decline in vehicle deliveries to 9.3 million units, the company recorded an operating profit before special items of €10.6 billion and increased its net liquidity to €26.8 billion. Volkswagen tripled its sales of all-electric vehicles to 231,600 units, driven by the launch of the ID.3 and ID.4 models. Additionally, the company established the Car.Software Organisation to develop its vw.os operating system and committed to achieving net carbon neutrality by 2050.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Net Zero Target
Employees