- Climate change, macroeconomic instabilities, and market volatility.
- Potential negative financial and reputational impacts related to diversity and inclusion.
- Potential negative financial and reputational impacts related to employee health and safety.
Volkswagen Financial Services Brasil (VWFS Brasil)
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Volkswagen Financial Services Brasil (VWFS Brasil) disclosed greenhouse gas emissions of 1.6M tCO2e/year. By scope: Scope 1: 62.07 tCO2e/year; Scope 2: 48.58 tCO2e/year; Scope 3: 1.6M tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.6M tCO2e/year
2023
Renewable Energy
100% (electricity)
of total energy
Energy Use
13.5K GJ/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 62.07 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 48.58 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 1.6M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Successful completion of the first mapping of scopes 1, 2, and 3 greenhouse gas emissions, with scopes 1 and 2 receiving the Gold Seal of the Brazilian GHG Protocol Program.
- Achieved 100% renewable energy for electricity use through I-REC certification.
- Reduced gasoline usage by 50% and increased ethanol usage by 50% in the internal fleet.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG scope 1 and 2 emissions by 50% by 2025
📅 Medium-term
- Achieve carbon neutrality in our facilities by 2030
🔭 Long-term
- Achieve carbon neutrality in scope 3 emissions by 2050
🌱 ESG Focus Areas
EnvironmentalSocialGovernance