It was only launched ten months ago - and it is already evident that this 25 million euro investment has paid off! We are talking about the so-called CO2 Fund, the 'Carbon Fund' of the Volkswagen Group. This money, which was approved by the Group's Board of Management in February 2019, will be used to implement internal climate protection measures - based on an innovative concept.

All Volkswagen Group brands can apply for these financial resources. The prerequisite: they must submit projects that reduce CO2 emissions, improve energy efficiency or generate other savings. The aim is also to accelerate innovation and strengthen new business models, promote cross-divisional cooperation and improve the Group's reputation through projects with a high level of impact and visibility. Another key aspect in ensuring that a project receives support from the 25 million euro fund: It should be transferable to various Group locations.

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Volkswagen AG published this content on 24 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2020 08:19:02 UTC