Dr. Ing. h.c. F. Porsche AG: Porsche enters UN Global Compact
December 02, 2022 at 04:48 am EST
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EQS-Media / 02.12.2022 / 10:47 CET/CEST
The United Nations have included Porsche in the world’s largest and most important initiative for sustainable and responsible corporate governance
Key criteria for participation are a sustainable strategic focus and compliance with ethical standards
Porsche has the ambition to make its value chain net carbon-neutral in 2030 including a net carbon-neutral use phase for future BEV models
Stuttgart.Porsche AG has joined UN Global Compact as a new participant. The United Nations have confirmed the inclusion of the German sports car manufacturer in the world’s biggest and most important initiative for sustainable and responsible corporate governance. UN Global Compact is a multistakeholder platform for the development, implementation and disclosure of responsible business practices.
“We are implementing our sustainability strategy throughout our company and together with our partners. Porsche has the ambition to make its value chain net carbon-neutral in 2030 including a net carbon-neutral use phase for future BEV models. The participation in UN Global Compact clearly underlines our aspiration to reconcile business activity with ecological considerations and fair working conditions,” says Barbara Frenkel, Member of the Executive Board for Procurement at Porsche AG.
The UN Global Compact is a call to companies to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of UN goals and issues embodied in the Sustainable Development Goals (SDGs). Porsche will regularly report on their activities in these fields to the UN Global Compact and the public.
Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 3,000 non-business signatories based in over 160 countries.
Further information, as well as film and photo material, is available in the Porsche Newsroom:newsroom.porsche.com
End of Media Release
Issuer: Dr. Ing. h.c. F. Porsche AG
Key word(s): Social
02.12.2022 CET/CEST Dissemination of a Press Release, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Porsche AG (Dr. Ing. h.c. F. Porsche Aktiengesellschaft) specializes in the design, manufacture and marketing of luxury sports cars. The group offers two-door sedans, four-door sedans and sports utility vehicles. Net sales break down by activity as follows:
- sale of vehicles (77%): 320,221 units sold in 2023 under the Cayenne (87,553 units), Macan (87,355), 911 (50,146), Taycan (40,629), Panamera (34,020), 718 Boxster and 718 Cayman (20,518) brands;
- financial services (8.4%);
- sale of spare parts (4.7%);
- sale of used vehicles (3.5%);
- other (6.4%).
Net sales are distributed geographically as follows: Germany (11.9%), Europe (21.4%), North America (29.2%), China (23.3%) and other (14.2%).
PORSCHE AG 
