Volkswagen : We live Diversity & Inclusion @ Volkswagen

We live Diversity & Inclusion @ Volkswagen

Elke Heitmüller, Head of Diversity Management Volkswagen AG

ESG Investor Relations Conference

October 8, 2021

The following presentations as well as remarks/comments and explanations in this context contain forward-looking statements on the business development of the Volkswagen Group. These statements are based on assumptions relating to the development of the economic, political and legal environment in individual countries, economic regions and markets, and in particular for the automotive industry, which we have made on the basis of the information available to us and which we consider to be realistic at the time of going to press. The estimates given entail a degree of risk, and actual developments may differ from those forecast. Any changes in significant parameters relating to our key sales markets, or any significant shifts in exchange rates or commodities relevant to the Volkswagen Group or deviations in the actual effects of the Covid-19 pandemic from the scenario presented will have a corresponding effect on the development of our business. In addition, there may be departures from our expected business development if the assessments of the factors influencing value enhancement and of risks and opportunities presented develop in a way other than we are currently expecting, or if additional risks and opportunities or other factors emerge that affect the development of our business.

We do not update forward-looking statements retrospectively. Such statements are valid on the date of publication and can be superseded.

This information does not constitute an offer to exchange or sell or an offer to exchange or buy any securities.

Diversity Management goes global

• Development of a new diversity strategy
• Internationalization
• Start Diversity Index
• Appointment of global diversity managers
• First international diversity conference at Bentley in Crew
• "We live Diversity" established as a Group Essential

• Diversity Management reporting directly to the Board of Management for Human Resources and Truck & Bus
• Advisory function for Sales & Marketing department

1989	2017 /
- 2017	2018

• Focus on mentoring programs and women's goals (VW AG)
• Focus on German Company locations

2019

• Start Diversity Wins @ Volkswagen, first mandatory training worldwide
• Launch LGBTIQ & Friends network

20202021

• Diversity anchored as a core topic in the new Group strategy "NEW AUTO"
• Further expansion of diversity governance
• Internationalization of performance management (e.g. realignment of Diversity Index, ...)

K-SF | KSU-Klasse: 0.2 - 4 Jahre

08.10.2021

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As part of our DNA, the Volkswagen Group is committed to diversity when it comes to cultural change:

"We live diversity". The task of diversity management is to sensitize employees to the issue and to promote a culture in which diversity is lived and visible in the company as a matter of course: A business-relevant added value of the Volkswagen Group - worldwide.

We need people who think and act in a diverse way and work every day to create a working environment in which our employees can contribute their talent and skills. Diversity is therefore not only part of the Group Principles, the Leadership Model and the Code of Conduct, but also part of a monitoring recommendation and firmly anchored in our "Strategy TOGETHER 2025+". Diversity is essential, required by law and an integral part of our policies and processes.

When the right person is in the right job at the right time in the right place - regardless of gender, cultural

background, sexual orientation or other diversity dimensions - then we can say that diversity and

inclusiveness have been achieved in the company. For these reasons, the Volkswagen Group's diversity strategy takes a holistic approach: we have minimum standards worldwide, which we track by means of a diversity index. We are committed to ensuring that our HR processes are fair and free of prejudice.

We offer training for managers and employees. And we contribute to remaining an

attractive employer for future generations.

TOGETHER we drive diversity!

K-SF | KSU-Klasse: 0.2 - 4 Jahre

08.10.2021

4

VISION

GOALS

FOCUS + TOOLS

(ongoing)

								Diversity strength-
		Diversity focuses on		Diversity fosters
Our leaders live				Diversity creates an		ens customer
	talents and		employer
Diversity				equal environment		orientation and
	experiences		attractiveness
						Innovation

1. Verifiable increase in diversity via the mood barometer and group Diversity Index
2. Concentration on dimensions such as gender and internationality
3. Transparent HR processes and set up of equal opportunities e.g. IT systems like Success Factors
4. Brands/ entities + departments live diversity according to their business mission
5. Volkswagen reflects diversity in all appearances, publications and advertising measures

Reporting &		Diversity Wins @		Diverse	Gender Diversity	Communication
Monitoring		Volkswagen	Representations		+ PR
Employee resource	Networking circles	Consulting	Diversity in HR
	groups		processes

K-SF | KSU-Klasse: 0.2 - 4 Jahre

08.10.2021

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