Volkswagen AG Donates 10 million Euros For European Environmental Projects

January 9, 2021 Off By admin


In the settlement with the EIB made in December 2018, Volkswagen AG voluntarily undertook to spend a complete of 10 million Euros on environmental and sustainability tasks as a part of its dedication to sustainability.

Volkswagen AG is donating 10 million Euros for European sustainability tasks below an settlement entered into with the European Investment Bank (EIB). The way forward for sustainable mobility was an extra key issue.

The donations are being made below an settlement between the EIB and Volkswagen AG as a part of commitments made in reference to the diesel disaster. In 2009, the EIB granted the Volkswagen Group a mortgage that was repaid in full in February 2014. Among different issues, the mortgage involved funds for the event of diesel engines. In the settlement with the EIB made in December 2018, Volkswagen AG voluntarily undertook to spend a complete of 10 million Euros on environmental and sustainability tasks as a part of its dedication to sustainability. The tasks had been chosen in session with the EIB.

q02esm4g

The firm particularly specializing in tasks that foster environmental stewardship and mobilize a spirit of analysis and entrepreneurship  

Comments

Ralf Pfitzner, Head of Sustainability at Volkswagen AG, commented, “We are specifically focusing on projects that foster environmental stewardship and mobilize a spirit of research and entrepreneurship for climate protection. We are aiming for practical results and want to promote biodiversity as well as carbon sinks to protect our natural resources. Furthermore, we wish to create space for ideas that have great potential for taking industry forward towards a carbon-free economy.”

Also Read:  One-Off BMW R 18 Dragster Unveiled - carandbike

For the most recent auto information and opinions, observe carandbike.com on Twitter, Facebook, and subscribe to our YouTube channel.





Source hyperlink