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VTG Sets A Goal of Becoming Climate Neutral by 2040: First Sustainability Report. All You Need to Know

VTG Sets A Goal of Becoming Climate Neutral by 2040: First Sustainability Report. All You Need to Know
photo: VTG AG/VTG Sets A Goal of Becoming Climate Neutral by 2040: First Sustainability Report. All You Need to Know
06 / 05 / 2022

The German rail logistics and wagon leasing company VTG Aktiengesellschaft has published its first sustainability report, confirming its success in adhering to the UN and Paris Agreement sustainable development goals and setting new goals for its operations.

According to the Sustainable Development Goals, environmentally-friendly transportation is the eleventh of the seventeen crucial goals, but its number on the list does not affect its relevance in any way. The role of transport in sustainable development was first recognized at the 1992 UN Earth Summit, and with climate change worsening, it has long been clear that rail transport will play an essential role in the success of all UN plans. VTG, in turn, is making an invaluable contribution to climate-friendly mobility and the drive to shift transportation to rail.

"We are reimagining rail freight transport around an array of innovative and integrated services. We aim to persuade customers of the strengths of this system and, in so doing, to actively advance the transport transition," says Sven Wellbrock, Chief Operating Officer Europe & Chief Safety Officer at VTG AG. "We are keenly aware of the need for VTG - the market leader and a driver of innovation - to set an example by putting our expertise and inventive capabilities to good use."

Proving its intentions not only in words but also in deeds, VTG has identified for itself those SDG goals to which it can directly contribute:

  • VTG is committed to equality, inclusion, and anti-discrimination.
  • VTG ensures a safe working environment for its employees through the highest occupational health and safety standards
  • VTG is committed, among other things, to the careful use of resources - in the construction, operation, and maintenance of its mobile infrastructure
  • VTG supports projects in the children's and youth education field and the promotion of sports.

"By combining responsible action with innovative solutions and the careful conservation of resources, we at VTG are committed to playing our part in sustainably improving the quality of life. We are convinced that protecting fundamental natural resources, shouldering social responsibility, and delivering solid economic performance are aspects that must go hand in hand," says Oksana Janssen, Chief Operating Officer Eurasia & Far East at VTG AG.

The company is successfully combining the goals of the United Nations with its ambition to become climate neutral by 2040.

It is worth noting that, in addition to internal analysis and strategy development, VTG took part in the GRESB ranking, a sustainability institute of the US-Dutch. With a 96 out of a possible 100 points score, the company ranked 22nd out of 550 companies in the infrastructure sector. "With a GRESB ranking that places us among the top 4 percent of sustainable investments, we are underscoring VTG's attractiveness to our financing partners as we are also leading the way in the environmental, social, and governance space," comments Mark Stevenson, Chief Financial Officer of VTG AG.

VTG said in its press release that it will report on the company's progress and results in the sustainability area on an annual basis.

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