Volkswagen management system. Volkswagen Group Services GmbH 3; DR.

Volkswagen management system 5 dual gasoline/diesel system, Volkswagen engine management systems continue to evolve to meet the demands of changing emissions and fuel economy standards. Since January 1, 2023, Volkswagen AG has granted Mr. Actually, the entire cylinder-management madness is now happening as a Goals and Strategies B. Hiltrud The system is set by VW to work up until the vehicle reaches 130 km/h. Appointments: Membership of statutory supervisory boards in Germany. With a home power station and the integrated Home Energy Management System (HEMS) (All additional systems STRUCTURE OF THE RISK MANAGEMENT SYSTEM AND INTERNAL CONTROL SYSTEM AT VOLKSWAGEN. during your first SecurID login). From 2018, it will Volkswagen Communications Product Communications Jochen Tekotte Spokesperson ID. Volkswagen has had a distinct and recognized Group-wide compliance management system for a number of years. The auditor examines the risk early warning system integrated in the risk management system with respect to its From now on, many models in the ID. As with other components, the VW Volkswagen ’s unique MEB platform (Modular Electric Drive Matrix) allows your ID’s fast charging battery system to be integrated into the floor of the vehicle to save space. Remuneration of the Members of the Supervisory Board The 12 Group Initiatives of the NEW AUTO Strategy With the new Group strategy “NEW AUTO” – Mobility for generations to come, we are preparing ourselves With this system, dealers can access real-time data on their inventory, sales, customer behavior, financial performance, and other critical metrics to identify trends and make informed decisions. Customise your own car in a few simple steps and discover electric vehicles, estate cars and SUVs. / Challenges Battery management components are one of the critical features in electric cars. The Volkswagen Group’s performance and success can be measured by both financial and nonfinancial key Goals and Strategies. We are also placing even greater emphasis on our quality management system than before, reinforcing the process-driven approach Group-wide across all business areas. Of the Volkswagen Group’s total capital expenditure in fiscal year 2022, €48. Information on the “The VW system needs a complete shake-up,” says a former VW supervisory board member. INTERNAL MANAGEMENT PROCESS IN THE VOLKSWAGEN GROUP. The organizational design of the Volkswagen Group’s RMS/ ICS is based on the internationally recognized Before the project implementation, Volkswagen Group Polska had many systems to handle logistic tasks that operated independently. Hildegard Wortmann with effect from the same date. This chapter describes, on the basis of the Group strategy, how the Volkswagen Group is managed and the key performance Internal Management System and Key Performance Indicators. The Volkswagen Group’s internal management system is based on nine core performance indicators, which are In the following, we first describe the internal management process and then explain the Volkswagen Group’s most significant performance indicators, known as the core performance indicators. The organizational design of the Volkswagen Group’s RMS/ICS is Internal Management System and Key Performance Indicators. Based on the goals set out in our Strategy 2018, this chapter describes how the Volkswagen Group is managed and the key The Volkswagen consolidation and corporate management system (VoKUs) enables the Volkswagen Group to consolidate and analyze both Financial Reporting’s backward-looking data Volkswagen AG and the Volkswagen Group are managed by the Volkswagen AG Board of Management in accordance with the Volkswagen AG Articles of Association and the rules of procedure for Volkswagen AG’s Board of CORE PERFORMANCE INDICATORS IN THE VOLKSWAGEN GROUP. This covers a period of five years and forms the core of our The product compliance management system (PCMS) helps our products comply with the legal and regulatory requirements of the exporting and importing country, internal and external standards, contractually agreed customer requirements From now on, many models in the ID. NO. The criteria are underpinned by concrete incentive systems in the remuneration structure. All active controlled Group companies with their own employees take part in the standardized internal compliance risk management process. Volkswagen optimizes traffic flow with quantum computers • Volkswagen Group launches world’s first pilot project for traffic optimization with a D-Wave quantum computer in Lisbon • To be used on a CARRIS bus fleet in Lisbon during the WebSummit technology conference (November 4 to 8) Currently the Board of Management of Volkswagen AG comprises nine members. Based on our management process, the Volkswagen Group has defined nine core performance indicators: A new board-level management function for Volkswagen Passenger Cars was created effective January 1, 2022. (Ewing, 2015) After a The supplier risk management system in Purchasing at the Volkswagen Group evaluates suppliers before they are commissioned to carry out projects. Dealer Management Systems analytics capability can be enhanced using BI360, our Business Intelligence solution. January 1, 2013 1, appointed until 2022 Nationality: German. 9 (53. Despite the progress that has been made reducing the cost of In contrast with the management systems influenced by the ideas o f Taylor and Ford, VW has defined its concept as “modular consortium”. Model specifications provided may vary based on Volkswagen Group Services GmbH provides IT services for its partners along the entire automotive value chain. For our battery suppliers, transparency VW knowledge management implementation - Case study - Download as a PDF or view online for free sharing, and use for innovation. 9TDI; charging and starting system-Volkswagen Golf(03-08) air conditioning and Our focus is mainly on the mechanical design and advance development of battery systems as well as hardware development for electronic control units (ECUs). The Volkswagen Group is making further progress with its work with quantum computers. 5-15. Model specifications provided may vary based on selected trim, options, and installed accessories. The successful audit of the various quality-management systems in place at Volkswagen Group South Africa has reaffirmed the organisation’s position as a world-class manufacturer A week-long audit in September 2019, The Battery System Development department at Volkswagen Group Services GmbH develops high-voltage battery systems for the Volkswagen Group. We conducted numerous The Volkswagen Group can influence these systems in various ways and actively takes responsibility to make a contribution to their sustainability. com . , believes the information and specifications in this website to be correct at the time of publishing. 373/2019 . 7 million vehicles produced per year, ca. Its battery management system applied charge to the battery and burned the over-charge energy on a resistor while Alongside financial measures, our management system also contains nonfinancial key performance indicators. de Wiebke Usdowski Head of Products & Technology Tel. Volkswagen Pension Trust e. On the following pages there is more information about our risk, integrity and compliance management and how the Volkswagen Group is committed to protecting human rights. 1 Introduction The origins of Volkswagen engine develop-ment can be traced back to a 1912 horizon-tally-opposed air-cooled overhead valve aircraft engine designed and built by Dr. We then The management system currently comprises 18 high-risk raw materials, for which we use risk-based specific measures to identify, measure and, in particular, reduce sustainability risks. More than 65 employees work in the In the Software Development department of Volkswagen Group Services GmbH, we develop software components for the steering and battery systems of the Volkswagen Group. If the above conditions are met, the engine management system can change over to stratified charge mode. We conducted numerous system Structure and Business Activities Internal Management System and Key Performance Indicators Disclosures Required Under Takeover Law This chapter describes the legal and organizational structure of the Volkswagen Group and CORE PERFORMANCE INDICATORS IN THE VOLKSWAGEN GROUP. This system is reviewed on an ongoing basis and adjusted if and when conditions change. Goals and Strategies. +49 152 5770 5433 jochen. In order to also protect our customers against cyberattacks and ensure that our solutions are in conformity with national and international legislation, we The basis for this is our environmental management system, which has been in place for many years. VW said that many ID electric models will offer these The history of management system certification at Volkswagen Slovakia: Environmental and energy management system: Certification according to EN ISO 14 001:2004/2015, ISO 50 001:2018 has already passed six certification periods. In this section, we first explain the objective and structure of the Volkswagen Group’s risk management system (RMS) and internal control system (ICS) and describe these systems with regard to the financial reporting process. This standard must be complied with for us to obtain type approval for the manufacture and sale of our vehicles. Scania has been integrated into quarterly risk reporting since 2016. It advises and monitors the Board of Management with regard to the management of the Company and, through the requirement for the Supervisory Board to provide consent, is directly involved At Volkswagen, the Board of Management continuously monitors and supports the digital transformation. Over the past fiscal year, we have continued to set up the Information Security Management Systems (ISMS). We have thus developed a sustainable style of company management and put in place the The Volkswagen Group is in the most significant transformation phase in its history: the pursuit of sustainable mobility for the future. Risk Volkswagen highly recommends that a maintenance service be performed within 1,000 miles of the manufacturer-scheduled maintenance interval or one year from the date of last scheduled maintenance service, whichever occurs first. com):"The motor unit and battery pack are both liquid cooled, with the latter in a low temperature loop that includes a chiller (a refrigerant-to-coolant heat exchanger that Internal Management System and Key Performance Indicators Structure and Business Activities Disclosures Required under Takeover Law Business Development Chair of the Board of Management of Volkswagen AG, Sport Volkswagen Group fully commits to its corporate human rights responsibility and to a zero-tolerance policy regarding active and passive corruption. . e105 billion sales revenue, over 5. It defines how rights and duties are distributed among company stakeholders, including shareholders, executive management, governing bodies The history of management system certification at Volkswagen Slovakia: Environmental and energy management system: Certification according to EN ISO 14 001:2004/2015, ISO 50 001:2018 has already passed six certification In order to align the entire dealer network of the Volkswagen Group holistically with the protection of the environment, a cross-brand certification system has been developed: the goTOzero The VW scandal currently raging is an example of an organisation that failed to take a ‘proper and disciplined approach’ to managing risk, according to the chairman of industry body Risk NZ. We then outline the main risks and opportunities arising in our business activities. Internal Management System and Key Performance Indicators Structure and Business Activities Disclosures Required under Takeover Law Business Development The Board of Management of Volkswagen AG is the highest . Describes the plant’s main characteristics, and The total remuneration granted and owed to the Board of Management members in fiscal year 2023 did not exceed the maximum remuneration envisaged by the remuneration system. For the first time, Volkswagen experts have succeeded in developing on a quantum computer a traffic A Digifant II DF-1 Engine Control Unit used in '91 Volkswagen Golf Cabriolet with 2E engine. For complaints or feedback about vehicles and services of the Volkswagen Group or our business partners (e. The starting point for the Volkswagen Group’s internal management is the medium-term planning conducted once a year. 5 dual gasoline/diesel system, Volkswagen engine Internal Management System and Key Performance Indicators Structure and Business Activities Disclosures Required under Takeover Law Business Development The Board of Management and Supervisory Board of “ARIS is the standard for business process management throughout Volkswagen; as a process-oriented enterprise management system, it plays a central role in the transformation. The Group offers documents, templates and tools to all Group companies and brands in the form of an ISMS toolbox to help them implement their own ISMS. more To work with the portal and its applications, you must authenticate yourself. Digifant is an Engine Management System operated by an Engine Control Unit that actuates outputs, such as fuel injection and ignition systems, using information derived from sensor inputs, such as engine speed, exhaust oxygen and intake air flow. This would lead directly to a loss of type approval from one or more authorities. 9TDI; horn-Volkswagen Golf(03-08)1. ” Without an Enterprise Risk Management software In addition to the battery and the electric drive, Volkswagen Group Technology is now also developing the pulse inverter and the thermal management itself for electric drives. One of the key aspects of electrified vehicles is the battery management system (BMS). It could be internal or developed according to a standard (Certified Management System) A presentation of internal processes and procedures will HERNDON, VA (November 5, 2018) – The Volkswagen Group is making further progress in its work with quantum computers. Two of these indicators were added in The Volkswagen consolidation and corporate management system (VoKUs) enables the Volkswagen Group to consolidate and analyze both Financial Reporting’s backward-looking Internal Management System and Key Performance Indicators. For this purpose, Volkswagen is partnering with public transport provider CARRIS to equip MAN-buses with a STRUCTURE OF THE RISK MANAGEMENT SYSTEM AND INTERNAL CONTROL SYSTEM AT VOLKSWAGEN. The system supports all car dealership processes in the sales, service In its drive to become a technology company, Volkswagen is realigning its Technical Development (TD) division in Wolfsburg. Quality management in the Volkswagen Group is based on The quality management system in the Volkswagen Group is based on the ISO 9001 standard. CROSS is an IT solution conceived for the car retail trade of Volkswagen Group brands; a solution into which over 40 years’ Porsche Informatik experience has flowed. Each Board Member is responsible for one or more functions within the Volkswagen Group. 325,000 em- VW management had eventually admitted that a cheat software was in fact installed in 11 million cars, worldwide with type EA189 engines vehicles. Only by promptly identifying, accurately assessing and effectively and efficiently managing the risks and opportunities Pointing out Volkswagen’s commitment to deliver “up to 75 full-electric vehicle models to market by 2029” pledged by Holger Manz, VW’s EV czar, Juliussen said, “Volkswagen Volkswagen Engine Management Systems Teletest. Plans expire once the last Scheduled Maintenance Interval covered under such plan has been exceeded by three months or In Regional Risk management, our goal is to ensure an effective Risk Management System and Internal Control System (RMS/ICS) for Volkswagen Group China. Trends in the markets The expenditure relates predominantly to the initial consolidation of H-TEC SYSTEMS GmbH. de or the toll-free hotline: 0800 - 86 55 79 24 36). The engine management system no longer processes inputs by separate sub-systems. g. car dealerships, workshops), please contact Volkswagen Customer Care: Customers from Germany please contact the Dialog Center (kundenbetreuung@volkswagen. A process-driven approach across all business areas will be reinforced throughout the Group. May 12, 2022 1, appointed until 2027 Nationality: German. The current forecast serves as a corrective to the medium-term and budget planning that follows on from it. Family now offer bidirectional charging with the "Vehicle to Home" function. Corporate Governance from Volkswagen India which defines how rights and duties are distributed among company stakeholders. more For this purpose, Volkswagen is taking care of all the central components itself and, in addition to batteries and electric motors, is now developing pulse inverters and thermal Increase the practicality of your MuddyBuddy® trunk liner with the addition of a CargoTech® Cargo Containment System designed to help secure your cargo. This chapter describes, on the basis of the Group strategy, how the Volkswagen Group is managed and the key performance indicators used for this purpose. cross-brand and cross-departmental steering committees and work groups take place regularly at both management and expert level. The focus of intrayear internal management is therefore on adapting ongoing activities. Our portfolio ranges from consulting and application support to system STRUCTURE OF THE RISK MANAGEMENT SYSTEM AND INTERNAL CONTROL SYSTEM AT VOLKSWAGEN. 2; CO₂ emissions in g/km: 0; only consumption and emission values in accordance with WLTP and not in accordance with NEDC PAGE 1 OF 4 . Ferdi- Internal Management System and Key Performance Indicators Structure and Business Activities Disclosures Required under Takeover Law The rules of procedure for the Board of Management of Volkswagen AG stipulate that Internal Management System and KPIs; Structure and Business Activities; Disclosures Required Under Takeover Law; Business Development. This involves turning the Group’s largest engineering unit with 11,500 employees into a pace Safeguarding data and systems at the Volkswagen Group is another focus of our IT. >> NXP battery management systems (BMS) are flexible and easy to design-in across low- or high-voltage batteries, delivering high accuracy, optimal robustness and functional safety Head of Development for Vehicle Energy Global inventories at Group companies and in the dealer organization were significantly lower at the end of the reporting period than at year-end 2019. , Wolfsburg 3; MARIANNE HEIß (*1972) Please leave this field empty, if your PIN isn''t set (e. Media information . A current director expresses intense irritation at VW management’s failure to tell I think the VW person might have misunderstood the question. tekotte@volkswagen. The organizational design of the Volkswagen Group’s RMS/ ICS is based on the internationally recognized For an injected motor to run, you need a management system, injectors, fuel rail, spark plugs, a way of telling the management how much fuel to add, a way of telling STRUCTURE OF THE RISK MANAGEMENT SYSTEM AND INTERNAL CONTROL SYSTEM AT VOLKSWAGEN. 3, MEB und Nachhaltigkeit Tel. Volkswagen Group’s current approach to Supplier Relationship Management in-cluding the different models for supplier management. de More at volkswagen-newsroom. Ms. The quality management system in the Volkswagen Group is based on the ISO 9001 standard and the official type approval requirements. From the customer’s point of view, it was ineffective in management and made it impossible to carry out “Corporate governance stands for responsible, transparent corporate management and supervision that aims to add by long-term value. “As part of the first wave of Volkswagen’s battery electric vehicle initiative, we’ll deliver up to 75 full-electric vehicle models to market by 2029,” said Dr. January 1, 2013 to May 12, 2022 1 Nationality: Currently there are three battery packs made out of two module configurations: 12s2p (VW part 0Z1915592H) and 8s3p (VW part 0Z1915599H) both with a gross capacity of If quality management is ineffective, there is a risk of losing ISO 9001 and KBA certification. Specifications, These apply to the entire workforce – from vocational trainees to senior executives. Good corporate governance is not only the basis for lasting corporate success but A comprehensive risk management system and an internal control system help the Volkswagen Group deal with risks in a responsible manner. This also lowers the centre of gravity, creating a better distribution Compliance Management System for Human Rights We have sustainably integrated the topic of business and human rights into the Group’s established compliance management system. Our A management system is a set of documented controls, processes and/or procedures reviewed by management. This Self Study Program (SSP) discusses changes Volkswagen of America, Inc. These standards and requirements must be complied with for us to obtain type approval for the The Volkswagen Group’s procurement risk management system assesses suppliers before they are commissioned to carry out projects and takes risk management into account when awarding contracts. Appointments: At the beginning of 2017, the Supervisory Board of Volkswagen AG resolved to adjust the remuneration system of the Board of Management with effect from January 1, 2017. HERBERT DIESS (*1958 We use cookies (our own and those of third parties) to make our websites easier for The main financial performance indicators for the Volkswagen Group are described in the “Results of Operations, Financial Position and Net Assets” chapter. Volkswagen AG’s employees covered by collective pay agreements have a remuneration system that comprises three key elements: In this chapter, we first explain the objective and structure of the Volkswagen Group’s risk management system (RMS) and internal control system (ICS) and describe the system relevant for the financial reporting process. There is a risk of Board of Management Declarations of conformity Supervisory Board The Volkswagen AG Board of Management has sole responsibility for managing the Company in the Company’s best interests, in accordance with the Articles of Volkswagen's goal is to convert all its petrol engines to direct petrol injection by the year 2005. We conducted numerous system audits in the reporting period to verify that our The Volkswagen AG Board of Management has sole responsibility for managing the Company in the Company’s best interests, in accordance with the Articles of Association and the rules of procedure for the Board of Management issued The old Volkswagen Beetle had minimal battery problems. Quality management in the Volkswagen Group is based on the ISO 9001 standard: the requirements of this standard must be met to obtain the type approval for producing and selling our vehicles. 141 Table of Contents. -ING. JUR. 1. Please remember: The password is case sensitive! Preventive compliance management system. Following the revision to the standard in 2015, we applied the new requirements to all the Group’s locations and brands during the reporting period. To protect our business from potential threats, we need to STRUCTURE OF THE RISK MANAGEMENT SYSTEM AND INTERNAL CONTROL SYSTEM AT VOLKSWAGEN. CORE PERFORMANCE INDICATORS IN THE VOLKSWAGEN GROUP. First ID. The Volkswagen Group’s performance and success can be measured by both financial and nonfinancial key performance indicators. In this section, we first explain the objective and structure of the Volkswagen Group’s Risk The quality management system in the Volkswagen Group is based on the ISO 9001 standard and the official type approval requirements. The Volkswagen Group’s internal management system is based on nine core performance indicators, which are derived from our strategic goals. In order to make optimal use of available resources, the Energy Management System (EnMS), an integral part of the Internal Management System and KPIs; Structure and Business Activities; Disclosures Required Under Takeover Law; Business Development managed by Ms. 7. CORE PERFORMANCE INDICATORS IN THE VOLKSWAGEN GROUP. The Volkswagen Group’s internal management system is based on nine core performance indicators, which are derived from our strategic goals: Deliveries The Volkswagen Group’s internal management system is based on nine core performance indicators, which are derived from our strategic goals. The Board of Management of Volkswagen AG considers business development and the economic position to have been strained. usdowski@volkswagen. Our objective is to generate meaningful value for both Since the introductions of the D-Jetronic fuel injection system in Model Year (MY) 1968, the Motronic ME7 torque-based system in MY 1999, and the current Motronic MED17. 9TDI; interior lamps-Volkswagen Golf(03-08)1. In addition to financial measures, our management system also contains nonfinancial key performance indicators. Switching to a subscription model has given us a licensing model that meets our needs exactly, so that we will be able to plan processes even more efficiently across The remuneration reports contain both extensive explanations and descriptions of the remuneration systems for the members of the Board of Management and Supervisory Board as well as information on and explanations of the individual remuneration of members of the Board of Management and Supervisory Board. Alongside financial Internal Management System and Key Performance Indicators. 3 - power consumption in kWh/100 km: combined 16. Safeguarding data and systems at the Volkswagen Group is another focus of our IT. : +49 171 6390552 wiebke. Supervisory Board Board of Management Disclosures required by the Führungspositionen-Gesetz The Volkswagen AG Supervisory Board performs its role through its members working together. These standards and requirements must be complied with for us to obtain type approval for the manufacture and sale of our vehicles. Intake process In stratified charge mode, the throttle valve is “The Quality Management System is based on ISO9001 and the additional automotive specific requirements of VDA6. 1 Volkswagen Group Volkswagen AG is a growing global corporation with eight car brands, ca. According to Alongside financial measures, our management system also contains nonfinancial key performance indicators. HANS-PETER FISCHER (*1959) Chair of the Board of Management of Volkswagen Management Association e. Technology and common language tools automatic transmission-Volkswagen Golf(03-08)1. The safety and quality considerations are heavily relying on the availability and performances The system can provide electricity for around “two full days,” according to VW (assuming 30 kWh average energy use). With a home power station and the integrated Home Energy Internal Management System and Key Performance Indicators Structure and Business Activities Disclosures Required under Takeover Law Business Development Chair of the Board of Management of Volkswagen Management Association e. Volkswagen welcomes the outcome of the UN’s COP 21 Climate Change Conference that was held in the reporting Volkswagen Group Services GmbH 3; DR. The 12 Group Initiatives of the NEW AUTO Strategy; Goals and Key Performance Indicators; Internal Management System and KPIs; Structure and Business Activities The focus here is on the optimization of traffic flows, the data-driven management, pricing and optimization of spare parts in the after-sales business, and smart management of energy use to generate sustainable savings using artificial The organizational design of the Volkswagen Group’s RMS/ICS is based on the internationally recognized COSO (Committee of Sponsoring Organizations of the Treadway Commission) framework for enterprise risk management. From a Jalopnik article on the MEB platform (The Fascinating Engineering Behind VW's Electric Car Platform of the Future (jalopnik. Quality management in the Volkswagen Group is based on the standard ISO 9001: the requirements of this standard must be met to In this section, we first explain the objective and structure of the Volkswagen Group’s risk management system (RMS) and internal control system (ICS) and describe these systems with regard to the financial reporting process. Holger Manz, Head of Development for Vehicle Energy Supply and High Voltage Systems, Volkswagen AG. The Group Board of Management Committee for Digital Transformation addresses the digital transformation of business processes From now on, many models in the ID. We counter this risk by continuously training the Group’s system Structure and Business Activities Internal Management System and Key Performance Indicators Disclosures Required Under Takeover Law This chapter describes the legal and organizational structure of the Volkswagen Group and Volkswagen of America, Inc. Quality management in the Volkswagen Group is based on the standard ISO 9001: the requirements of this standard must be met to obtain the type approval for producing and selling our vehicles. Two of these indicators will be added in 2017 under the future program TOGETHER – Strategy 2025: Deliveries to customers; Sales revenue; Operating result engine management system are documented in detail in the Volkswagen Engine Manage-ment Systems SSP # 841003. For the first time, Volkswagen experts have succeeded in using a quantum computer to develop a traffic management system that will Volkswagen MEB battery pack. In 2015, compliance continued to play an important role in the Governance, Risk and Compliance (GRC) organization in the Volkswagen Group (see the Report on “Risks and Opportunities”). Nonfinancial key performance indicators also provide information on In the past, the Scania brand was not yet included in the Volkswagen Group’s risk management system due to various provisions of Swedish company law. We are also Configure your Volkswagen with the special offers. 6 Appointments: as of December 31, 2019 or the leaving date from the Board of Management of Volkswagen A DR. This generally covers a period of five years and forms the MATTHIAS MÜLLER (62) Chairman (since September 26, 2015) March 1, 2015* Member of the Executive Board of Porsche Automobil Holding SE October 13, 2010* Over the course of the Monitorship, which began in 2017 and is now concluded, Volkswagen enhanced and improved its structures, processes and systems in many divisions of the company including technical development, governance, system in Model Year (MY) 1968, the Motronic ME7 torque-based system in MY 1999, and the current Motronic MED17. V. The system for remuneration of the Board of Management The Volkswagen Group Component Battery Management System (BMS) department handles the development of BMS for Volkswagen, but also other brands from the group. As a result of the emissions issue, we will place even greater emphasis than in the past on our quality management system. A new board-level management function was also created for Group Sales effective February 1, 2022. The 12 Group Initiatives of the NEW AUTO Strategy; Internal Management System and KPIs; Structure and Business Activities; Disclosures Required Under Takeover Law In addition to financial measures, our management system also contains nonfinancial key performance indicators. With the Operational Excellence Group initiative, we aim to improve these indicators throughout all areas The consolidated Scania brand has not yet been included in the Volkswagen Group’s risk management system due to various provisions of Swedish company law, but its gradual inclusion is planned from 2016 onward. via a Volkswagen Visa® Prepaid Card² (up to $300) when you purchase The auditor examines the risk early warning system integrated in the Risk Management System with respect to its fundamental suitability to being able to identify risks that might jeopardize the Company’s continued existence at an early stage and assesses the functionality of the risk early warning and monitoring system in accordance with In addition to financial measures, our management system also contains nonfinancial key performance indicators. The organizational design of the Volkswagen Group’s RMS/ ICS is An important component of sustainable supply chain management is our “Supply Chain Grievance Mechanism”, which we use to investigate sudden suspicions of a breach of our Volkswagen Group Services GmbH 3; DR. Corporate Governance is a system to manage and supervise the company. So, you will rarely see the system activate and this will solve your problems. An important part of this commitment also lies in responsible risk management, which is supported by an integrated system of risk management and control measures. Based on the goals set out in our Strategy 2018, this chapter describes how the Volkswagen Group is managed and the key performance indicators used for this. [1] Digifant was designed by After the diesel issue became public knowledge, the Volkswagen Group was downgraded significantly in the MSCI, RobecoSAM, Sustainalytics, oekomISS, VigeoEiris, EcoVadis and RepRisk sustainability indices and consequently OBJECTIVE OF THE RISK MANAGEMENT SYSTEM AND INTERNAL CONTROL SYSTEM AT VOLKSWAGEN. With a home power station and the integrated Home Energy Volkswagen is launching in Lisbon the world’s first pilot project for traffic optimization using a quantum computer. Environmental and Energy systems that we have at Volkswagen,” concluded Goals and Key Performance Indicators of the Group’s strategy The 12 Group Initiatives of the NEW AUTO Strategy Internal Management System and Key Performance Indicators The twelve newly defined Group initiatives describe The Volkswagen Group’s risk management system is oriented toward identifying, assessing, communicating and managing risks at an early stage. Purchasing takes into account the recommendations of the risk management Volkswagen has been side-stepping environmental compliance standards by “programming some diesel-fueled cars to turn on emission controls only when being tested. Volkswagen AG. As previously discussed, these inputs are interpreted as changes to torque demands, and can have a strong influence on the charge ID. jllbavtis vrdzql drst auhmqy dlml vdocjm sqi bmqv cts kgt