By Maitane Sardon

Volkswagen AG said Thursday that it is raising its targets for the emissions produced from the manufacture of its vehicles.

By 2030, the German company said it will aim to cut by half the so-called scope 1 and 2 emissions from its production facilities and the energy it consumes, using 2018 as a baseline. It was previously targeting a 30% reduction by 2030.

Volkswagen said the new targets have been approved by the Science Based Targets Initiative, an organization that vets corporate climate plans.

Write to Maitane Sardon at maitane.sardon@wsj.com

(END) Dow Jones Newswires

April 21, 2022 07:03 ET (11:03 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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