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VTG Unveils Second Sustainability Report: An Uptrend in Sustainable Actions

VTG Unveils Second Sustainability Report: An Uptrend in Sustainable Actions
foto: VTG, RAILTARGET Archive/VTG Unveils Second Sustainability Report: An Uptrend in Sustainable Actions
28 / 08 / 2023

VTG GmbH has published its second Sustainability Report. The document combines hard numbers with selected examples of implemented measures to outline the uptrend in the company’s sustainability performance. The principle of comparability underpins the report, which was prepared and analyzed in compliance with both the 2022 GRI standards and the principles of GRI reporting.

At a time of multiple global crises, rail’s role as a reliable and resilient mode of transport to keep international flows of goods moving could not be more apparent. Yet it is equally clear that sharply defined sustainability goals are needed to safeguard a livable future. Why? Because crises that span the world are driving a transformative structural transition at a very fast pace. They are fueling essential climate debates such as how to realize the energy transition and reinforcing calls for greater social justice. “These developments show us that VTG is on the right track with the sustainability strategy we developed in 2021,” says Sven Wellbrock, Chief Operating Officer at Europe & Chief Safety Officer. “For us, ecological and economic sustainability is about being fit for the future,” adds Chief Financial Officer Mark Stevenson. The services VTG provides play an essential part in the urgently needed transport transition. The company also supports efforts to achieve the EU’s climate change mitigation targets by developing innovative transport solutions – recent examples of which include alternative energy sources such as liquefied natural gas (LNG), hydrogen, and CO2 itself.

Within the framework of a sustainability strategy designed to achieve carbon neutrality by 2040, VTG has set itself clear goals in the three key areas of sustainability: environment, social, and governance (ESG). The extent to which these individual goals are reached is monitored on a very granular level. “As a market leader for energy-efficient and climate-friendly rail freight and as a responsible employer, we are well aware of the need to set a good example,” Stevenson says, stressing that “our sustainable actions are charting a path that will keep the world livable for future generations.” VTG’s Sustainability Report gives a transparent account of what the company has already attained and how it plans to achieve its goals step by step. “We see responsibility as a privilege,” Wellbrock adds, “and our passion for rail gives us a powerful lever with which to actively shape the transport transition.”

Source: VTG