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Volkswagen's Definition Of Sustainability

1517 Words7 Pages

To use resources without affecting other people, planet, and economy in a bad way and still be able to preserve resources for future generations is Dr. Ramesh‘s definition of sustainability. Sustainability is the priority in today’s business, so the TBL (Triple Bottom Line) was introduced to ensure that the businesses are sustainable.The TBL consists of 3 parts, which is company’s impact on planet, people, and profit. Every company, big or small, will have these three Ps in their statement to indicate how their company affects people, planet, and how their company is doing in terms of financial’s situation. Volkswagen also has these lines on their statement to inform their sustainability. This essay will discuss the impact from Volkswagen on planet, people, and profit. Introducing, Volkswagen, a German automobile manufacturer operating worldwide. Their goal is to produce a good looking, safe, and good for environment vehicle (Volkswagen, 2014). Volkswagen was established in May 28, 1937 by a Nazi organization under Adolf Hitler’s command known as The German Labor Front (History, n.d.). Hitler’s original idea was to create a automobile that was affordable with a good performance. VW’s headquarter is in Wolfsburg, Germany. VW made about 254 billion U.S. dollars in 2014 (Statista, N.d.). Volkswagen is most commonly used in Europe and they operate in 119 factories in 20 European Country (Volkswagen, 2014). VW manufacturer many other famous car brands such as Audi, Lamborghini,

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