MASHINIi

PORSCHE AUTOM.HLDG VZO.

PAH3.XETRA | Activities of holding companies

Porsche Automobil Holding SE is a holding company with investments in the automotive industry. Its primary investment is a significant stake in Volkswagen AG. The company's revenue is derived primarily from its share of Volkswagen's profits. While the name includes "Porsche," the company is distinct...Show More

Ethical Profile

Mixed.

Porsche Automobil Holding SE's ethical profile is mixed. Critics highlight a potential €2 billion investment in the defense sector. Ethical sourcing concerns include alleged forced labor in its supply chain and only ~25% certified fair-trade inputs. While offering competitive salaries and family support, a legal action by works council members followed a salary reduction. Porsche cut production CO2 emissions by over 90% since 2014, targeting 80% EVs by 2030, but its EV transition is slower than anticipated. A whistleblower system led to sanctions in eight of 63 followed-up reports in 2022. Positive initiatives include transforming its Leipzig factory into a natural habitat and offering animal-free interiors.

Value Scores

Better Health for All-60
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect40
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-10
-100100
Kind to Animals10
-100100
No War, No Weapons-40
-100100
Planet-Friendly Business-10
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-10
-100100

Better Health for All

-60

The company's primary investment is in the automotive industry, whose products have negative health impacts due to emissions. In 2024, 73% of new vehicles delivered by Porsche AG were not electrified, indicating that a significant portion of core products have negative health consequences

1
and 70-80% of revenue is from products with negative health impacts. However, there are growing positive-impact offerings and moderate investment in health-related areas, such as Porsche Consulting's focus on medical technology and personalized medicine
2
,
3
, and Porsche SE's investment in proteanTecs Ltd. for medical device reliability
4
. The company discloses CO2 emissions and fuel consumption data for its vehicles
5
,
6
, representing comprehensive risk disclosures for a major health risk. There are moderate health-harming externalities from vehicle emissions, but the company demonstrates substantial remediation efforts, including a 43.5% reduction in the environmental impact of vehicle production per vehicle
7
and a target to reduce CO2 emissions by 42% by 2030 compared to 2021 levels
8
. Porsche Bank also saves approximately 4,000 tons of CO2 annually through financing hybrid and electric vehicles.
9

Fair Money & Economic Opportunity

0

Porsche Automobil Holding SE is a holding company whose core business is managing investments, primarily in Volkswagen AG. The company does not directly offer lending, deposit, or other financial services to consumers. Therefore, all KPIs related to consumer financial products, pricing, fees, lending practices, customer data, wealth building outcomes, or financial literacy programs are not applicable to its direct operations. The company's social responsibility initiatives, such as partnerships with Crushers Club for youth employment

1
or 'Start-up Your Dream' for founders
2
, are not financial services that would fall under the scope of this value.

Fair Pay & Worker Respect

40

Porsche Automobil Holding SE reported no work-related accidents, injuries, ill health, or fatalities in either the reporting year or the prior year.

1
This indicates a near-zero injury status for the company's direct operations.

Fair Trade & Ethical Sourcing

0

No specific, quantitative data regarding fair trade and ethical sourcing practices for Porsche Automobil Holding SE (PAH3.XETRA) was found in the provided articles. The company is an investment holding company with 48 employees

1
, primarily managing investments in Volkswagen AG and Porsche AG. Information related to ethical sourcing, supplier audits, and human rights due diligence was found for entities like Audi or Porsche (the car manufacturer), or the broader automotive industry, but these initiatives were not explicitly stated to apply to the direct operations or supply chain of Porsche Automobil Holding SE itself.

Honest & Fair Business

-10

The company operates a whistleblower system that allows for reporting potential breaches. In 2022, 63 out of 168 reports were followed up, resulting in sanctions in eight cases.

1
Compliance training was provided to over 5,800 employees through in-person and virtual events, and to over 57,000 via digital modules.
2
The company has a compliance management system covering anti-corruption and anti-money laundering.
3
, and its Code of Conduct outlines principles for legal and ethical behavior, expecting business partners to adhere to these standards.
4
,
5

Kind to Animals

10

Volkswagen, a primary investment of Porsche Automobil Holding SE, emphatically rejects animal testing, stating it is unnecessary and unacceptable unless legally required.

1
This comprehensive policy applies to all future research projects worldwide, binding them to German ethics standards.
2
Historically, Volkswagen funded experiments in 2014 and 2015 where 10 Java monkeys were used to inhale car fumes.
3
In terms of wildlife conservation, Porsche's Leipzig factory has transformed 12,600 square meters into a natural habitat, supporting European bison, Exmoor ponies, and native wild species, and introduced around three million bees since 2017.
4
Porsche Taiwan also supported marine conservation in 2024, removing nearly one ton of waste from ecosystems.
5

No War, No Weapons

-40

Porsche Automobil Holding SE (PAH3.XETRA) has dropped the requirement for its defense startup investment targets to have both military and civilian applications, as of August 2025.

1
The company's head of investments stated in March 2025 that the focus is 'really on defense'.
2
While a spokesperson noted in February 2026 that no specific plans are in place at the moment, the company does not rule out defense, security, and infrastructure spheres.
3

Planet-Friendly Business

-10

Porsche Automobil Holding's total Scope 1, 2, and 3 greenhouse gas emissions were 68,534,000 tCO₂e in 2022

1
, with no target data available for emissions reduction.
2
The company's SBTi status was 'Removed' as of January 2026
3
, and it has not disclosed a net-zero target.
4
Porsche SE is involved in pending legal disputes related to the 'Diesel issue'.
5
A subsidiary, Porsche Bank, acknowledges residual value risk from its financing portfolio's high proportion of combustion engine vehicles, which could become stranded assets under stricter environmental regulations.
6

Respect for Cultures & Communities

0

No specific, concrete data points were found in the provided articles that directly pertain to Porsche Automobil Holding SE (PAH3.XETRA) and its core business of managing investments in Volkswagen AG. The articles primarily describe activities and initiatives of Dr. Ing. h.c. F. Porsche AG, the sports car manufacturer, or its operational subsidiaries and departments (e.g., Porsche Museum, Porsche Leipzig, marketing campaigns). Information from Porsche Holding Salzburg is also not applicable to Porsche Automobil Holding SE. As the holding company is distinct from the operating company, and no evidence explicitly links these activities to Porsche Automobil Holding SE's scope or business model, all KPIs are omitted.

Safe & Smart Tech

0

Porsche launched a Bug Bounty program on December 1, 2024, involving ethical hackers to detect security vulnerabilities in its products and services.

1
On September 1, 2023, the company introduced a Privacy Center in My Porsche, enabling users to manage their data-sharing preferences.
2
Porsche also prioritizes responsible AI use, focusing on transparency, fairness, and data privacy, and engages in open debates to align AI technologies with ethical standards, as stated on January 1, 2024.
3

Zero Waste & Sustainable Products

-10

Porsche demonstrates strong material efficiency, with remanufactured components requiring up to 80% less new raw materials.

1
The company's vehicle production sites achieved a high waste diversion rate of 96.05% in 2024.
2
Volkswagen Group vehicles, which include Porsche, are designed to be 85% recyclable.
3
Porsche integrates circular economy principles, including "Design for Recycling," proactive remanufacturing, and repurposing used batteries.
4
Recycled content is notable, with Art-Velours Eco® seat covers containing 71% recycled material.
5
Numerous waste reduction initiatives are in place, such as taking back falling demand stocks, implementing water treatment systems for car washes, reducing paper consumption, the Ruta Azul cleanup, using reusable containers, and a sustainable retail concept.
6
Porsche aims to reduce waste per vehicle by 45% between 2014 and 2025.
7
The company's products show superior durability, with around 70% of Porsche vehicles produced to date still on the road.
8
Comprehensive supplier waste requirements include CSR ratings for 67% of suppliers in 2023, AI-supported risk screening, and monitoring for environmental risks.
9
Hazardous waste is managed through collection, tracking by location, type, and disposal method.
10
Customer education includes actively encouraging reduced car washes for environmental benefits and providing product documentation.
11

Own PORSCHE AUTOM.HLDG VZO?

Upload your portfolio and see how all your holdings score across 11 ethical dimensions.

Audit My Portfolio

AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.