Ab Volvo
Ab Volvo, commonly known as Volvo Group, is a leading multinational corporation headquartered in Gothenburg, Sweden (SE). Founded in 1927, the company has established itself as a key player in the automotive and transport industries, with a strong focus on commercial vehicles, construction equipment, and marine and industrial engines. Volvo Group is renowned for its commitment to innovation and sustainability, offering a diverse range of products including trucks, buses, and construction machinery that prioritise safety and environmental performance. With a significant presence in Europe, North America, and Asia, the company has achieved notable milestones, such as pioneering advancements in electric and autonomous vehicle technology. As a market leader, Volvo Group continues to set industry standards, driven by a dedication to quality and customer satisfaction, making it a trusted name in the global transport and construction sectors.
DitchCarbon Score
How does Ab Volvo's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Motor Vehicle Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ab Volvo's score of 80 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ab Volvo's reported carbon emissions
In 2023, AB Volvo reported total carbon emissions of approximately 294,000,000 kg CO2e, comprising 228,000,000 kg CO2e from Scope 1 and 66,000,000 kg CO2e from Scope 2 emissions. The company has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 50% by 2030, using 2019 as the baseline year. Additionally, AB Volvo targets a 30% reduction in Scope 3 emissions from the use of sold construction equipment and a 37.5% reduction from industrial and marine engines by 2034. For heavy-duty trucks and buses, the company aims for a 40% reduction in emissions per vehicle kilometre by 2030. Historically, AB Volvo's emissions have fluctuated, with Scope 1 emissions peaking at 291,000,000 kg CO2e in 2012 and Scope 2 emissions reaching 260,000,000 kg CO2e in the same year. The company has consistently reported emissions across all relevant scopes, demonstrating transparency in its environmental impact. AB Volvo's commitment to sustainability aligns with industry standards, as it is a member of the Science Based Targets initiative (SBTi), reinforcing its dedication to reducing greenhouse gas emissions in line with climate science. The company's long-term vision includes achieving net-zero emissions by 2050, further solidifying its role as a leader in the transition to a low-carbon economy.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 291,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 260,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ab Volvo is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
