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 67 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Ab Volvo's reported carbon emissions
In 2023, AB Volvo reported total carbon emissions of approximately 228,000,000 kg CO2e for Scope 1 and 66,000,000 kg CO2e for Scope 2, with an additional 272,000,000 kg CO2e attributed to Scope 3 emissions from the use of sold products. This reflects a commitment to significant reductions in greenhouse gas emissions, with a target to cut absolute Scope 1 and 2 emissions by 50% by 2030 from a 2019 baseline. Additionally, the company aims to reduce Scope 3 emissions from the use of sold construction equipment by 30% and from industrial and marine engines by 37.5% by 2034, also from a 2019 base year. For heavy-duty trucks and buses, the target is a 40% reduction in emissions per vehicle kilometre by 2030. AB Volvo's emissions data indicates a proactive approach to climate commitments, aligning with industry standards for sustainability. The company has set these targets under the Science Based Targets initiative (SBTi), demonstrating its dedication to mitigating climate change and transitioning towards a more sustainable operational model.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 committed to some reduction initiatives 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.
