Ab Volvo

AB Volvo, a leading motor vehicle manufacturer headquartered in Sweden, has reported substantial carbon emissions across its operations. In 2025, the company's total reported emissions were approximately 238.4 billion kg CO2e, comprising Scope 1 emissions of about 203 million kg CO2e, Scope 2 emissions of roughly 54 million kg CO2e (market-based), and significant Scope 3 emissions, including about 228.4 billion kg CO2e from the use of sold products and 9.2 billion kg CO2e from purchased goods and services.

In 2024, AB Volvo reported total emissions of approximately 258.9 billion kg CO2e. This included Scope 1 emissions of around 207 million kg CO2e, Scope 2 emissions of approximately 60 million kg CO2e (market-based), and substantial Scope 3 emissions, with about 249 billion kg CO2e from the use of sold products and 9.9 billion kg CO2e from purchased goods and services.

The company is actively pursuing climate commitments. AB Volvo has set a target to reduce its absolute greenhouse gas (GHG) emissions by 50% by 2030, with a 2019 base year. This includes targets for Scope 1 and 2 emissions, aiming for a 50% reduction. Furthermore, AB Volvo is working to reduce Scope 3 emissions from the use of sold products, with specific goals for construction equipment (30% by 2030), industrial and marine engines (37.5% by 2034), heavy-duty trucks (40% per vehicle km by 2030), and buses (40% per vehicle km by 2030).

Earlier commitments included aims to reduce Scope 1 and Scope 2 emissions to near zero by 2025. The company also aims for a long-term net-zero target for Scope 1 and 2 emissions by 2050, and for its downstream Scope 3 emissions by the same year. AB Volvo's decarbonisation efforts extend to engaging with supply partners to reduce upstream value chain emissions, including sourcing lower carbon materials and designing for lower carbon components and products.