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 industry, specialising in the manufacture of trucks, buses, construction equipment, and marine and industrial engines. With a strong presence in Europe, North America, and Asia, Volvo Group is renowned for its commitment to sustainability and innovation. The company’s core products, including the iconic Volvo trucks and advanced construction machinery, are distinguished by their focus on safety, efficiency, and environmental responsibility. Volvo Group has achieved significant milestones, including pioneering developments in electric and autonomous vehicle technology, solidifying its position as a market leader in the global transport sector.
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 49 is higher than 97% 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 greenhouse gas 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. The company has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 emissions by 50% by 2030 from a 2019 baseline. 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 2030 and 2034, respectively. For heavy-duty trucks and buses, the company aims for a 40% reduction in emissions per vehicle kilometre by 2030. These targets align with the Science Based Targets initiative (SBTi) and reflect AB Volvo's commitment to achieving significant reductions in greenhouse gas emissions across its operations and product lifecycle.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
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.
