Public Profile

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.

65

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.

18

Industry Benchmark

Ab Volvo's score of 65 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.

99%

Ab Volvo's reported carbon emissions

In 2023, AB Volvo reported total greenhouse gas emissions of approximately 294,000,000 kg CO2e, which includes 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 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. These commitments align with the Science Based Targets initiative (SBTi) and reflect AB Volvo's dedication to addressing climate change and reducing its carbon footprint across all scopes of emissions. The company continues to focus on sustainable practices and innovation to meet these targets, contributing to a greener future in the automotive industry.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2012201320142015201620172018201920202021202220232024
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Ab Volvo's primary industry is Motor vehicles, trailers and semi-trailers (34), which is medium in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Ab Volvo is headquartered in SE, which has a rank of very low, indicating very low grid carbon 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero

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