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Public Profile
Motor Vehicle Manufacturing
SE
updated a month ago

Ab Volvo

Company website

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.

78

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.

22

Industry Benchmark

Ab Volvo's score of 78 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.

93%

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Ab Volvo's reported carbon emissions

In 2024, AB Volvo reported total carbon emissions of approximately 209,000,000 kg CO2e for Scope 1, 60,000,000 kg CO2e for Scope 2 (market-based), and 249,000,000 kg CO2e for Scope 3 emissions related to the use of sold products. This reflects a decrease in Scope 1 emissions from 228,000,000 kg CO2e in 2023 and 243,000,000 kg CO2e in 2022. The company has set ambitious targets to achieve near-zero emissions for both Scope 1 and Scope 2 by 2025. AB Volvo is committed to significant long-term reductions, aiming for a 50% decrease in absolute Scope 1 and 2 GHG emissions by 2030 from a 2019 baseline. Additionally, it 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 through substantial emission reductions across all scopes. The data is sourced directly from AB Volvo (publ) and does not cascade from any parent organization.

Unlock detailed emissions data

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

20082009201020112012201320142015201620172018201920202021202220232024
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
000,000,000
000,000,000
000,000,000
000,000,000
Scope 2
-
-
-
-
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
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

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. This request for Ab Volvo is in SE, which has a very low grid carbon intensity relative to other regions.

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.

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

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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