Ab Volvo

Ab Volvo's reported carbon emissions

AB Volvo (SE), a major player in the motor vehicles, trailers, and semi-trailers industry, has reported significant carbon emissions and established ambitious climate commitments. **Emissions Data:** For the reporting year 2025, AB Volvo's reported emissions include: * **Scope 1:** Approximately 203,000,000 kg CO2e * **Scope 2 (Market-based):** Approximately 54,000,000 kg CO2e * **Scope 3 (Use of sold products):** Approximately 228,400,000,000 kg CO2e * **Scope 3 (Purchased goods and services):** Approximately 9,200,000,000 kg CO2e * **Total Scope 1 & 2 (Market-based):** Approximately 257,000,000 kg CO2e In 2024, total emissions were: * **Scope 1:** Approximately 207,000,000 kg CO2e * **Scope 2 (Market-based):** Approximately 60,000,000 kg CO2e * **Scope 3 (Use of sold products):** Approximately 249,000,000,000 kg CO2e * **Scope 3 (Purchased goods and services):** Approximately 9,900,000,000 kg CO2e * **Total Scope 1 & 2 (Market-based):** Approximately 267,000,000 kg CO2e Historical emissions data shows a general trend of reduction in Scope 1 and Scope 2 emissions over the years, with Scope 1 emissions decreasing from approximately 256,000,000 kg CO2e in 2019 to 203,000,000 kg CO2e in 2025, and Scope 2 (market-based) emissions reducing from 126,000,000 kg CO2e in 2019 to 54,000,000 kg CO2e in 2025. Scope 3 emissions, particularly from the use of sold products, remain substantial. **Climate Commitments and Reduction Initiatives:** AB Volvo has set significant climate targets, aligned with a 1.5°C pathway as recognised by the Science Based Targets initiative (SBTi). Key commitments include: * **Near-term Targets:** * Achieve near-zero Scope 1 and Scope 2 emissions by 2025. * Reduce absolute GHG emissions by 50% by 2030, using 2019 as a base year. This target covers all scopes. * Reduce absolute Scope 3 emissions from the use of sold construction equipment by 30% by 2030 and from industrial & marine engines by 37.5% by 2034, both from a 2019 base year. * Reduce Scope 3 GHG emissions per vehicle kilometre for heavy-duty trucks by 40% by 2030 and for buses by 40% by 2030, from a 2019 base year. * Reduce GHG emissions from the use phase of products by 31% between 2019 and 2025. * Reduce GHG emissions from purchased goods and services by 24% between 2019 and 2025 through supply chain decarbonisation efforts. * **Long-term Targets:** * Achieve net-zero emissions across its value chain by 2050. AB Volvo is actively engaged in supplier collaboration to decarbonise its value chain, sourcing lower-carbon materials, and designing for lower-carbon components and products to meet these targets. The company has also committed to reducing CO2 emissions of its new heavy-duty vehicles by 15% by 2025 compared to 2019 data.