Ab Volvo

AB Volvo (SE) is a motor vehicle manufacturer with a clear commitment to reducing its carbon emissions. For 2025, the company reported a total of approximately 237.4 billion kg CO2e in emissions. This includes Scope 1 emissions of approximately 203 million kg CO2e, Scope 2 emissions of approximately 54 million kg CO2e (market-based), and substantial Scope 3 emissions, with "use of sold products" accounting for about 228.4 billion kg CO2e and "purchased goods and services" at approximately 9.2 billion kg CO2e.

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

The company has set ambitious reduction targets. AB Volvo aims for near-zero Scope 1 and Scope 2 emissions by 2025. Looking further ahead, the company has committed to reducing absolute GHG emissions by 50% by 2030 against a 2019 baseline. This includes a commitment to reduce Scope 1 and 2 emissions by 50% by 2030, and Scope 3 emissions from the use of sold construction equipment by 30%, industrial and marine engines by 37.5% by 2034, heavy-duty trucks by 40% per vehicle km by 2030, and buses by 40% per vehicle km by 2030. Furthermore, AB Volvo has a long-term ambition for net-zero emissions across its value chain by 2050. Notably, between 2019 and 2025, the company has reduced GHG emissions from the use phase of its products by 31% and from purchased goods and services by 24%.