Ab Volvo

AB Volvo, a Swedish company in the Motor vehicles, trailers and semi-trailers industry, reported its 2025 Scope 1 emissions as 203,000,000 kg CO2e. Scope 2 emissions (market-based) for the same year were 54,000,000 kg CO2e. Scope 3 emissions in 2025 included approximately 228,400,000,000 kg CO2e from the use of sold products and 9,200,000,000 kg CO2e from purchased goods and services.

Looking back, in 2024, AB Volvo's Scope 1 emissions were 207,000,000 kg CO2e, and Scope 2 (market-based) were 60,000,000 kg CO2e. Scope 3 emissions in 2024 included approximately 249,000,000,000 kg CO2e from the use of sold products and 9,900,000,000 kg CO2e from purchased goods and services.

AB Volvo has set several climate commitments. The company aims to reduce absolute Scope 1 and Scope 2 GHG emissions by 50% by 2030 from a 2019 base year. There is also a commitment to reduce Scope 1 and Scope 2 emissions to near zero by 2025, according to a 2016 report.

For Scope 3 emissions, AB Volvo aims to reduce absolute GHG emissions from the use of sold construction equipment by 30% by 2030 and from the use of sold industrial & marine engines by 37.5% by 2034, both from a 2019 base year. Additionally, the company commits to reducing Scope 3 GHG emissions from the use of sold heavy duty trucks by 40% per vehicle km by 2030 and from buses by 40% per vehicle km by 2030, also from a 2019 base year. The company has reported achieving a 31% reduction in GHG emissions from products' use phase between 2019 and 2025, and a 24% reduction in GHG emissions from purchased goods and services over the same period.

These targets are validated by the Science Based Targets initiative (SBTi) as consistent with reductions required to keep warming to 1.5°C. AB Volvo is committed to net-zero, with long-term targets for Scope 1, Scope 2, and Scope 3 downstream emissions by 2050.