Aktiebolaget Volvo Penta Sustainability Profile
Aktiebolaget Volvo Penta, commonly known as Volvo Penta, is a leading global manufacturer of engines and power systems, headquartered in Sweden (SE). Established in 1907, the company has evolved significantly, marking key milestones in the marine and industrial sectors. With a strong presence in Europe, North America, and Asia, Volvo Penta focuses on delivering innovative solutions for marine propulsion and power generation. The company’s core products include marine engines, drive systems, and industrial power solutions, distinguished by their reliability and efficiency. Volvo Penta is renowned for its commitment to sustainability and advanced technology, positioning itself as a market leader in the industry. Notable achievements include pioneering developments in hybrid and electric propulsion systems, reinforcing its reputation for innovation and excellence in the global market.
DitchCarbon Score
How does Aktiebolaget Volvo Penta'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.
Industry Average
Mean score of companies in the Machinery and Equipment 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.
Industry Benchmark
Aktiebolaget Volvo Penta's score of 80 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Aktiebolaget Volvo Penta, headquartered in Sweden (SE), currently does not have specific carbon emissions data available for the most recent year. As a current subsidiary of AB Volvo (publ), any emissions data or climate commitments would be inherited from this parent company. Volvo Penta has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, it is important to note that the climate commitments and performance metrics may be aligned with those of AB Volvo (publ), which is actively engaged in sustainability efforts and has set ambitious targets for reducing carbon emissions across its operations. As of now, without specific emissions data or reduction targets, it is unclear how Aktiebolaget Volvo Penta is progressing towards its climate commitments. The company may benefit from the overarching sustainability strategies implemented by its parent organisation, which could influence its own environmental performance in the future.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 273,000,000 | 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 |
How Carbon Intensive is Aktiebolaget Volvo Penta's Industry?
How Carbon Intensive is Aktiebolaget Volvo Penta's Location?
Aktiebolaget Volvo Penta's Scope 3 Categories Breakdown
Aktiebolaget Volvo Penta's Scope 3 emissions, which decreased by 8% last year and decreased by approximately 25% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" representing nearly all of their reported Scope 3 footprint.
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Aktiebolaget Volvo Penta's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Aktiebolaget Volvo Penta has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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