Volvo
Volvo Group, a leading name in the automotive and commercial vehicle industry, is headquartered in Gothenburg, Sweden (SE). Founded in 1927, the company has established itself as a pioneer in manufacturing trucks, buses, construction equipment, and marine and industrial engines. With a strong presence in Europe, North America, and Asia, Volvo is renowned for its commitment to safety, sustainability, and innovation. The company’s core products include heavy-duty trucks and advanced construction machinery, distinguished by their cutting-edge technology and eco-friendly designs. Volvo's dedication to reducing environmental impact has positioned it as a market leader in sustainable transport solutions. Notable achievements include numerous awards for safety and design, reinforcing its reputation as a trusted brand in the global automotive landscape.
DitchCarbon Score
How does 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.
Industry Average
Mean score of companies in the Construction Work 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
Volvo's score of 13 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Volvo's reported carbon emissions
As of 2022, Volvo's total carbon emissions amounted to approximately 30,328,000,000 kg CO2e, with emissions distributed across various scopes: 67,000,000 kg CO2e from Scope 1, 6,000,000 kg CO2e from Scope 2, and 30,328,000,000 kg CO2e from Scope 3. Over the years, Volvo has demonstrated a commitment to reducing its carbon footprint. In 2019, the company reported Scope 1 emissions of 87,000,000 kg CO2e, which decreased to 72,000,000 kg CO2e by 2021. Similarly, Scope 2 emissions remained stable at 6,000,000 kg CO2e from 2020 to 2022. However, Scope 3 emissions have shown a slight decline from 38,262,000,000 kg CO2e in 2019 to 30,328,000,000 kg CO2e in 2022. Despite these reductions, there are currently no specific reduction targets or initiatives disclosed by Volvo, such as those aligned with the Science Based Targets initiative (SBTi). The company continues to focus on its climate commitments, aiming to enhance sustainability across its operations.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 220,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 192,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 3,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
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.
Volvo is not committed to any reduction initiatives 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.
