Volvo Car Sustainability Profile
Volvo Car Corporation, commonly known as Volvo Cars, is a leading automotive manufacturer headquartered in Gothenburg, Sweden (SE). Founded in 1927, the company has established itself as a pioneer in safety and innovation within the automotive industry. With a strong presence in Europe, North America, and Asia, Volvo Cars focuses on producing premium vehicles that combine advanced technology with sustainable practices. Renowned for its commitment to safety, Volvo Cars offers a range of products, including sedans, SUVs, and electric vehicles, all designed with cutting-edge features and a Scandinavian design ethos. The company has made significant strides towards electrification, aiming for 50% of its global sales to be fully electric by 2025. With numerous accolades for safety and design, Volvo Cars continues to solidify its position as a trusted name in the automotive sector.
DitchCarbon Score
How does Volvo Car'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 Motor Vehicle Manufacturing 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 Car's score of 77 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Volvo Car's reported carbon emissions
In 2024, Volvo Car Group reported total greenhouse gas emissions of approximately 40,892,000,000 kg CO2e, with emissions distributed across various scopes: 59,000,000 kg CO2e (Scope 1), 6,000,000 kg CO2e (Scope 2, market-based), and a significant 40,827,000,000 kg CO2e (Scope 3). The Scope 3 emissions primarily stem from the use of sold products, accounting for about 24,390,000,000 kg CO2e. Volvo has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 GHG emissions by 60% by 2030, using 2019 as the baseline year. Additionally, the company targets a 52% reduction in Scope 3 emissions per vehicle kilometre from the use of sold products by the same year. These targets align with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit temperature rise to well below 2°C. The emissions data for Volvo Car Group is cascaded from its parent company, Volvo Car AB (publ.), reflecting a comprehensive approach to sustainability within the corporate family. The company is committed to transparency and accountability in its climate strategy, with a focus on reducing its overall carbon footprint while promoting sustainable practices across its operations.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 111,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 131,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 42,347,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Volvo Car's Industry?
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Volvo Car's Scope 3 Categories Breakdown
Volvo Car's Scope 3 emissions, which decreased by 4% last year and decreased by approximately 4% since 2018, 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" being the largest emissions source at 60% of Scope 3 emissions.
Top Scope 3 Categories
Volvo Car'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.
Volvo Car 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.
Frequently Asked Questions
Common questions about Volvo Car's sustainability data and climate commitments