Volvo Car
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 36 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Volvo Car's reported carbon emissions
In 2023, Volvo Car Group reported total carbon emissions of approximately 43,059,000,000 kg CO2e, with Scope 1 emissions at about 73,000,000 kg CO2e and Scope 2 emissions at approximately 179,000,000 kg CO2e. The company has set ambitious targets to reduce its greenhouse gas emissions, committing to a 60% reduction in absolute Scope 1 and 2 emissions by 2030, using 2019 as the baseline year. Additionally, Volvo aims to decrease Scope 3 emissions from the use of sold products by 52% per vehicle kilometre by the same year. Historically, Volvo's emissions have varied, with significant figures reported in previous years. For instance, in 2018, total emissions reached about 42,582,000,000 kg CO2e, while in 2020, they were approximately 34,282,000,000 kg CO2e. The company has disclosed emissions across all three scopes, with Scope 3 emissions being particularly substantial, reflecting the impact of their products throughout their lifecycle. Volvo's climate commitments align with industry standards, aiming to keep global warming below 1.5°C. The company has not yet committed to a net-zero target but continues to work towards significant reductions in its carbon footprint.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2013 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 236,000,000 | - | - | 000,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 243,000,000 | - | - | 000,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 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 Car is committed to some 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.
