Volvo Car

Volvo Cars: Carbon Emissions and Climate Commitments

Volvo Cars, headquartered in SE, is committed to significant emissions reductions across its value chain. In 2025, the company reported approximately 34.7 billion kg CO2e in total emissions. This figure is comprised of approximately 32 million kg CO2e for Scope 1, approximately 2 million kg CO2e for Scope 2 (market-based), and roughly 34.6 billion kg CO2e for Scope 3. Key contributors to Scope 3 emissions include approximately 23.2 billion kg CO2e from the use of sold products and about 9.9 billion kg CO2e from purchased goods and services.

Looking at historical data, Volvo Cars reported approximately 37.5 billion kg CO2e in 2024 and approximately 42.7 billion kg CO2e in 2023.

Volvo Cars has set ambitious climate targets. The company aims to achieve a 25% reduction in supply chain emissions by 2025. Furthermore, Volvo Cars is working towards making its manufacturing operations climate-neutral by 2025. In alignment with Science Based Targets initiative (SBTi) commitments, Volvo Car Group has pledged to reduce absolute Scope 1 and 2 Greenhouse Gas (GHG) emissions by 60% by 2030, using a 2019 base year. Additionally, they commit to reducing Scope 3 GHG emissions from the use of sold products by 52% per vehicle kilometre by 2030, also from a 2019 base year. These Scope 1 and 2 targets are consistent with reductions required to keep warming to 1.5°C, while the Scope 3 targets are consistent with keeping warming well-below 2°C.

The emissions data for Volvo Cars is inherited from its corporate parent, Volvo Car AB (publ.).