Volvo Car

Volvo Cars, headquartered in Sweden, is a motor vehicle, trailers and semi-trailers manufacturer.

In 2025, Volvo Cars' total reported greenhouse gas emissions were approximately 34.68 billion kg CO2e. This includes Scope 1 emissions of approximately 32 million kg CO2e, Scope 2 emissions (market-based) of around 2 million kg CO2e, and Scope 3 emissions totalling approximately 34.65 billion kg CO2e. Key contributors to Scope 3 emissions included the use of sold products (approximately 23.18 billion kg CO2e) and purchased goods and services (around 9.85 billion kg CO2e).

Looking back, Volvo Cars' total emissions were approximately 37.53 billion kg CO2e in 2024, approximately 42.68 billion kg CO2e in 2023, and approximately 37.94 billion kg CO2e in 2022.

Volvo Car Group has set several near-term Science Based Targets initiative (SBTi) commitments (cascaded from ultimate parent through corporate family relationship, Volvo Car AB (publ.)):

• To reduce absolute Scope 1 and 2 GHG emissions by 60% by 2030, from a 2019 base year. These targets are consistent with reductions required to keep warming to 1.5°C.
• To reduce Scope 3 GHG emissions from the use of sold products by 52% per vehicle kilometre by 2030, from a 2019 base year. This target is consistent with reductions required to keep warming to well-below 2°C.

Additionally, Volvo Cars aims to make its manufacturing operations climate neutral by 2025 and is working towards a 25% reduction in supply chain emissions between 2023 and 2025. The company also targets a 40% reduction in its lifecycle carbon footprint per car between 2018 and 2025, with specific goals including a 50% reduction in tailpipe emissions, a 25% reduction in supply chain emissions, and a 25% reduction in operational emissions (including logistics and manufacturing).