Volvo Car

Volvo Car, headquartered in Sweden, is a motor vehicle manufacturer. In 2025, Volvo Car's total carbon emissions were approximately 34.68 billion kg CO2e. This includes Scope 1 emissions of 32 million kg CO2e, Scope 2 market-based emissions of 2 million kg CO2e, and Scope 3 emissions of approximately 34.65 billion kg CO2e. Key contributors to Scope 3 emissions included use of sold products (23.18 billion kg CO2e) and purchased goods and services (9.85 billion kg CO2e).

Looking back, their total emissions were approximately 37.53 billion kg CO2e in 2024, approximately 42.68 billion kg CO2e in 2023, approximately 37.94 billion kg CO2e in 2022, approximately 44.53 billion kg CO2e in 2021, approximately 42.59 billion kg CO2e in 2020, and approximately 44.53 billion kg CO2e in 2019.

Volvo Car has set ambitious climate commitments, with Science Based Targets initiative (SBTi) approved targets cascaded from its ultimate parent, Volvo Car AB (publ.). The company commits to reducing absolute Scope 1 and 2 GHG emissions by 60% by 2030 from a 2019 base year. Additionally, Volvo Car aims to reduce Scope 3 GHG emissions from the use of sold products by 52% per vehicle kilometre by 2030 from a 2019 base year. These near-term targets for Scope 1 and 2 emissions align with a 1.5°C global warming scenario, while those for Scope 3 use of sold products align with a well-below 2°C scenario.

Volvo Car also aims to make its manufacturing operations climate neutral by 2025. In 2022, its manufacturing facilities consumed 66% climate-neutral energy, including 94% climate-neutral electricity. Furthermore, Volvo Car targets a 25% reduction in supply chain emissions between 2023 and 2025. The company also aims to reduce its lifecycle carbon footprint per car by 40% between 2018 and 2025, achieved through a 50% reduction in tailpipe emissions, 25% reduction in supply chain emissions, and 25% reduction in operational emissions (including logistics and manufacturing).