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 61 is higher than 97% 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 2023, Volvo Car Group reported total carbon emissions of approximately 43,059,000,000 kg CO2e. This figure includes Scope 1 emissions of about 73,000,000 kg CO2e, Scope 2 emissions of approximately 7,000,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 42,000,000,000 kg CO2e. The largest components of Scope 3 emissions were from the use of sold products, accounting for about 26,135,000,000 kg CO2e. Volvo has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas 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 warming to well below 2°C. In 2022, Volvo's total emissions were approximately 38,017,000,000 kg CO2e, indicating a rise in emissions from the previous year. The company continues to focus on reducing its carbon footprint through various initiatives and commitments, reflecting its dedication to sustainability and climate action.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 95,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 93,000,000 | 000,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 47,509,000,000 | 00,000,000,000 | 00,000,000,000 | 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 participating in some of the initiatives that 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.
