Volvo Car

Volvo Cars, based in SE and operating in the Motor vehicles, trailers and semi-trailers industry, reported total carbon emissions of approximately 34.68 billion kg CO2e in 2025. This includes about 32 million kg CO2e from Scope 1 emissions, 2 million kg CO2e from Scope 2 market-based emissions, and approximately 34.65 billion kg CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions in 2025 were the use of sold products (approximately 23.18 billion kg CO2e) and purchased goods and services (approximately 9.85 billion kg CO2e).

Looking at historical data, Volvo Cars' total emissions were approximately 37.53 billion kg CO2e in 2024 and 42.68 billion kg CO2e in 2023.

Volvo Car Group has several climate commitments and targets:

• Climate Neutral Manufacturing: The company aims to achieve climate-neutral manufacturing operations by 2025. In 2022, its manufacturing facilities consumed 66% climate-neutral energy (including 94% climate-neutral electricity).
• Lifecycle Carbon Footprint Reduction: Volvo Cars is targeting a 40% reduction in its lifecycle carbon footprint per car between 2018 and 2025. This includes a 50% reduction in tailpipe emissions, a 25% reduction in supply chain emissions, and a 25% reduction in operational emissions (including logistics and manufacturing).
• Science Based Targets (SBTi): Volvo Car Group's SBTi targets are 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, it 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 targets are consistent with reductions required to keep warming to 1.5°C for Scope 1 and 2, and well-below 2°C for Scope 3 emissions from the use of sold products.
• Supply Chain Emissions: Volvo Cars aims for a 25% reduction in supply chain emissions between 2023 and 2025.