Volvo Car Sustainability Profile
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 82 is higher than 90% 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 2024, Volvo Car reported total greenhouse gas emissions of approximately 40.9 billion kg CO2e, comprising Scope 1 emissions of about 59 million kg CO2e, Scope 2 emissions of approximately 6 million kg CO2e (market-based), and Scope 3 emissions of about 40.8 billion kg CO2e. The previous year, 2023, saw total emissions of approximately 42.7 billion kg CO2e, with Scope 1 at about 73 million kg CO2e, Scope 2 at approximately 9 million kg CO2e (market-based), and Scope 3 at around 42.6 billion kg CO2e. Volvo Car has set ambitious climate commitments, aiming to reduce its lifecycle carbon footprint per vehicle by 40% 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. Additionally, the company has committed to reducing absolute Scope 1 and 2 GHG emissions by 60% by 2030 from a 2019 baseline, and Scope 3 emissions from the use of sold products by 52% per vehicle kilometre by 2030. These targets are part of a broader strategy aligned with the Science Based Targets initiative (SBTi), which aims to keep global warming below 1.5°C. The emissions data and commitments are cascaded from Volvo Car AB (publ.), the parent company, ensuring a unified approach to sustainability across the corporate family.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 111,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 131,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 42,347,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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Volvo Car's Scope 3 Categories Breakdown
Volvo Car's Scope 3 emissions, which decreased by 4% last year and decreased by approximately 4% since 2018, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 60% of Scope 3 emissions.
Top Scope 3 Categories
Volvo Car's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Volvo Car has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Volvo Car's sustainability data and climate commitments