Volvo Car

Volvo Car's reported carbon emissions

Volvo Car AB (publ.), headquartered in Sweden, is committed to reducing its carbon emissions across its value chain. The company has set ambitious targets, including a 60% reduction in absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 2030, using a 2019 base year. This target is considered consistent with the 1.5°C warming scenario. Furthermore, Volvo Cars aims for a 52% reduction in Scope 3 GHG emissions from the use of sold products, measured per vehicle kilometre, also by 2030 from a 2019 baseline, aligning with a Well-below 2°C scenario. Recent emissions data indicates the following: * **2025:** Total emissions are approximately 34,679,000,000 kg CO2e. This includes Scope 1 emissions of about 32,000,000 kg CO2e, Scope 2 emissions (market-based) of approximately 2,000,000 kg CO2e, and substantial Scope 3 emissions totalling around 34,645,000,000 kg CO2e. The largest contributor within Scope 3 is the use of sold products, estimated at 23,184,000,000 kg CO2e, followed by purchased goods and services at approximately 9,854,000,000 kg CO2e. * **2024:** Total emissions were approximately 37,533,000,000 kg CO2e. Scope 1 emissions were about 59,000,000 kg CO2e, Scope 2 (market-based) around 6,000,000 kg CO2e, and Scope 3 emissions totalled approximately 37,468,000,000 kg CO2e. * **2023:** Total emissions stood at approximately 42,677,000,000 kg CO2e. Scope 1 emissions were around 73,000,000 kg CO2e, Scope 2 (market-based) at about 9,000,000 kg CO2e, and Scope 3 emissions reached approximately 42,595,000,000 kg CO2e. Volvo Cars is also working towards making its manufacturing operations climate neutral by 2025. In 2022, manufacturing facilities consumed 66% climate-neutral energy, including 94% climate-neutral electricity, with total CO2 emissions amounting to 95,500 tonnes. The company has also committed to a 25% reduction in supply chain emissions between 2023 and 2025. Overall, Volvo Cars aims to reduce its lifecycle carbon footprint per car by 40% between 2018 and 2025, through reductions in tailpipe emissions, supply chain emissions, and operational emissions. Emissions data for Volvo Cars is cascaded from its parent organisation, Volvo Car AB (publ.).