Volvo Car Corporation
Volvo Car Corporation, commonly referred to as Volvo Cars, is a renowned automotive manufacturer headquartered in Gothenburg, Sweden (SE). Established in 1927, the company has a rich history marked by significant milestones, including its pioneering safety innovations and commitment to sustainability. Operating primarily in Europe, North America, and Asia, Volvo Cars focuses on the design and production of premium vehicles, including sedans, SUVs, and electric models. The brand is distinguished by its emphasis on safety, quality, and environmental care, with a vision to become a fully electric car manufacturer by 2030. Volvo Cars has consistently maintained a strong market position, recognised for its advanced safety features and cutting-edge technology. With a legacy of excellence, Volvo continues to lead the automotive industry towards a more sustainable future.
DitchCarbon Score
How does Volvo Car Corporation'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 Corporation's score of 56 is higher than 79% 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 Corporation's reported carbon emissions
In 2023, Volvo Car Corporation 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, primarily from mobile combustion, and Scope 2 emissions of about 7,000,000 kg CO2e (market-based). The majority of their emissions, approximately 36,986,000,000 kg CO2e, fall under Scope 3, which encompasses various categories such as the use of sold products (about 26,135,000,000 kg CO2e) and purchased goods and services (approximately 14,588,000,000 kg CO2e). Comparatively, in 2022, the total emissions were about 38,017,000,000 kg CO2e, indicating a rise in emissions year-on-year. The company has not disclosed specific reduction targets or initiatives as part of their climate commitments, and there are no SBTi (Science Based Targets initiative) reduction targets reported. Volvo Car Corporation's emissions data is cascaded from its parent company, Volvo Car AB (publ.), reflecting a corporate family relationship. The emissions data and performance metrics are sourced from the latest sustainability reports, ensuring transparency in their environmental impact assessments. Overall, Volvo Car Corporation is committed to addressing its carbon footprint, although specific reduction strategies and targets remain unspecified.
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| 2018 | 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 95,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 93,000,000 | 000,000,000 | 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 |
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 Corporation is not participating in any 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.
