Volvo Car Corporation Sustainability Profile
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 74 is higher than 85% 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, headquartered in Sweden (SE), currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of Volvo Car AB (publ.), which may influence its climate commitments and reporting. Despite the absence of detailed emissions figures, Volvo Car Corporation is committed to sustainability and has inherited various climate initiatives from its parent company, Volvo Car AB (publ.). These initiatives include targets set under the Science Based Targets initiative (SBTi) and participation in the Carbon Disclosure Project (CDP), both of which are cascaded from the parent organisation. Volvo Car Corporation is focused on reducing its carbon footprint and aligning with industry standards for climate action. The company is actively working towards ambitious climate goals, although specific reduction targets or achievements have not been disclosed at this time. In summary, while specific emissions data is not available, Volvo Car Corporation is part of a broader commitment to sustainability through its relationship with Volvo Car AB (publ.), which includes adherence to recognised climate initiatives and targets.
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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 Corporation's Scope 3 Categories Breakdown
Volvo Car Corporation'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 Corporation'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 Corporation has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
