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 61 is higher than 80% 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 emissions across all scopes: Scope 1 emissions were about 73,000,000 kg CO2e, Scope 2 emissions totalled approximately 7,000,000 kg CO2e (market-based), and Scope 3 emissions accounted for a significant 42,879,000,000 kg CO2e. Notably, the largest contributors to Scope 3 emissions were the use of sold products, which alone generated about 26,135,000,000 kg CO2e, followed by purchased goods and services at approximately 14,588,000,000 kg CO2e. In comparison, the previous year, 2022, saw total emissions of around 38,017,000,000 kg CO2e, with Scope 1 emissions at about 74,000,000 kg CO2e and Scope 2 emissions (market-based) at approximately 39,000,000 kg CO2e. The Scope 3 emissions for 2022 were similarly substantial, totalling around 37,904,000,000 kg CO2e. Volvo Car Corporation has not disclosed specific reduction targets or initiatives as part of its climate commitments. However, it is important to note that the emissions data is cascaded from its parent company, Volvo Car AB (publ.), indicating a structured approach to sustainability within the corporate family. The company is committed to addressing its carbon footprint, although specific targets or pledges have not been outlined in the available data. Overall, Volvo Car Corporation's emissions reflect a significant environmental impact, with a clear need for ongoing efforts to reduce carbon emissions across all scopes, particularly in Scope 3, which constitutes the majority of their total emissions.
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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.
