Volvo Construction Equipment AB Sustainability Profile
Volvo Construction Equipment AB, a prominent player in the construction machinery industry, is headquartered in Sweden (SE). Founded in 1832, the company has established itself as a leader in the design and manufacture of high-quality construction equipment, including excavators, wheel loaders, and compactors. With a strong presence in Europe, North America, and Asia, Volvo CE is renowned for its commitment to sustainability and innovation. The company’s core products are distinguished by their advanced technology and focus on operator comfort, safety, and environmental responsibility. Notable achievements include pioneering developments in electric and hybrid machinery, positioning Volvo CE as a forward-thinking leader in the industry. With a reputation for reliability and performance, Volvo Construction Equipment continues to shape the future of construction, making significant contributions to infrastructure development worldwide.
DitchCarbon Score
How does Volvo Construction Equipment AB'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 Salt and Mineral Mining 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 Construction Equipment AB's score of 83 is higher than 94% 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 Construction Equipment AB, headquartered in Sweden (SE), currently does not report specific carbon emissions data for the most recent year, as no emissions figures are available. However, the company is part of a broader corporate family under AB Volvo (publ), which influences its climate commitments and targets. As a current subsidiary of AB Volvo (publ), Volvo Construction Equipment AB aligns with the sustainability initiatives and reduction targets set by its parent company. These initiatives include commitments to the Science Based Targets initiative (SBTi) and other climate-related pledges, although specific reduction targets for Volvo Construction Equipment AB are not detailed. The company is engaged in various sustainability efforts, including participation in the Climate Pledge and the Carbon Disclosure Project (CDP), which are part of its overarching strategy to mitigate climate impact. The cascading of climate commitments from AB Volvo (publ) ensures that Volvo Construction Equipment AB adheres to industry-standard climate terminology and practices. In summary, while specific emissions data for Volvo Construction Equipment AB is not available, the company is committed to sustainability through its affiliation with AB Volvo (publ) and its participation in significant climate initiatives.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 273,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 260,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000 | 000,000,000,000 | 000,000,000,000 |
How Carbon Intensive is Volvo Construction Equipment AB's Industry?
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Volvo Construction Equipment AB's Scope 3 Categories Breakdown
Volvo Construction Equipment AB's Scope 3 emissions, which decreased by 8% last year and decreased by approximately 25% since 2019, 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" representing nearly all of their reported Scope 3 footprint.
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Volvo Construction Equipment AB'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 Construction Equipment AB 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.
