Volvo Financial Services LLC Sustainability Profile
Volvo Financial Services LLC, a key subsidiary of the renowned Volvo Group, is headquartered in the United States and operates extensively across North America and other major regions. Established in 2001, the company has carved a niche in the financial services industry, primarily focusing on providing tailored financing solutions for commercial vehicles and equipment. With a commitment to supporting Volvo's mission of sustainable transport, Volvo Financial Services offers a range of unique products, including flexible leasing options and customised financing plans. Their innovative approach not only enhances customer experience but also strengthens Volvo's market position as a leader in the automotive finance sector. Notable achievements include a strong reputation for reliability and customer service, making them a preferred choice for businesses seeking financial solutions in the transportation industry.
DitchCarbon Score
How does Volvo Financial Services LLC'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 Financial Intermediation 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 Financial Services LLC's score of 85 is higher than 92% 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 Financial Services LLC, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. However, the company is part of a corporate family that includes AB Volvo (publ), from which it inherits emissions data and climate commitments. As a current subsidiary of AB Volvo, Volvo Financial Services aligns with the parent company's sustainability initiatives. AB Volvo has set ambitious targets to reduce carbon emissions across its operations, including Scope 1, 2, and 3 emissions. These targets are part of a broader commitment to achieving significant reductions in greenhouse gas emissions, although specific reduction targets for Volvo Financial Services LLC have not been disclosed. The climate initiatives cascaded from AB Volvo include participation in the Science Based Targets initiative (SBTi) and the Climate Pledge, which aim to align corporate strategies with climate science and promote accountability in emissions reductions. Additionally, AB Volvo is involved in the Climate Action 100+ initiative, further demonstrating its commitment to sustainable practices. While specific emissions figures for Volvo Financial Services LLC are not available, the company's alignment with AB Volvo's climate strategies indicates a commitment to addressing climate change and reducing carbon footprints in the financial services sector.
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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 Financial Services LLC's Industry?
How Carbon Intensive is Volvo Financial Services LLC's Location?
Volvo Financial Services LLC's Scope 3 Categories Breakdown
Volvo Financial Services LLC'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 Financial Services LLC'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 Financial Services LLC 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.
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