Ab Volvo
Ab Volvo, commonly known as Volvo Group, is a leading multinational corporation headquartered in Gothenburg, Sweden (SE). Founded in 1927, the company has established itself as a key player in the automotive and transport industries, with a strong focus on commercial vehicles, construction equipment, and marine and industrial engines. Volvo Group is renowned for its commitment to innovation and sustainability, offering a diverse range of products including trucks, buses, and construction machinery that prioritise safety and environmental performance. With a significant presence in Europe, North America, and Asia, the company has achieved notable milestones, such as pioneering advancements in electric and autonomous vehicle technology. As a market leader, Volvo Group continues to set industry standards, driven by a dedication to quality and customer satisfaction, making it a trusted name in the global transport and construction sectors.
DitchCarbon Score
How does Ab Volvo'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
Ab Volvo's score of 78 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ab Volvo's reported carbon emissions
In 2024, AB Volvo reported total carbon emissions of approximately 209,000,000 kg CO2e for Scope 1, 60,000,000 kg CO2e for Scope 2 (market-based), and 249,000,000 kg CO2e for Scope 3 emissions related to the use of sold products. This represents a slight decrease in Scope 1 emissions from 2023, where they were about 228,000,000 kg CO2e, and a reduction in Scope 3 emissions from 272,000,000 kg CO2e in the same year. AB Volvo has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. Additionally, the company has committed to a 50% reduction in absolute Scope 1 and 2 GHG emissions by 2030 from a 2019 baseline. For Scope 3 emissions, AB Volvo targets a 30% reduction from the use of sold construction equipment and a 37.5% reduction from the use of sold industrial and marine engines by 2034, also from a 2019 baseline. Furthermore, they aim for a 40% reduction in Scope 3 emissions per vehicle kilometre for heavy-duty trucks and buses by 2030. These targets align with the Science Based Targets initiative (SBTi) and reflect AB Volvo's commitment to achieving net-zero emissions in the long term. The company is actively working towards these goals, demonstrating a strong commitment to sustainability and climate action within the automotive industry.
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| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 291,000,000 | 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 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | - | - | - | 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 | 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 |
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.
Ab Volvo is participating in some 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.
