- Geopolitical turmoil
- Continued supply chain disturbances
- Cost inflation
- Fluctuating demand for products and services
- Intense competition
- Evolving regulations
- Political and social uncertainty
- Transitional risks related to decarbonization
- Availability of battery cells and charging infrastructure
- Cybersecurity risks
AB Volvo (publ)
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, AB Volvo (publ) disclosed greenhouse gas emissions of 266 million tons (Scope 3.11). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
266 million tons (Scope 3.11)
2023
✅ Reported Environmental Achievements
- All business areas are in serial production of heavy-duty electric vehicles and machines.
- Deliveries of fully electric vehicles and machines grew by 128% to 4,996 units.
- Reduced total CO₂ emissions per net sales (scope 1 & 2) to 0.6 tons/SEK M from 0.7 tons/SEK M in 2022.
- Set climate targets in line with the Paris Agreement, validated by the Science Based Targets initiative.
🎯 Climate & Sustainability Targets
📅 Medium-term
- At least 35% electric vehicles by 2030
- Reduce emissions per vehicle km by 40% by 2030 (Trucks and Buses)
- Reduce absolute emissions by 30% by 2030 (Construction Equipment)
- Reduce absolute emissions by 37.5% by 2034 (Volvo Penta)
- Reduce absolute emissions by 50% by 2030 (Own Operations)
🔭 Long-term
- Net-zero greenhouse gas emissions by 2040
- Enable customers to have net-zero rolling fleets by 2050
🌱 ESG Focus Areas
Climate ChangeSafetyHuman RightsBusiness EthicsEmployee Well-beingDiversity & Inclusion