- Geopolitical turmoil
- Continued supply chain disturbances
- Cost inflation
- Supply chain disruptions
- Fluctuating demand for products and services
- Intense competition
- Evolving regulations
- Political and social uncertainty
- Transition risks related to decarbonization
- 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 (2023). By scope: Scope 3: approximately 95% of lifecycle emissions. 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 (2023)
2023
Energy Use
4.4 MWh/SEK M (Industrial Operations)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | approximately 95% of lifecycle emissions |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 266 million tons (2023) |
| 2021 | 286 million tons (2021) |
| 2020 | 0.8 tons/SEK M (scope 1 & 2) |
| 2019 | 113.0K tCO2e/year (Scope 1 & 2) |
| 2018 | 421.0K tons/year (Scope 1 & 2) |
| 2017 | 399.0K tons/year (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ 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.
- Volvo Trucks' Volvo FH Electric was selected as “International Truck of the Year 2024”.
🎯 Climate & Sustainability Targets
📅 Medium-term
- Reduce emissions per vehicle-kilometer 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)
- At least 35% electric vehicles by 2030
🔭 Long-term
- Net-zero greenhouse gas emissions by 2040
- Enable customers to have net-zero rolling fleets by mid-century
🌱 ESG Focus Areas
Climate ChangeEnvironmentEmployees and WorkforceCustomer and End-User SafetyHuman RightsBusiness Ethics and Compliance