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Company Profile

Company NameVOLVO CAR GROUP

HeadquartersSweden

SectorAutomobile

Stock TickerVOLCAR B

CATI

60.10 / 100

Rank NO.34  / 800

CITI

25.14 / 100

Rank NO.68  / 800

View details

Climate and Environment Commitments

* Progress towards emission reduction targets is calculated based on the company’s covered emissions in the base year and the most recent reporting year. The progress is calculated as: (emissions in the most recent year - emissions in the base year) ÷ emissions in the base year, expressed as a percentage.

Other Commitments

    Emissions

    * Sources of emissions data include but are not limited to: (1) companies’ official websites, annual reports, CSR, ESG, and other sustainability reports; and (2) companies’ publicly disclosed responses to the CDP Climate Change Questionnaire. IPE gives priority to information disclosed in companies’ regular sustainability reports.

    Scope 1, 2, 3 Emissions

    GHG EMISSIONS BY YEAR

    Unit: Mt CO2e
    * 1) For Scope 2, visualizations prioritize displaying market-based emissions data when available. 2) For Scope 3, visualizations prioritize using the company’s self-disclosed total emissions data. If only category-level data are disclosed, the total Scope 3 emissions are calculated by summing the disclosed subcategories.

    Scope 3 Emissions

    GHG EMISSIONS BY CATEGORY

    Unit: Mt CO2e
    * Scope 3 emission categories are presented in accordance with the GHG Protocol: Corporate Accounting and Reporting Standard. If a company has not reported its data following this classification, or has only disclosed percentage figures, the data are not displayed on this page.

    Carbon Management

    1. Scope 3 (Value Chain)
    2. Scope 1+2

    • Pledged Policies

      1. Achieved
      2. Not achieved

      Company has incorporated policies regarding supplier energy conservation, emissions reduction, and carbon accounting and reporting into written documents such as the supplier code of conduct

      Company offers capacity building and financial incentives, and/or launches innovative projects for suppliers to reduce emissions

    • Emissions Measurement & Disclosure

      1. Achieved
      2. Not achieved

      Company has publicly disclosed its scope 3 emissions

      Company collects supplier carbon emissions data on a regular basis

      Company has publicly disclosed product carbon footprint

    • Carbon Targets Setting

      1. Achieved
      2. Not achieved

      Company has publicly disclosed its ongoing scope 3 emission reduction targets

      Company has publicly disclosed its scope 3 carbon neutrality target

      Company has set sepcific targets on promoting suppliers (at least those in China) to set their own emission reduction targets

    • Performance against Carbon Targets

      1. Achieved
      2. Not achieved

      Company has publicly disclosed progress made against its scope 3 emission reduction targets

      Company has publicly disclosed progress made against its scope 3 carbon neutrality target

      Company employs Blue EcoChain or other automated methods to track target setting progress of its suppliers (at least those in China)

    • Value Chain Climate Action

      1. Achieved
      2. Not achieved

      Company has motivated steel and aluminum suppliers to undertake emission reduction actions

      Company has motivated battery suppliers to undertake emission reduction actions

      Company has motivated other material or component suppliers to undertake emission reduction actions

      Company has launched emission reduction initiatives with logistics suppliers

      Company has established an end-of-life recycling mechanism to recycle and utilize scrapped vehicles, waste batteries, or other components

      Steel and aluminum suppliers have disclosed annual carbon emissions data and/or set reduction targets

      Battery suppliers have disclosed annual carbon emissions data and/or set reduction targets

      Other material or component suppliers have disclosed annual carbon emissions data and/or set reduction targets

      Company employs Blue EcoChain or other automated methods to empower upstream suppliers on supply chain carbon management

    • Pledged Policies

      1. Achieved
      2. Not achieved

      Company has made a commitment to phase out the sale of fuel-powered vehicles

      Company has developed corporate carbon neutrality plan and management system

    • Emissions Measurement & Disclosure

      1. Achieved
      2. Not achieved

      Company has publicly disclosed its scope 1&2 emissions

      Company has publicly disclosed its carbon intensity

    • Carbon Targets Setting

      1. Achieved
      2. Not achieved

      Company has set and publicly disclosed its ongoing Scope 1&2 emission reduction targets or energy consumption targets

      Company has publicly disclosed its scope 1&2 carbon neutrality target

    • Performance against Carbon Targets

      1. Achieved
      2. Not achieved

      Company has publicly disclosed progress made towards its Scope 1 & 2 emissions reduction targets or energy consumption targets

      Company has disclosed progress made against its scope 1&2 carbon neutrality target

    • Climate Action

      1. Achieved
      2. Not achieved

      Implement non-fossil energy utilization or green electricity procurement projects, and disclose the emission reduction of the projects

      Implement energy monitoring and management projects

      Implement energy efficiency improvement technology application projects, and disclose the emission reduction of the projects

      Company has developed low-carbon product design

      OEMs, joint ventures, and afiliates have disclosed carbon emissions data and/or set reduction targets

    1. All achieved
    2. Partially achieved
    3. Not yet achieved

    Note

    • Source of Information

      Sources of emissions data include but are not limited to: (1) companies’ official websites, annual reports, CSR, ESG, and other sustainability reports; and (2) companies’ publicly disclosed responses to the CDP Climate Change Questionnaire. IPE gives priority to information disclosed in companies’ regular sustainability reports.


      Progress towards Targets

      Progress towards emission reduction targets is calculated based on the company’s covered emissions in the base year and the most recent reporting year. The progress is calculated as: (emissions in the most recent year - emissions in the base year) ÷ emissions in the base year, expressed as a percentage.


      Emissions Data
      1) For Scope 2, visualizations prioritize displaying market-based emissions data when available.
      2) For Scope 3, visualizations prioritize using the company’s self-disclosed total emissions data. If only category-level data are disclosed, the total Scope 3 emissions are calculated by summing the disclosed subcategories.

      3) Scope 3 emission categories are presented in accordance with the GHG Protocol: Corporate Accounting and Reporting Standard. If a company has not reported its data following this classification, or has only disclosed percentage figures, the data are not displayed on this page.


      Accuracy of Information
      This page is dynamically updated by IPE. We strive to present the most accurate and up-to-date data based on publicly available information. If corrections are needed, please contact gsc@ipe.org.cn.
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