Volvo Car AB
Volvo Car's Climate Target Data Preview
As of 2024, Volvo Car has disclosed 11 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 9 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Volvo Car ’s climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Downstream Transportation and Distribution (Cat. 9), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7), Scope 3 - Upstream Leased Assets (Cat. 8), Scope 3 - Use of Sold Products (Cat. 11), Scope 3 - End-of-Life Treatment of Sold Products (Cat. 12), Scope 3 - Downstream Leased Assets (Cat. 13), Scope 3 - Franchises (Cat. 14) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2040 |
Intensity-based Target* | Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7), Scope 3 - Use of Sold Products (Cat. 11), Scope 3 - End-of-Life Treatment of Sold Products (Cat. 12), Scope 3 - Downstream Leased Assets (Cat. 13), Scope 3 - Franchises (Cat. 14) | Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Vehicle Produced/Manufactured | Copy restricted. Please purchase to unlock this data.  a | 2025 |
Intensity-based Target | Scope 1 - Total, Scope 2 - Total, Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7), Scope 3 - End-of-Life Treatment of Sold Products (Cat. 12), Scope 3 - Downstream Leased Assets (Cat. 13), Scope 3 - Franchises (Cat. 14) | Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Vehicle Produced/Manufactured | Copy restricted. Please purchase to unlock this data.  a | 2025 |
Intensity-based Target* | Scope 3 - Use of Sold Products (Cat. 11) | Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Vehicle Produced/Manufactured | Copy restricted. Please purchase to unlock this data.  a | 2025 |
Intensity-based Target | Scope 3 - Purchased Goods and Services (Cat. 1) | Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Vehicle Produced/Manufactured | Copy restricted. Please purchase to unlock this data. a | 2025 |
Intensity-based Target* | Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7), Scope 3 - Use of Sold Products (Cat. 11), Scope 3 - End-of-Life Treatment of Sold Products (Cat. 12), Scope 3 - Downstream Leased Assets (Cat. 13), Scope 3 - Franchises (Cat. 14) | Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Vehicle Produced/Manufactured | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Intensity-based Target | Scope 1 - Total, Scope 2 - Total, Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7), Scope 3 - End-of-Life Treatment of Sold Products (Cat. 12), Scope 3 - Downstream Leased Assets (Cat. 13), Scope 3 - Franchises (Cat. 14) | Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Vehicle Produced/Manufactured | Copy restricted. Please purchase to unlock this data. a | 2030 |
Intensity-based Target | Scope 3 - Use of Sold Products (Cat. 11) | Metric Tonnes of CO2 equivalent (mtCO2e) per Vehicle Kilometer | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Intensity-based Target* | Scope 3 - Use of Sold Products (Cat. 11) | Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Vehicle Produced/Manufactured | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Intensity-based Target | Scope 3 - Purchased Goods and Services (Cat. 1) | Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Vehicle Produced/Manufactured | Copy restricted. Please purchase to unlock this data. a | 2030 |
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Verified Sources Behind Volvo Car’s Climate Targets Data
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Insights into Volvo Car's Greenhouse Gas Emissions Pathways
As of 2024, Volvo Car has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a
Does Volvo Car have a target to reduce the emissions from its operations?
As of 2024, Volvo Car has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a
Volvo Car's most ambitious operational target is to reduce these emissions by 60% by 2030, compared to a baseline of 253,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019. a
Volvo Car has already surpassed its operational emissions reduction target, with 2024 levels falling below the 2030 value, achieving its climate goal ahead of schedule. a
Volvo Car's Operational (Scope 1+2) Emissions Pathway
Does Volvo Car have a target to reduce its total carbon footprint?
As of 2024, Volvo Car has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources. a
Volvo Car's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 42,589,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018, by 90% by 2040. a
As of 2024, Volvo Car is lagging behind on its total carbon footprint reduction target, having achieved 4.42% of the planned reduction. a