As of 2025, 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 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) | -60%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 - 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 - Franchises (Cat. 14) | Metric Tonnes of CO2 equivalent (mtCO2e) | -90%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 - Franchises (Cat. 14) | Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Vehicle Produced/Manufactured | -30%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 - Franchises (Cat. 14) | Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Vehicle Produced/Manufactured | -25%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 | -50%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 | -25%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 - Franchises (Cat. 14) | Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Vehicle Produced/Manufactured | -65%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 - Franchises (Cat. 14) | Metric Tonnes of CO2 equivalent (mtCO2e) per Unit of Vehicle Produced/Manufactured | -30%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 | -85%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 | -30%a | 2030 |
Intensity-based Target | Scope 3 - Use of Sold Products (Cat. 11) | Metric Tonnes of CO2 equivalent (mtCO2e) per Vehicle Kilometer | -52%a | 2030 |
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As of 2025, 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
As of 2025, 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 2025 levels falling below the 2030 value, achieving its climate goal ahead of schedule.a
As of 2025, 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 41,870,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018, by 90% by 2040.a
As of 2025, Volvo Car is lagging behind on its total carbon footprint reduction target, having achieved 19.08% of the planned reduction.a