Volvo Car AB (publ.) designs, develops, manufactures, markets, and sells cars in Sweden and internationally. The company offers battery electric vehicles; non-battery electric vehicles, such as plug-i... Volvo Car AB (publ.) designs, develops, manufactures, markets, and sells cars in Sweden and internationally. The company offers battery electric vehicles; non-battery electric vehicles, such as plug-in hybrid, mild hybrid, and internal combustion engine cars; and electrified cars, as well as SUV, estate, and saloon cars. It also provides vehicle parts and accessories, as well as provides maintenance contracts, extended warranties, connectivity, and in-car software services. The company offers cars under the Volvo Cars, Audi, BMW, Lexus, Mercedes, Tesla, and other brands name. The company was founded in 1927 and is headquartered in Gothenburg, Sweden. Volvo Car AB (publ.) is a subsidiary of Geely Sweden Holdings AB.
In 2024, Volvo Car was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Volvo Car has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Volvo Car are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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Total Taxonomy Aligned A1 Turnover
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Total Taxonomy Eligible A Turnover
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Total Taxonomy Non-Eligible B Turnover
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Total Taxonomy Aligned A1 Opex
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Total Taxonomy Eligible A Opex
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Total Taxonomy Non-Eligible B Opex
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3.3 CCM/CCA - Manufacture of low carbon technologies for transport
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2021 - 2017
Total Taxonomy Aligned A1 Capex
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Total Taxonomy Eligible A Capex
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Total Taxonomy Non-Eligible B Capex
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3.3 CCM/CCA - Manufacture of low carbon technologies for transport
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Limited Data Preview
You are viewing a limited preview of Volvo Car’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories (A1, A2, A, B, and A+B), at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind Volvo Car’s EU Taxonomy Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Volvo Car’s data sources below and access millions more through our Disclosure Search.
a. Volvo Car's Annual Report 2024
b. Volvo Car's Annual Report 2023
c. Volvo Car's Annual Report 2022
Insights into Volvo Car's Revenues from Sustainable Activities
In 2024, Volvo Car reported EU Taxonomy-eligible revenues of SEK 365.24 billion, representing 91% of its total turnover. Of this amount, SEK 0 of Volvo Car's revenues was classified as EU Taxonomy-aligned, indicating that 0% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Insights into Volvo Car's CAPEX from Sustainable Activities
In 2024, Volvo Car reported EU Taxonomy-eligible CAPEX of SEK 63.10 billion,representing 95% of its total CAPEX. Of this amount, SEK 15.11 billion of Volvo Car's CAPEX was classified as EU Taxonomy-aligned, indicating that 23% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Volvo Car's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Volvo Car's increased its investment in sustainable activities over time?
Compared to the previous year (2023), Volvo Car's taxonomy-aligned CAPEX increased by 91.67%,highlighting Volvo Car's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.a, b
How much of Volvo Car's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Volvo Car reported that SEK 63.10 billion of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 95% of the company's total CAPEX. Of this amount, SEK 15.11 billion (23% of total CAPEX) was classified as Taxonomy-aligned. This means that 72% of Volvo Car's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Volvo Car's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Volvo Car reported that SEK 15.11 billion of its CAPEX was aligned under the EU Taxonomy, representing 23% of its total capital investment.a
This moderate level of alignment indicates that Volvo Car is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Volvo Car's Eligibility & Alignment Overview
Volvo Car's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Volvo Car's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Volvo Car reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 23%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Volvo Car is investing in climate-related solutions?
In 2024, Volvo Car allocated SEK 15.33 billion of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 23% of the company's total capital expenditure,indicating that Volvo Caris moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.a
Insights into Volvo Car's OPEX from Sustainable Activities
In 2024, Volvo Car reported EU Taxonomy-eligible OPEX of SEK 8.64 billion,representing 94% of its total operating expenses (OPEX). Of this amount, SEK 743.00 million of Volvo Car's OPEX was classified as EU Taxonomy-aligned, indicating that 8% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Volvo Car's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Volvo Car's increased its spending in sustainable activities over time?
Compared to the previous year (2023), Volvo Car's taxonomy-aligned OPEX increased by 14.29%,highlighting Volvo Car's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.a, b
How much of Volvo Car's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Volvo Car reported that SEK 8.64 billion of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 94% of the company's total OPEX. Of this amount, SEK 743.00 million (8% of total OPEX) was classified as Taxonomy-aligned. This means that 86% of Volvo Car's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Volvo Car's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Volvo Car reported that SEK 743.00 million of its OPEX was aligned under the EU Taxonomy, representing 8% of its total operational expenditure.a
This low alignment reflects limited operational focus on green activities, suggesting that sustainability considerations have yet to be fully integrated into core operating processes.
Volvo Car's Eligibility & Alignment Overview
Volvo Car's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Volvo Car's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Volvo Car reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 8%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Volvo Car's operational budget supports climate-related solutions?
In 2024, Volvo Car allocated SEK 732.16 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 8% of the company's total OPEX,indicating that Volvo Carhas only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.a
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