Volvo Car AB
Volvo Car's GHG Emissions Data Preview
In 2024, Volvo Car completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Volvo Car has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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bVerified Sources Behind Volvo Car’s Greenhouse Gas (GHG) Emissions 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.
Insights into Volvo Car's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Volvo Car amounted to 226,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Volvo Car decreased by 15.67%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Volvo Car's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Volvo Car's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Volvo Car were 59,000 metric tons of CO₂ equivalent (tCO₂e). a
Has Volvo Car reduced its Scope 1 emissions over time?
Since 2018, Volvo Car's Scope 1 emissions have decreased by 46.85%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2023), Volvo Car's Scope 1 emissions decreased by 19.18%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Volvo Car's Scope 2 emissions?
In 2024, Volvo Car reported Scope 2 greenhouse gas (GHG) emissions of 6,000 tCO₂e using the market-based method and 167,000 tCO₂e using the location-based method. a
Has Volvo Car reduced its Scope 2 emissions over time?
Since 2018, Volvo Car's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 33.73%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2023), Volvo Car's Scope 2 emissions (Location-Based) fell by 14.36% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
What methodology does Volvo Car use for Scope 2 reporting?
In 2024, Volvo Car reported its Scope 2 emissions using the market-based method and using the location-based method. a
Volvo Car's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Volvo Car's Value Chain Emissions
In 2024, Volvo Car reported 40,827,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of Volvo Car includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, down from 10 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a
Volvo Car's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Volvo Car's Scope 3 emissions?
In 2024, Volvo Car reported total Scope 3 emissions of 40,827,000 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 38.22% of these emissions originated from upstream activities such as purchased goods and capital goods, while 61.78% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Volvo Car reduced its Scope 3 emissions over time?
Since 2018, Volvo Car's Scope 3 emissions have remained relatively stable, indicating that Volvo Car 's emissions have plateaued with no significant change in its value chain footprint. a b
Compared to the previous year (2023), Volvo Car's Scope 3 emissions remained relatively stable, indicating that Volvo Car 's emissions have plateaued with no significant change in its value chain footprint. a b
What categories of Scope 3 emissions does Volvo Car disclose?
In 2024, Volvo Car reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Volvo Car's Scope 3 emissions?
In 2024, the largest contributors to Volvo Car's Scope 3 emissions were: a
- Use of Sold Products (Cat. 11): 24,390,000 tCO₂e (59.74%)
- Purchased Goods and Services (Cat. 1): 14,363,000 tCO₂e (35.18%)
- Upstream Transportation and Distribution (Cat. 4): 1,129,000 tCO₂e (2.77%)
Volvo Car's Scope 3 Emissions by Categories
Insights into Volvo Car’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Volvo Car reported Scope 1 greenhouse gas (GHG) emissions of 59,000 tCO₂e and total revenues of USD 36,319 millions. This translates into an emissions intensity of 1.62 tCO₂e per millions USD. a
Volvo Car's Scope 1 Emissions Intensity Compared to Peers
How does Volvo Car's GHG emissions intensity compare to its peers?
In 2024, Volvo Car reported a Scope 1 emissions intensity of 1.62 tCO₂e per millions USD. Compared to the peer group median of 5.76 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Volvo Car rank on GHG emissions intensity within its industry?
In 2024, Volvo Car ranked 4 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Volvo Car among the top performers, with one of the lowest emissions intensities relative to peers. a
Insights into Volvo Car's Total Carbon Footprint
In 2024, Volvo Car reported a total carbon footprint of 41,053,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.25% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a b
The largest contributor to Volvo Car's total carbon footprint was Scope 3 emissions, accounting for 99.45% of the company's total carbon footprint, followed by Scope 2 emissions at 0.41%. a