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Volvo Car AB

Common Name
Volvo Car
Country
Sweden
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Employees
39,800
Ticker
VOLCAR B
Exchange
Nasdaq Stockholm
Description
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's Waste Data Preview

In 2023, Volvo Car conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.

Metric (tonnes)2023202220212020-2019
Total Waste Generated
316,471a
270,208a
296,047a
Total Waste Recovered
281,659.19a
251,293.44a
278,284.18a
Total Hazardous Waste Generated
12,793a
11,090a
10,928a
Non-Hazardous Waste Disposed
N/AN/AN/A
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Verified Sources Behind Volvo Car’s Waste Management 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.

a. Volvo Car's Annual Report 2023

Insights into Volvo Car's Waste Treatment Practices

In 2023, Volvo Car generated a total of 316,471metric tonnes of waste.a

Of this amount, 89% of Volvo Car's total waste generated was recovered through methods such as recycling, reuse, or composting, while 11% was disposed of through landfilling, incineration, or combustion.a

Volvo Car's Waste Recovery Rate

89%

How much of Volvo Car's waste is recycled or recovered?

In 2023, Volvo Car reported a total waste generation of 316,471 metric tonnes, of which 89% was recovered through recycling, reuse, or composting.This high recovery rate suggests that Volvo Car has implemented strong circular economy practices and actively prioritizes sustainable waste management.a

Has Volvo Car reduced its environmental waste footprint over time?

Since 2021, Volvo Car's total waste generation increased by 6.9%, including a 17.12%increase in 2023, indicating a persistent upward trend that may reflect scaling operations, inefficiencies in resource use, or a lack of effective waste minimization practices.a

Over the same period, Volvo Car's waste recovery rate declined by 5.32%, with a further 4.3% drop in 2023, underscoring a weakening in waste diversion performance and a potential drift away from circular waste strategies.a

Overall, Volvo Car is generating more waste while simultaneously backsliding on recovery efforts, both in the short and long term. This dual negative trend raises concerns about the company’s waste management priorities and its alignment with sustainability goals.

Volvo Car’s Waste Recovery vs. Disposal Over Time

202120222023080 k160 k240 k320 ktonnes
  • Total Waste Disposed
  • Total Waste Recovered

Insights into Volvo Car’s Generation of Hazardous and Non-Hazardous Waste

In 2023, Volvo Car generated a total of 316,471 metric tonnes of waste.a

Of this amount, 4.04% of Volvo Car's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment.95.96% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls.a

Volvo Car’s Hazardous vs Non-Hazardous Waste Over Time

202120222023080 k160 k240 k320 ktonnes
  • Total Non-Hazardous Waste Generated
  • Total Hazardous Waste Generated

How Volvo Car reduced the environmental impact of its waste?

Since 2021, Volvo Car's total waste generation increased by 6.9%, including a 17.12% rise in 2023, reflecting a persistent upward trend that could be linked to operational growth, inefficient material use, or limited investment in waste prevention systems.a

Over the same period, Volvo Car saw a long-term increase of 9.51% in hazardous waste share, but a 1.51% reduction in 2023, indicating a recent improvement that may reflect updated production inputs, enhanced treatment, or stricter controls.a

Overall, Volvo Car's waste and hazardousness trends are mixed or inconclusive. A more detailed review of its materials, industry standards, and operational changes would help clarify the net environmental impact of its waste strategy.a

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