As of 2025, Volvo has disclosed 5 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 absolute reduction targets and 2 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'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) | -50%a | 2030 |
Absolute-based Target* | Scope 3 - Use of Sold Products (Cat. 11) | Metric Tonnes of CO2 equivalent (mtCO2e) | -30%a | 2030 |
Absolute-based Target* | Scope 3 - Use of Sold Products (Cat. 11) | Metric Tonnes of CO2 equivalent (mtCO2e) | -37%a | 2034 |
Intensity-based Target* | Scope 3 - Use of Sold Products (Cat. 11) | Metric Tonnes of CO2 equivalent (mtCO2e) per Vehicle Kilometer | -40%a | 2030 |
Intensity-based Target* | Scope 3 - Use of Sold Products (Cat. 11) | Metric Tonnes of CO2 equivalent (mtCO2e) per Vehicle Kilometer | -40%a | 2030 |
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As of 2025, Volvo 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 has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Volvo's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 382,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.a
As of 2025, Volvo is ahead of schedule on its operational emissions reduction target, having achieved 65.44% of the planned reduction.a
As of 2025, Volvo has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
Volvo's most ambitious value chain target is to reduce these emissions by 37.5% by 2034, compared to a baseline of 19,800,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.a
Instead of reducing value chain emissions, Volvo has increased them, with 2025 levels exceeding those of the 2019 baseline, placing the company well behind its reduction target.a