The road to climate neutral
We want to be climate neutral by 2040 – it’s the biggest challenge we’ve ever faced. We’re part of the problem. So it’s our responsibility to change what we do and how we do it. Let’s all be part of the solution.
Be a climate-neutral company by 2040
Be a circular business by 2040
Be a recognised leader in ethical and responsible business
How to get there?
Fully electric by 2030
Today, all our cars have an electrified version. We plan to become a fully electric car company by 2030 – by then we want all our new cars to be pure electric. We’re all in.
First established car company to announce all-in electrification
Globally, all models available in an electrified version
Ambition: 50% sales to be pure electric models
Plan: every new Volvo model to be pure electric
But electrification is not enough
We need to reduce all our direct and indirect emissions. So we’re tackling CO2 within our supply chain and operations – this includes embracing the circular economy.
Supply chain emissions
Operational emissions incl. logistics
Total reduction per vehicle
We support the goals of the Paris Agreement
The Science Based Targets initiative (SBTi)* has approved our ambitious plan to become a climate-neutral company by 2040. According to SBTi, our emissions reduction targets are in line with the goals of the Paris Agreement to limit global warming to well below 2°C compared to pre-industrial levels.
We’re committed to reducing our impact on the planet and we know it’ll take a global effort. So it’s important to collaborate with other like-minded companies, suppliers and organisations, to drive our own sustainability performance and change within our industry.
*SBTi is a collaboration between the Carbon Disclosure Project (CDP), the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).