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
All models available in an electrified version
C40 Recharge – the first Volvo designed as pure electric only
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.
As an interim step towards our climate neutral by 2040 target, we’re aiming to reduce the lifecycle carbon footprint per vehicle by 40 per cent between 2018 and 2025.
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).
Our colloboration partners
We’re committed to reduce our impact on the planet and that takes a global effort. Collaborating with companies, organizations, and NGOs is vital to drive industry change and performance. A few examples:
Volvo Cars participates in the CDP Supply Chain Program and collects data via the climate questionnaire for our top strategic suppliers based on emission intense products. We also submit to CDP Climate and CDP Water.
Responsible Minerals Initiative
To support continuous improvements of working and living conditions in artisanal and small-scale mining communities, Volvo Cars collaborates with Better Mining, an assurance and impact programme led by RCS Global Group in the DRC and Rwanda.
Responsible Business Alliance
Volvo Cars is a member of the world’s largest coalition dedicated to advance corporate social responsibilities throughout global supply chains
Volvo Cars is a founding member of Drive Sustainability, a network of companies that works specifically to improve all aspects of social and environmental sustainability in the automotive industry.
Ellen Macarthur Foundation
Volvo Cars is a member of the Ellen Macarthur Foundation – a leading global network of businesses, innovators, universities, and thought leaders - to find inspiration for our circular economy approach, and we further submit to the EMF Circulytics tool.
United Nations Global Compact
Volvo Cars is a proud founding member of the UN Global Compact since 2000, and observing its Ten Principles. Our Communication of Progress report is found on the UNGC website.
A heritage of sustainability
We have worked to reduce our environmental impact over many years. Discover some of the actions we have taken to date.