Sustainability is as important to Volvo Cars as safety. By working towards climate-neutrality, embracing the circular economy and conducting our business operations responsibly, we help protect the planet and contribute to a fairer society.
Be a climate-neutral company by 2040
Be a circular business by 2040
Be a recognized leader in ethical and responsible business
As a mobility provider we recognize that we are part of the problem of climate change and have a responsibility to act. By reducing emissions across our entire value chain, we aim to become a climate-neutral company by 2040.
As an interim step towards our 2040 target, we aim to reduce the lifecycle carbon footprint per vehicle by 40 per cent between 2018 and 2025.
Tailpipe emissions account for a significant part of our carbon footprint. That is why every new Volvo car launched from 2019 onwards has an electric motor. Our aim is that 50 per cent of our annual car sales should be all-electric by 2025, with the remainder consisting of hybrids.
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We aim to have climate-neutral manufacturing operations by 2025. Already today our global plants are powered by over 80 per cent climate-neutral electricity. Since 2008, all our European plants have been running on hydro-electric power.
Reducing emissions in our supply chain is critical to reaching our climate target. We are encouraging our top suppliers to use 100 per cent renewable energy by 2025 and to develop a more circular approach to materials.
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.
The world's natural resources are limited. This requires a mindset that embraces the circular economy, where the parts and materials used are not only recovered at the end of the car's useful lifespan but also re-used in the production of new vehicles. That is why we design our cars to minimize waste and make greater use of recycled and bio-based materials.
One of our circular economy ambitions is to significantly increase the share of recycled and bio-based materials in our cars by 2025.
By protecting the wellbeing and rights of our employees, promoting equality and working to minimize environmental and social impacts within our supply chain - we aim to be a recognized leader in ethical and responsible business.
We are committed to responsible sourcing of our batteries. As part of that commitment, we are the first car manufacturer to use blockchain technology throughout our entire cobalt supply chain, allowing us to monitor and trace the cobalt used in our batteries.
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