Volvo Group commits to Science Primarily based Targets initiative, goals to be a net-zero emissions firm by 2050

“Our dedication to future generations is well-known and the Volvo Group is doing its half in attaining the targets of the Paris Settlement. Being the chief in sustainable transport and infrastructure options is sweet for the corporate and its stakeholders, however even higher for the world. With our transformation comes a accountability to brazenly and transparently report our progress, now we take the subsequent step and decide to set Science Primarily based Targets,” says Martin Lundstedt, president and CEO of the Volvo Group.

Within the present program, the Volvo Group has got down to save vitality and scale back emissions from its personal manufacturing and transports in addition to from the merchandise it sells – all through their operational life. 

At year-end 2019, the Volvo Group had decreased CO2 emission per shipped volumes in its personal freight transport system by 18% from a baseline in 2013. Within the manufacturing operations, energy-saving initiatives totaling 170 GWh have been applied since 2015. Along with an elevated share of renewable vitality, these have resulted in CO2 emissions from the group’s manufacturing operations being decreased by greater than 35% in 2013-2019.

As a subsequent step in its local weather technique, the Volvo Group is now committing to the Science Primarily based Targets initiative and can set up targets and roadmaps throughout 2021 in the direction of being a net-zero emissions firm by 2050 on the very newest.

To enhance the disclosure of climate-related dangers and alternatives, the Volvo Group helps the Job Drive on Local weather-Associated Monetary Disclosures (TCFD) and can proceed to undertake its suggestions.

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