Volvo

Foundation Member | Tracking Since November 2022

Volvo Sustainability

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. We want to provide you with the freedom to move in a personal, sustainable and safe way. To help protect the world we share, we must do more than merely electrify our cars. We’re committed to rethinking sustainability in our operations, in our cars and in society.

While all care has been taken to ensure the information is correct, please note this information was last updated November, 2022.

About Volvo

  • Status
  • Employees
  • 500+
  • Industry
  • Automotive
  • Founded
  • 1927

Volvo Sustainability Actions

Circular Economy

The world’s natural resources are limited. So we’ve committed to become a circular business by 2040 – maximising resource efficiency across vehicles, components and materials. We’re focussed on eliminating waste, making greater use of recycled material, and remanufacturing and reusing parts. Design for circularity: Most companies (and people) still participate in a linear economy – you take raw material, make a product, use it, and in the end, throw it out as waste. A circular economy maximises resources by designing products for durability, reuse and recycling. From the start, we’re considering a vehicle’s entire life cycle and how to maximise the value delivered throughout that time. When that’s over, the dissasembly and recycling process can provide high quality and quantity raw materials. More remanufacturing: Compared to producing new parts, remanufactured parts use around 85 per cent less raw material and 80 per cent less energy. We currently remanufacture 36 different component groups, including engines, gearboxes, turbo compressors and clutches. In 2021 we saved over 4,000 tonnes of CO2 by remanufacturing over 37,000 parts. Less production waste: In 2021, 96 per cent of our global production waste was recycled – so we avoided creating additional carbon emissions and were able to keep valuable material in circulation. This also reduced the amount of virgin material needed. Recycling: Our largest waste stream is metal from car production, which amounted to 209,000 tonnes in 2021 and is entirely recycled.

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The Family Bond by Volvo Cars - Equal global parental leave for all

The Family Bond by Volvo Cars is our all-gender global paid parental leave policy – with this, we give all Volvo Cars employees with at least one year's service 24 weeks of parental leave at 80 per cent of their base pay by default. This global policy applies to either parent and is suited for a diverse variety of family types, as it includes adoptive, foster care and surrogate parents, as well as non-birth parents in same-sex couples. Learn more about The Family Bond at https://www.volvocars.com/au/about/family-bond/

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Ethical sourcing

We're serious about wanting to reduce our impact on the planet and we know our responsibility extends beyond our own walls. The what, how and where from of our sourcing activities all must be accounted for when we calculate our impacts. We aim for transparency and traceability throughout our entire sourcing process. For example, we use Blockchain technology as part of our commitment to the responsible sourcing of batteries. Ethical batteries: We're committed to responsible sourcing of our batteries. As part of that commitment, we're 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. Responsible cobalt sourcing: Cobalt is a vital component in the production of electric car batteries. In some cases, the extraction of cobalt can have human rights impacts. We use blockchain technology to increase transparency and traceability of our cobalt supply chain, ensuring the information about the material’s origin cannot be changed undetected. We use several other processes, in conjunction with our suppliers, including mine site inspections and GPS tracking to help ensure that the cobalt within our batteries is responsibly sourced.

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Volvo Sustainability Commitments

2019

Globally, all models available in an electrified version

2021

Our first electric only vehicle

C40 Recharge – the first Volvo designed as pure electric only

2025

50% sales to be pure electric models

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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Volvo Partnerships

Memberships & Accreditations

About Volvo

  • Status
  • Employees
  • 500+
  • Industry
  • Automotive
  • Founded
  • 1927

Sustainable Development Goals

Volvo is committed to advancing these Global Goals to promote prosperity for people & planet.

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Volvo Recommends

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Volvo Sustainability News

Volvo Car Australia’s HQ, Training Centre receive peak Green Stamp Accreditation

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Volvo Car Group annual and sustainability report 2021

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