Company

Volvo Car Group

2023

Quick facts

266,294,000

Emissions (ton CO₂e)

52,126

Revenue (M USD)

5,109

Intensity (t CO₂e / M USD)

Ambition & Development

In 2023, Volvo Car Group reported a total of 266,294,000 ton CO₂e, and a net revenue of 52,126 M USD, resulting in a emissions intensity of 5,109 t CO₂e / M USD.

Targets

Base year:

2019

Target year:

2030

Reduction:

0.6

Classification:

1.5°C

Volvo Car Group commits to reduce absolute scope 1 and 2 GHG emissions 60% by 2030 from a 2019 base year.

Source: Science Based Target initative

Emissions, Revenue & Intensity

Emissions, Target & Trend

Report missing data

Revenue	2019	2022	2023
Net Revenue (M USD)	45,703	46,969	52,126
Revenue Source

Emissions Overview	2019	2022	2023
Total Emissions - Market Based (t CO₂e)	323,381,000	287,323,000	266,294,000
Emissions Intensity (t CO₂e / M USD)	7,076	6,117	5,109
Cradle-to-gate Intensity (t CO₂e / M USD)	8	7	6

Emissions Details	2019	2022	2023
Scope 1 Emissions (t CO₂e)	255,000	244,000	228,000
Scope 2 Emissions (t CO₂e)
Scope 2 - Market Based	126,000	79,000	66,000
Scope 2 - Location Based	220,000	180,000	170,000
Scope 2 - Not specified
Scope 3 Emissions (t CO₂e)	323,000,000	287,000,000	266,000,000
Upstream Emissions (t CO₂e)
1. Purchased goods and services
2. Capital goods
3. Fuel- and energy-related activities
4. Upstream transportation and distribution
5. Waste generated in operations
6. Business travel
7. Employee commuting
8. Upstream leased assets
Downstream Emissions (t CO₂e)
9. Downstream transportation and distribution
10. Processing of sold products
11. Use of sold products	323,000,000	287,000,000	266,000,000
12. End-of-life treatment of sold products
13. Downstream leased assets
14. Franchises
15. Investments
Total Emissions (t CO₂e)	323,381,000	287,323,000	266,294,000
Emission Source

Open Sustainability Index

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