Company

Volvo Car Group

2023

Quick facts

294,000

Emissions (ton CO₂e)

52,125.65

Revenue (M USD)

5.64

Intensity (t CO₂e / M USD)

Ambition & Development

In 2023, Volvo Car Group reported a total of 294,000 ton CO₂e, and a net revenue of 52,125.65 M USD, resulting in a emissions intensity of 5.64 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

Revenue	2019	2022	2023
Net Revenue (M USD)	45,703.48	46,969.12	52,125.65
Revenue Source

Emissions Overview	2019	2022	2023
Total Emissions - Market Based (t CO₂e)	381,000	323,000	294,000
Emissions Intensity (t CO₂e / M USD)	8.34	6.88	5.64
Cradle-to-gate Intensity (t CO₂e / M USD)	8.34	6.88	5.64

Emissions Details	2019	2022	2023
Scope 1	255,000	244,000	228,000
Scope 2
Scope 2 - Location Based	220,000	180,000	170,000
Scope 2 - Market Based	126,000	79,000	66,000
Scope 2 - Not specified
Scope 3
Upstream Emissions
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
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	381,000	323,000	294,000
Emission Source

Open Sustainability Index

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