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Volvo leads the sustainability charge among automakers

Dharmesh · Dec 10, 2021 03:50 PM

Volvo leads the sustainability charge among automakers 01

Volvo Cars has been recognised for its sustainability strategy by global environmental non-profit CDP, securing an A-score for its actions aimed at cutting emissions, mitigating climate risks and becoming a climate-neutral company.

Volvo leads the sustainability charge among automakers 02

The company seeks to reduce the lifecycle carbon footprint per average car by 40 percent between 2018 and 2025, including through reducing carbon emissions in its supply chain by 25 percent by 2025.

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Volvo leads the sustainability charge among automakers 01

Volvo Cars aims to become a fully electric car maker by 2030 and plans to roll out a whole new family of pure electric vehicles (EVs) in coming years, one of the auto industry’s most ambitious electrification plans. This is part of its ambition to become a climate neutral company by 2040, as it works to consistently cut carbon emissions across its business.

Also Read: Coming to Malaysia - 2021 Volvo XC40 Recharge EV at Thai Motor Expo

Volvo leads the sustainability charge among automakers 02

Volvo Cars is taking active steps to address these emissions, including through planned collaborations with Swedish steel maker SSAB to develop fossil free steel and with Swedish battery company Northvolt to develop and manufacture the next generation of sustainable battery cells.

Also Read: 2022 Volvo XC60 facelift launched in Malaysia; from RM 292k, mild hybrid, Android Automotive OS

Volvo leads the sustainability charge among automakers 03

“We are very proud to see that our hard work to cut emissions and becoming climate neutral is being recognised by CDP,” says Anders Kärrberg, head of global sustainability at Volvo Cars. “Receiving the prestigious A-score shows that we are on the right track, and hopefully we can inspire other companies to do even more.”

Volvo leads the sustainability charge among automakers 04

In conjunction with signing the zero emission road transport declaration at the UN climate change conference COP26 in November, Volvo Cars also introduced an internal carbon price of 1,000 SEK (~RM 470) for every tonne of carbon emissions from across its entire business, becoming the first car maker to implement such a carbon pricing mechanism across its complete operations.

Also Read: Volvo Cars introduces internal carbon price; RM 479 for every tonne of carbon emission

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