Sustainability

We aim to be pioneers in protecting people and the planet by working towards net zero, embracing the circular economy and improving people's lives.

Our ambitions

Climate action

Net zero greenhouse gas emissions by 2040

Circular economy

Towards becoming a circular business by 2040

Responsible business

Improve and protect people's lives in our value chain and society

A man plugging a wall charger into a grey Volvo XC40 that’s parked by a charging station

Our long-term investment plan and product strategy is geared towards fully electric cars.

2017

First established car company to announce all-in electrification

2019

All models available in an electrified version

2023

Launches of EX90, EX30 and EM90 make 5 fully-electric models (also XC40 and C40)

2025

Reduced CO₂ emissions per car by 30-35 per cent​

2030

Reduced COâ‚‚ emissions per car by 65-75 per cent

A woman on a black sofa using a laptop

We need to reduce all our direct and indirect emissions. So we're tackling CO₂ within our supply chain and operations – this includes embracing the circular economy.

In 2019, The Science Based Targets initiative (SBTi)* approved our ambitious climate plan. According to SBTi, our emissions reduction targets are in line with the goals of the Paris Agreement to limit global warming to well below 2°C compared to pre-industrial levels.

We're committed to reducing our impact on the planet and we know it'll take a global effort. So it's important to collaborate with other like-minded companies suppliers and organisations, to drive our own sustainability performance and change within our industry.

*SBTi is a collaboration between the Carbon Disclosure Project (CDP), the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

An elderly gentleman shown holding a spark plug

A heritage of sustainability

We have worked to reduce our environmental impact over many years. Discover some of the actions we have taken to date.