Volvo

Automobile Manufacturers
VOLV-B.ST
SEK 163 (2.1)%
Share price
$ 41 bn
Market Cap
$ 44 bn
Enterprise Value

Carbon footprint

8.1 Ton
GHG emissions per $ 1 mln investment
0.29x the weighted average for S&P 500
FY2021
How is this calculated?
+10%
YOY change in GHG emissions
Weaker than the -8.7% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-5.4%
Proj. YOY change in GHG emissions (Scope 1 + 2)
In line with the -5.1% weighted average for S&P 500
FY2022
How is this calculated?

Volvo aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2019


1.5°C
Volvo's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-5.3%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -6.9% weighted average for S&P 500
FY2022
How is this calculated?

Volvo aims to achieve net zero for all Scopes by 2040


This target has not been verified as science based according to SBTi
Volvo's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Volvo's GHG emissions (market-based) (Kt of CO2e)
Volvo's Carbon intensity (Tons per 1 USDm)

Volvo's carbon footprint

Volvo reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 359 Kt (+33/+10% y-o-y). At the sime time, carbon intensity declined to 8.3 t (-0.2 /-2.4% y-o-y).

Volvo's Scope 3 emissions grew to 286,000 Kt (+45,000/+19% y-o-y). The performance has been erratic recently.

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -19 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -15,072 Kt per annum over the period of FY2022 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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