Volvo Cars receives recognition from CDP for sustainability strategy

Volvo XC60

Volvo Cars has been recognized by environmental non-profit organization CDP for its sustainability efforts in cutting emissions, mitigating climate risks, and becoming a climate-neutral company.

KEY TAKEAWAYS

  • Who gave Volvo Cars the recognition for its sustainability initiatives?

    It is the global environmental organization known as CDP.
  • How many companies have submitted their data to CDP?

    About 13,000 companies participated by disclosing data on their environmental impacts, risks, and opportunities.
  • In a statement, Volvo Cars Philippines said that acknowledgment placed the brand in the highest tier of CDP’s climate change list, “together with only a smaller number of companies.”

    According to Volvo, more than 13,000 companies participated by disclosing data on their environmental impacts, risks, and opportunities, and Volvo Cars’ high score reflects its position as a leader in environmental ambition and climate action.

    XC90 Plug-In Hybrid Inscription T8 in Birch Light Metallic

     “We are very proud to see that our hard work to cut emissions and becoming climate neutral is being recognized by CDP,” Volvo Cars Head of Global Sustainability Anders Kärrberg was quoted as saying. “Receiving the prestigious A-score shows that we are on the right track, and hopefully, we can inspire other companies to do even more.”

    By 2030, Volvo Cars aims to become a fully electric car maker with plans to launch whole new pure electric cars in the coming years — one of the auto industry’s most ambitious electrification plans — and become a climate-neutral company by 2040.

    Further, Volvo Cars is eyeing to reduce the lifecycle carbon footprint per average car by 40 percent between 2018 and 2025, including reducing carbon emissions in its supply chain by 25 percent by 2025.

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

    Volvo S90

    “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 for every ton of carbon emissions from across its entire business, becoming the first car maker to implement such a carbon pricing mechanism across its complete operations.”

    For 2022, Volvo Philippines is coming out with a range of Volvos powered by Volvo’s new B6 engine. Featuring a state-of-the-art four-cylinder 2.0-liter turbocharged engine connected to a 48-volt hybrid system, the new S90XC60, and XC90 variants offer unrivaled performance balanced with efficient fuel economy. At its heart is the Integrated Starter Generator (ISG) that churns out an additional kick of power on top of its already impressive 295 horses and 420 Nm of torque. The combined fuel consumption is also enhanced with only 10.1 kilometers per liter.

    Photos from Volvo Philippines

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