Climate change

Climate change

Issue description
The climate change is one of the most important global environmental issues of our time.

Climate change affects all sectors of society, can have major and adverse effects on agricultural and urban development, the economy and ecosystems. Society has decided to apply the principle of caution. The way the climate issue is handled will be of great consequence for the global development.

The increasing levels of carbon dioxide in the atmosphere are primarily due to the combustion of oil, coal and natural gas. Given the dominance of fossil fuels, approximately 90% of the world's commercial energy consumption, there is no simple solution to this situation. The transport sector counts for about 25% of this consumption and of an equal amount of the carbon dioxide emissions. Road traffic account for about 15%. The issue of climate change is treated with the utmost gravity by the transport equipment industry, which commits over USD 40 billion annually to measures aimed at cutting emissions. Vehicles and engines are becoming more fuel efficient.

Impact on the Volvo Group
Volvo, as one of the world's biggest manufacturers of heavy commercial vehicles, bears a clear responsibility for reducing the environmental impact of its products. This means that both our operations and products affect the environment. To alleviate the adverse effects of these activities Volvo has since long conducted wide-ranging environmental programs in all sectors of our operations from product development to recycling.

Volvo Group's position

  • Volvo should further improve its products and develop new technologies
  • Every new product from Volvo must have a lower environmental impact than the one it replaces and should be the best on the market.
  • Volvo should be leading in terms of low environmental impact and high resource efficiency wherever in the world Volvo operates.
  • With proactive environmental programmes Volvo should find opportunities to strengthen both our own and our customers' competitiveness.
  • Volvo should concentrate efforts into making our products more fuel efficient.
  • Volvo should develop solutions to enable our customers to make their transport systems more efficient.
  • Climate change and energy efficiency should always be part of Volvo's strategy discussions.

Environmental and Public Affairs