We are committed to being at the forefront of the industry in producing dialogue with policymakers and societal stakeholders to shape the future of mobility. The Volvo Group is a signatory of the UN Global Compact. It further recognizes and supports several international conventions and principles, including the International Bill of Human Rights, the ILO eight fundamental conventions, the UN Guiding Principles on Business and Human Rights and the OECD Guidelines for Multinational Enterprises.
The First Movers Coalition (FMC) aims to unlock the untapped potential of emerging technologies needed to decarbonise the world by 2050. As a founding member, we work across sectors and with experts from all around the world to help generate early market demand for low-carbon goods and services. By building early demand will help scale the next generation of emission mitigation solutions by 2030 for carbon-intensive sectors.
As part of the World Economic Forum’s Climate Action Platform, the Alliance of CEO Climate Leaders are a community of Chief Executive Officers who continue to set the bar higher and catalyse action across all sectors and engage policymakers to help deliver the transition to a net-zero economy. With the involvement of Volvo’s CEO, we use their position and influence to drive change.
Road Freight Zero is a coalition under the leadership of the World Economic Forum’s Mobility Platform and is part of a high-profile multi-year Forum initiative: “Mission Possible”. As the demand for road freight is expected to triple by 2050, we work together with knowledge partners and create synergies with other key initiatives such as the European Clean Trucking Alliance to ensure that our sector is almost entirely decarbonised by 2050. Together we on establishing a clear action roadmap, a set of de-risking initiatives and a transition finance framework.
As a signatory of Call on Carbon created by the Climate Leadership Coalition, we work together to display an overwhelming support for governments to ramp up their measures on climate investments and carbon pricing. We encourage governments to introduce effective carbon pricing instruments consistent with their net-zero targets set in the Paris Agreement and align these with other countries where appropriate, create a stable and predictable investment environment and finalise the rules for the international market mechanism under Article 6 of the Paris Agreement.
CALSTART’s Drive to Zero campaign aims to accelerate the growth of global zero- and near-zero-emission commercial vehicle space, with the aim of becoming commercially competitive by 2025 and dominant by 2040 in specific vehicle segments and regions. Drive to Zero is built upon a technology strategy for change called the Beachhead Strategy - a strategy that identifies the commercial vehicle market segments where zero- and near-zero technologies are most likely to succeed and help drive growth in other segments. As a partner, we work with the others to innovate and prepare the early market for zero-emission trucks, buses and equipment.
The European Green Deal envisages investments of EUR 1 trillion in lowering emissions and circular economy with the aim to make the EU carbon-neutral by 2050. Achieving this transformative agenda cannot be done by policymakers alone; it requires strong collaboration between industry and the business sector. Supported by the World Economic Forum, the CEO Action Group for the European Green Deal serves as a high-level platform for business leaders to support concrete plans and ideas to step up the game for climate positive action and demonstrate their commitment to the European Green Deal agenda. The CEO Action group also helps promote sustainable practices in a series of lighthouse projects and drives private sector investments for the green transition.
Led by the European Round Table for Industry, Industry4climate is a group of industrial and technology companies with a common objective to reduce carbon emissions so that industry and industrial policy can retain a fundamental role in the green transition. Collectively, we are pulling together our resources, our people and our ambitions to meet the 2050 climate objectives of the Paris agreement and the European Green Deal.
As the world’s largest corporate sustainability initiative, the UN Global Compact aims to mobilise a global movement of sustainable companies and stakeholders to create a world we want. To make their vision come life, the Volvo Group ensures that our business closely aligns with their ten principles on human rights, labour and anti-corruption as well has the UN Sustainable Development Goals.
As the transportation sector is responsible for more than 10% of total global greenhouse gas emissions, we must accelerate towards zero-emissions vehicles. Therefore, the Volvo Group, along with other like-minded cities, regions, states, companies and countries who share ambition to realize zero emissions in the road transport, commit to supporting the increase of EVs by accelerating the timely deployment of related charging infrastructure. We come together to address gaps in national and local investment and planning, tackle bottlenecks, and identify the needed quantitative and qualitative targets for the deployment of suitable EV charging infrastructures.
We participate in several initiatives and collaboration platforms more specifically targeting CO₂ emission reductions. Our ambition is to lead by example and aim for our own transport system to be world class in sustainability.
The Energy Transitions Commission (ETC) is a global coalition of leaders from across the energy landscape working together to accelerate the transition to a zero-emissions future. We aid in the development of transition roadmaps and tools based on robust analysis and extensive exchanges with experts and practitioners across the energy-intensive value chains.
As a member of European Round Table for Industry (ERT), we are committed to creating a strong, open and competitive Europe through which we promote sustainable growth, jobs and prosperity for all. Together, with CEOs and Chairs from around 60 of Europe’s largest companies in the industrial and technological sector, we publish reports and papers, which we share with the public, decision makers in European and global institutions and national governments as a basis for discussion and action.
H2Accelerate is a collaboration between Daimler Truck AG, IVECO, Linde, OMV, Shell, TotalEnergies, and Volvo Group. We work together to develop the evidence base and public funding programs which can help move Europe towards a commercially viable hydrogen trucking system. Through this partnership, we seek funding opportunities, share information amongst one another and communicate with policymakers.
As a member of the Leadership Group for Industry Transition (LeadIT), we work with countries and companies to set clear actions on how to achieve the goals outlined in the Paris Agreement. Through this collaboration of public and private entities, we subscribe to the notion that energy-intensive industry can and must progress on low-carbon pathways, aiming to achieve net-zero carbon emissions by 2050.
We work with climate leaders on supercharging efforts to decarbonise some of the world’s highest-emitting industries, such as transport, in the next 10 years. With an expanding network of nearly 300 partners, Mission Possible Partnership (MPP) mobilises the full value chain to decarbonise carbon-intensive sectors. Through the formations of partnerships, transition strategies and secure commitments, our goal is to have brought zero-carbon solutions to the market in each sector by 2030.
The Race to Zero is a global campaign by the United Nations Framework Convention on Climate Change. Its mission is to rally leadership and support from businesses, cities, regions, investors for a healthy, resilient, zero carbon recovery that prevents future threats, creates decent jobs, and unlocks inclusive, sustainable growth. As the largest ever alliance committed to achieving net zero carbon emissions by 2050, we stand together to send a strong signal to governments all over the world that we are all united in meeting the goals in the Paris Agreement.
Using science-based targets is a comprehensive and transparent way for Volvo Group to show the daily work to reduce emission levels, ultimately with the purpose of leading us on a path towards decarbonisation. The Science Based Targets initiative (STBi) provides target setting methods that reduce greenhouse gas emissions and transform business operations to fit the future low-carbon economy. These targets are in line with what the latest climate science deems necessary to meet the goals of the Paris Agreement – to limit global warming to well below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C.