The annual assessment is based on an analysis of companies’ economic, environmental and social performance, including such areas as corporate governance, risk management, brand, climate, suppliers and work environment. The Volvo Group received particularly high marks for its handling of environmental issues, work environment, corporate governance and compliance with its Code of Conduct and anti-corruption policy.
The Volvo Group has been included in the DJSI since its inception, but the competition has intensified significantly over the years, since it has become increasingly important for companies to obtain external verification and acknowledgment of their sustainability efforts. Consequently, the Volvo Group did not qualify for the index last year.
“We have worked hard internally to improve our sustainability reporting and we have become a lot better at highlighting good examples of all of the work being undertaken in the Group,” says Jan-Eric Sundgren, Senior Vice President responsible for Environmental and Public Affairs. “Sustainability issues extend over different functions in the Group and in their day-to-day activities, many employees contribute to us being ranked among the best in the world in this area.”
“Long-term investors are focusing increasingly on ensuring that the companies in which they want to invest have control over their risks in the area of sustainability,” says Christer Johansson, Head of Investor Relations for the Volvo Group. “Being included in DJSI World is regarded as a seal of quality by owners and investors.”