Now we raise the ambition with our science-based targets and go for net-zero emission by 2040. This is the next step on climate action, building on a our previous targets. At year-end 2020, we concluded our climate targets 2015-2020 covering production, freight transports and product use-phase.
Implement energy savings that from 2020 save 150 GWh per year.
During 2015-2020, 1,260 activities have been implemented, that together save 207 GWh per year from 2020.
This efficiency target remains as an enabler to reduce scope 1 and 2 emissions and between 2021-2025 the aim is to implement energy savings that from 2025 save 150 GWh per year.
Reduce freight CO2 emissions per Produced unit by 20%.
Freight emissions per produced unit were 24% lower in 2020 compared to the baseline 2013.
This target has been strengthened beyond 2021 and the aim now, as part of reducing scope 3 emissions from logistics and distribution to, is the reduce freight CO2 emissions per produced unit by 30% by 2025 from baseline 2018.
Achieve life cycle CO2 emissions savings from products of at least 40 million tons cumulative.
An estimated 43 million tons of CO2 emissions have been saved 2015 to 2020.
This target has been replace by our new science-based targets for scope 3, category 11, use of sold products as described above.
We were the first company in our industry to enter the WWF’s Climate Savers program in 2010.
Climate Savers is WWF’s leadership program with the objective to recognize corporate leadership on climate solutions. It includes WWF's partners with ambitious strategies to develop net-zero business models and demonstrate that reductions in greenhouse gas emissions can go hand in hand with economic growth.
As part of the WWF Climate Savers, we also set out to magnify our commitment by advocating and driving solutions for net-zero emissions in our industry and throughout the value chain. During 2015-2020, we drove 14 initiatives – magnifiers - to promote energy efficiency, reduced carbon emissions, and positively influence the value chain. At year-end 2020, we concluded that all have been finalized and moving ahead with our science-based targets we can see that the initiatives below were critical to get to where we are today.
Summary of our 14 magnifiers for climate action:
Sustainability reporting is included in our Annual and Sustainability Report. In our GRI Index we disclose the specific economic, environmental and social sustainability topics that are material to the Volvo Group.