AB Volvo 2020 IR
The report highlights the Volvo Group's performance in 2020, navigating the challenges of the COVID-19 pandemic while advancing its sustainability agenda. The company committed to the Science Based Targets initiative to achieve net-zero value chain emissions by 2050 and supported the Task Force on Climate-related Financial Disclosures (TCFD). Key achievements included launching a complete range of heavy-duty electric trucks in Europe and establishing a fuel-cell joint venture with Daimler Truck AG. Despite a 22% decrease in net sales to SEK 338 billion, the company maintained an adjusted operating margin of 8.4% and reduced its Scope 1 and 2 emissions by 35% since 2015.
Company: AB Volvo
Sector: Industrials
Country: Sweden
Year: 2020
Type: IR
Pages: 210
Back to company
AB Volvo
Annual And Sustainability Report
The report highlights the Volvo Group's performance in 2020, navigating the challenges of the COVID-19 pandemic while advancing its sustainability agenda. The company committed to the Science Based Targets initiative to achieve net-zero value chain emissions by 2050 and supported the Task Force on Climate-related Financial Disclosures (TCFD). Key achievements included launching a complete range of heavy-duty electric trucks in Europe and establishing a fuel-cell joint venture with Daimler Truck AG. Despite a 22% decrease in net sales to SEK 338 billion, the company maintained an adjusted operating margin of 8.4% and reduced its Scope 1 and 2 emissions by 35% since 2015.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees