AB Volvo 2023 AR2
The report highlights Volvo Group's strong financial and operational performance in 2023, achieving record net sales of SEK 553 billion and an improved adjusted operating margin of 14.0%. The company made significant progress in its transition to fossil-free transport, with all business areas in serial production of heavy-duty electric vehicles and machines, and deliveries of fully electric units increasing by 128% to 4,996 units. Key milestones included the Volvo FH Electric winning the 'International Truck of the Year 2024' award and the acquisition of Proterra's battery business to accelerate its electromobility roadmap. Additionally, the company advanced its climate goals with science-based targets validated by the SBTi, aiming for net-zero value chain emissions by 2040.
Company: AB Volvo
Sector: Industrials
Country: Sweden
Year: 2023
Type: AR2
Pages: 232
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AB Volvo
Annual Report
The report highlights Volvo Group's strong financial and operational performance in 2023, achieving record net sales of SEK 553 billion and an improved adjusted operating margin of 14.0%. The company made significant progress in its transition to fossil-free transport, with all business areas in serial production of heavy-duty electric vehicles and machines, and deliveries of fully electric units increasing by 128% to 4,996 units. Key milestones included the Volvo FH Electric winning the 'International Truck of the Year 2024' award and the acquisition of Proterra's battery business to accelerate its electromobility roadmap. Additionally, the company advanced its climate goals with science-based targets validated by the SBTi, aiming for net-zero value chain emissions by 2040.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
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:
Scope 3:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees