AB Volvo 2024 AR2
The report highlights Volvo Group's performance in 2024, a year marked by normalizing market demand and major product launches, including a new heavy-duty truck range in Europe and an all-new platform in North America. The company achieved net sales of SEK 527 billion and an adjusted operating margin of 12.5%. In sustainability, Volvo Group progressed toward its net-zero 2040 target, reducing use-phase greenhouse gas emissions to 249 million tons and own operations emissions by 30% compared to the 2019 baseline. Additionally, the Group expanded its electric vehicle offerings and entered strategic joint ventures like Flexis and Coretura to drive the transformation toward sustainable transport.
Company: AB Volvo
Sector: Industrials
Country: Sweden
Year: 2024
Type: AR2
Pages: 220
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AB Volvo
Annual Report
The report highlights Volvo Group's performance in 2024, a year marked by normalizing market demand and major product launches, including a new heavy-duty truck range in Europe and an all-new platform in North America. The company achieved net sales of SEK 527 billion and an adjusted operating margin of 12.5%. In sustainability, Volvo Group progressed toward its net-zero 2040 target, reducing use-phase greenhouse gas emissions to 249 million tons and own operations emissions by 30% compared to the 2019 baseline. Additionally, the Group expanded its electric vehicle offerings and entered strategic joint ventures like Flexis and Coretura to drive the transformation toward sustainable transport.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
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:
Energy Consumption
Renewable Energy
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees