Sustainability Update

Overview

The report sets out Volvo Cars' ambition to reach net zero greenhouse gas emissions by 2040. For 2023, fully electric vehicles represented 16.0% of total sales, while the reuse and recycling rate for waste was 92%. The report also highlights a 20% reduction in CO2 emissions per average vehicle since 2018 and circular economy initiatives covering recycled materials, waste, and water use.

Document

Report type: Sustainability Report
Class: Dedicated
Scope: Full report
Fiscal year: 2023
Language: English
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