Volvo Cars Accelerates Climate Leadership with a 75% CO2 Emission Reduction Goal by 2030
In a resolute move towards climate responsibility, Volvo Cars, a trailblazer in the automotive industry, has unveiled an ambitious target of slashing CO2 emissions per car by a staggering 75% before 2030. This commitment aligns seamlessly with Volvo’s overarching vision of achieving climate neutrality by 2040, coupled with a concurrent 40% reduction in CO2 emissions per car between 2018 and 2025.
Embracing the First Movers Coalition (FMC) for Global Impact
To fortify its commitment, Volvo Cars has joined forces with the World Economic Forum’s First Movers Coalition (FMC). This collaborative initiative underscores Volvo’s dedication to being at the forefront of transformative change, supporting the global effort to mitigate climate change. The FMC, an alliance led by the World Economic Forum and the US Government, focuses on critical sectors, including automotive, striving to collectively reduce global emissions by 30%.
Driving the Electric Revolution: Focus on Zero Tailpipe Emissions
Central to Volvo’s strategy is an intensified focus on fully electric cars. The company aims to eliminate tailpipe emissions entirely from its lineup, a critical step towards achieving the 75% CO2 reduction goal. Joining the ranks of environmentally conscious automakers, Volvo Cars aims to make electric vehicles a substantial portion of its offerings by 2030.
Pioneering Sustainable Steel Collaboration with SSAB
Volvo Cars is not only transforming its vehicles but also reshaping the materials that go into making them. In a groundbreaking partnership with Swedish steel producer SSAB, Volvo is pioneering the development of near-zero emission, high-quality steel for the automotive industry. By incorporating this sustainable steel into one of its car programs by 2026, Volvo Cars is setting new standards for environmentally conscious manufacturing practices.
Urgent Call for Global Climate Action at COP28
Javier Varela, the COO and deputy CEO of Volvo Cars, emphasized the critical nature of collective climate action, especially against the backdrop of COP28. As the world grapples with the urgent need for climate action, Volvo Cars is calling on corporate and political leaders globally to join hands in driving substantial change.
Holistic Approach Across the Supply Chain: Targeting a 30% Reduction by 2030
Volvo Cars recognizes that achieving its 2030 target requires a comprehensive approach. Beyond the vehicles themselves, the company is committed to reducing CO2 emissions across its supply chain and operations. With a target of a 30% reduction by 2030 from the 2018 baseline, Volvo Cars is actively working towards creating a more sustainable and eco-friendly manufacturing process.
Shaping a Greener Tomorrow
As COP28 unfolds, Volvo Cars stands as a beacon of hope and determination in the face of climate challenges. The company’s commitment to a 75% CO2 reduction, coupled with its initiatives spanning electric vehicles, sustainable materials, and global collaborations, paints a compelling picture of a future where automotive excellence goes hand in hand with environmental responsibility. Volvo Cars, through its decisive actions, is not just driving towards a greener tomorrow but is actively steering the entire automotive industry towards a sustainable and climate-friendly future.
Source: GlassBalkan
