Public data, as of October 2026

Company profile

Volvo Car AB (publ.)

VOLCAR Bvolvocars.comLatest disclosure 2024

Volvo Car AB (publ.) reported about 41 million tCO₂e for 2024, and 100% of it sits in Scope 3, in the value chain beyond the company's own operations.

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SBTi statusValidated Targets

Near-term status: Validated Targets. Net-zero status: Commitment to Set Targets.

Where insetting fits

Scope 3 is 100% of the footprint, the part of the value chain that supplier emissions reductions can reach.

Peer position

Scope 3 is 100% of the footprint, close to the peer median of 99%.

Voluntary retirements

No voluntary retirement names this company as beneficiary yet.

Emissions

How the reported footprint breaks down by scope and year.

tCO₂e, GHG Protocol scopes
Source: published disclosure, FY2024

Peer benchmark

How Volvo Car AB (publ.) compares with its industry peers on Scope 3.

Peers: companies in the SBTi industry "Automobiles and Components", by Scope 3 share of the latest reported footprint.

CompanyScope 3 share%

Volvo Car AB (publ.)This company100%
Toyota Motor Corporation99%

Company profile

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Related projects

5 listed

Inset projects on Carbon3None yet

Reported emissions by year

Scope 1
Scope 2
Scope 3

FY2024

Scope 1, direct	73,000<1%
Scope 2, purchased energy	9,000<1%
Scope 3, value chain	40,827,000100%
Total	40,909,000

Years without a matched disclosure stay open until a published source is matched.

Source document: investors.volvocars.com

Scope 3 by category, 2024

9 categories itemized

C1Purchased Goods and Services14.4 Mt35%
C4Upstream Transportation and Distribution1.1 Mt3%
C5Waste Generated in Operations5 kt<1%
C6Business Travel61 kt<1%
C7Employee Commuting46 kt<1%
C11Use of Sold ProductsLargest category24.4 Mt60%
C12End-of-Life Treatment of Sold Products444 kt1%
C13Downstream Leased Assets4 kt<1%
C14Franchises385 kt1%

Climate targets

What the SBTi listing says about the company's targets.

Status as published by the SBTi

Primary SBTi record: Volvo Car Group

Near-term targetValidated Targets

Classification: 1.5°C/Well-below 2°C
Target year: 2030

Net-zero targetCommitment to Set Targets

Net-zero year: Not listed

Carbon3 shows each record exactly as the SBTi publishes it, and does not assess, rate or endorse targets. A validated target says nothing about any market instrument.

Voluntary retirements

Voluntary credits retired for this company on public registries.

Registry records naming the company as beneficiary

No voluntary credit retirements linked to this company

Carbon3 has not found a retirement in the public voluntary carbon market registry data it tracks that names this company as the beneficiary.

Volkswagen AG

99%

Peugeot S.A.99%

General Motors Company99%

Ford Motor Company99%

thyssenkrupp AG90%

Peer median: 99%Scope 3 boundaries differ between reports, so compare shares with care.

Scope 3 position

Near the peer median

The company's Scope 3 share is 100%, against a peer median of 99%.

Disclosure coverage

6 of 6 disclose

6 of 6 named peers report all three scopes, so their Scope 3 share can be compared.

Research summary

What the public record says about this company's decarbonization.

No report has been generated for this company yet

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Related projects

Decarbonization projects that name the company as a partner.

Emerging projects catalog, status as reported by each project

ProjectStatus

Zero Emission Steelmaking at ArcelorMittalAnnounced
Establishing Europe's First Natural Graphite Anode Production Facility for Sustainable Lithium-Ion BatteriesAnnounced
DAWN: 200MW Production of thin-film solar by SwedenUnder construction
StegraUnder construction
Swedish large-scale steel value chain demonstration of Hydrogen Breakthrough Iron-making TechnologyUnder construction

Partner names are companies. The Data Hub never publishes personal contact details.View all related projects

No inset projects are listed for this company yet.

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