Volvo emerges as a climate-neutral company, receives CDP's recognition

The Swedish multinational automobile manufacturer Volvo was recently acknowledged by the global environmental non-profit CDP for their great initiative in the path of sustainability. Securing an A-score for adopting a magnification and worthy actions aimed at cutting emissions, mitigating climate hazards, and becoming a climate-neutral company, the manufacturer has been applauded. 

This slight change in their strategy has not only added to their global recognition but has also placed Volvo Cars in the highest tier of CDP's climate change list. It is worth acknowledging because only a few companies have made it up to that list. 

While more than 13,000 companies contended by disclosing data on their environmental impacts, risks, and opportunities, it was Volvo Cars' high ambition and climate action that positioned them as a leader. 

Anders Kärrberg, the head of global sustainability at Volvo Cars, said, "We are very proud to see that our hard work to cut emissions and becoming climate neutral is being recognized by CDP. Receiving the prestigious A-score shows that we are on the right track, and hopefully, we can inspire other companies to do even more".

The brand aims to become an electric car creator by 2030 and intends to roll out an entirely new lineage of refined electric cars in coming years, one of the automobile industry's most ambitious electrification dreams. As the brand is constantly working on cutting carbon emissions across its enterprise, it is a small part of its ambition to emerge as a neutral climate company by 2040. 

The company seems to attain its goal by dividing the whole work into three distinct phases, with the first phase wholly dedicated to lowering the CO₂ emissions by 40% per vehicle km by 2030 for trucks and buses, second phase involving working on lowering the CO₂ absolute emissions by 30% by 2030 for Volvo CE and the third phase dedicated to lowering the CO₂ absolute emissions by 37.5% by 2034 for Volvo Penta. 

In conjunction with inscribing the zero-emission road vehicle assertion at the UN climate change summit COP26 in November, Volvo Cars also presented an internal carbon price of 1,000 SEK for every ton of carbon emissions from across its whole company. Thus making the brand the first automobile maker to enforce such a carbon pricing means across its entire functions.

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