Volvo CE announces commitment to science-based targets to reduce carbon emissions

The goal of zero greenhouse gas emissions is a joint commitment by the Volvo Group in all business areas

Volvo Construction Equipment announced a commitment to SBTi (Science Based Targets) targets to achieve zero-emission of pollutants in its production chain by 2040, with significant reductions already in 2030. The measure was taken in fulfillment of the company’s intention to reduce its carbon impact and help achieve the goals of the Paris Agreement.

The SBTI (Science Based Targets) initiative drives ambitious climate action in the private sector, enabling companies to set science-based emission reduction targets. The goal of zero emissions of greenhouse gases is a joint commitment of the Volvo Group in all business areas and was defined for ten years before the SBTi agreement, considering the average age of equipment in use by customers. For the entire fleet to have zero emissions by 2050, all products delivered after 2040 mustn’t produce polluting gases.

Volvo CE has also set its targets to be met by 2030, including halving emissions from its own operations, facilities, and manufacturing processes, achieving 30% absolute reductions in the use of its products.

“Climate change is real and one of the biggest challenges of our time. As one of the world’s leading construction equipment manufacturers, we don’t just have a responsibility to reduce our carbon footprint. We still have a clear vision, a lot of determination, and a lot of talent to drive this transformation that is urgent and needed,” said Melker Jernberg, president of Volvo CE.