GHG Emissions, Industrial - June 9, 2021
Volvo's Climate Targets Approved by SBTi
Volvo Group announced June 8 that its climate targets have been validated by the Science Based Targets initiative to align with the Paris Agreement’s 1.5-degree target.
The automaker first committed to establishing targets along a path to a net-zero value chain by 2050 back in November. Now, the company is committed to developing a pathway for a 40% reduction per vehicle kilometer for trucks and buses by 2030 and will cover 95% of its products sold by addressing indirect emissions.
Volvo Group plans to achieve a net-zero value chain by 2040 in order for the production of all its vehicles to be net-zero by 2050.
“Climate change is real and one of the greatest challenges of our time,” Martin Lundstedt, president and CEO, said in a statement. “The Volvo Group has embarked on an irreversible transformational journey to change our offering with an ambition to be 100 percent safe, 100 percent fossil-free and 100 percent more productive. We are ready to drive the needed transformation journey for our industry together with our customers, partners and society.”
Share this valuable information with your colleagues using the buttons below:« Back to News
- Jigar Shah to lead $40 billion DOE clean tech loan effort
- 7-Eleven Plans 500 New EV Chargers for North American Stores
- Ford's New Science-Based Targets Revealed
- Georgetown University Partnership Boosts Energy Efficiency, Sustainability Goals
- Netflix unveils 2022 net zero ambition
- Starbucks Commissions Community Solar Projects for New York State
- Setting Sustainability Goals and Meeting Them with Reduction Targets
- The Essential Guide to Marketing Renewable Energy Achievements
- Ohio Public Schools Partner with EDP Renewables to Go Green
- The State of Demand-Side Energy Management in North America
- How to Kick-Start the Carbon Removal Market: Shopify's Playbook