Volvo has launched an ambitious plan to reduce its lifecycle carbon footprint per car by 40 percent between 2018 and 2025.
The vehicle manufacturer says the announcement is the first step towards its ambition of becoming a climate neutral company by 2040.
Volvo plans to tackle carbon emissions in its manufacturing network, its wider operations, its supply chain and through recycling and reuse of materials.
“At Volvo Cars we will address what we control, which is both our operations and the tailpipe emissions of our cars,” said Håkan Samuelsson, Chief Executive. “And we will address what we can influence, by calling on our suppliers and the energy sector to join us in aiming for a climate neutral future.”
To realise a 40 percent reduction of its CO2 footprint per car by 2025, the company aims to generate 50 percent of global sales from fully electric cars by 2025 which would result in a 50 percent reduction in tailpipe carbon emissions per car between 2018 and 2025.
Other short-term ambitions include a 25 percent reduction of CO2 emissions related to its global supply chain by 2025, a 25 percent share of recycled plastics in new Volvo cars by 2025 and a 25 percent reduction of carbon emissions generated by the company’s overall operations, including manufacturing and logistics.
