Volvo Cars has received the highest rating for its sustainability performance from EcoVadis, a leading provider of corporate sustainability assessments, further strengthening its position as one of the most sustainability-minded companies in the car industry.
According to EcoVadis, Volvo Cars’ sustainability performance deserves an ‘Advanced’ ranking, based on the agency’s methodology. The resulting Platinum Medal rating places Volvo Cars in the top one per cent among all 75,000 companies assessed by EcoVadis.
Volvo Cars has a comprehensive climate plan which addresses carbon emissions across all its operations and products, towards its ambition to become a climate-neutral company by 2040.
The plan goes beyond addressing tailpipe emissions through electrification; the company says it will also tackle carbon emissions in its manufacturing network and wider operations, its supply chain and through recycling and reuse of materials.
As a first tangible step towards its 2040 vision, the company aims to reduce its lifecycle carbon footprint per car by 40 per cent between 2018 and 2025.
The methodology used by EcoVadis is based on international sustainability standards and supervised by a scientific community of sustainability and supply chain experts.