Volvo to cut carbon footprint 40 per cent by 2025
Swedish car giant Volvo has revealed plans to dramatically reduce its overall carbon emissions over the next six years.
As part of its ambition to become carbon neutral by 2040, Volvo Cars is planning to scale back its lifecycle footprint by 40 per cent between 2018 and 2025. The carmaker is aiming for 50 per cent of its global sales to be fully electrical vehicles by 2025. Other goals that will impact its overall emissions include a 25 per cent reduction of CO2 emissions related to its global supply chain, a 25 per cent share of recycled plastics in new Volvo cars, and a 25 per cent reduction of carbon emissions generated by the company’s overall operations, including manufacturing and logistics.
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“We are transforming our company through concrete actions, not symbolic pledges,” said Håkan Samuelsson, president and chief executive officer of Volvo Cars.
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