Volvo Cars

Automobile Manufacturers

VOLCAR-B.ST

SEK 38 1.5

Share price

$ 11 bn

Market Cap

$ 9 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.4x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -9.3% weighted average for S&P 500

FY2022

Volvo Cars aims to reduce Scope 1 + 2 by 60% by 2030 from a base year 2019

1.5°C/Well-below 2°C

GHG emissions and Carbon intensity

Volvo Cars reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 122 Kt (-63 /-34.1% y-o-y). At the same time, carbon intensity .

Volvo Cars's Scope 3 emissions was down at 31,498 Kt (-1,911 /-5.7% y-o-y). This is broadly in line with the declining trend (CAGR -5.8%) since 4Q'19.

The company is committed to reducing Scope 1 + 2 by 60% by 2030 from a base year 2019, which translates into the estimated reduction of -3.4 Kt per annum over the period of FY2022 - FY2030. This target has beeen submitted to SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	122	77	45	31,498	32,953	3.7
2020Q4	185	84	101	33,409
2019Q4	228	97	131	37,708
2018Q4	189	93	96	36,191