Volvo Cars has received the highest rating for its sustainability performance from EcoVadis, a provider of corporate sustainability assessments.
The platinum medal rating places Volvo Cars in the top 1% among all 75,000 companies assessed by EcoVadis.
“Sustainability is as important as safety to us at Volvo Cars,” said Anders Kärrberg, head of global sustainability at Volvo Cars. “We are taking action across the board to ensure we become a more sustainable business, including through reduction of our carbon footprint.”
Volvo Cars’ comprehensive climate plan aims for the company to become carbon-neutral by 2040. The company is tackling carbon emissions in its manufacturing network, its supply chain and through recycling and reuse of materials.
The company is currently aiming to reduce its lifecycle carbon footprint per car by 40% between 2018 and 2025.
EcoVadis reviews how companies implement sustainability across their supply chain. It divides its report into four main categories: environment, labor and human rights, ethics and sustainable procurement.
At Volvo, EcoVadis highlighted several of the company’s ongoing sustainability activities, including its CO2 reduction actions across its supply chain and its promotion of diversity and inclusion, as well as its initiatives to protect labor rights.
Volvo Cars built its first U.S. plant in Ridgeville, South Carolina in 2015. The 2.3 million-square-foot plant currently produces the S60 mid-size sedan. It is adding the XC90 SUV to its lineup in 2022. With the two car lines, the plant is expected to produce approximately 150,000 cars annually.