Volvo ABVolvo AB - ESG Rating & Company Profile powered by AI

Industry Group:Heavy Machinery & Vehicles

This webpage is a free E,S&G analysis covering Volvo AB. If you work at Volvo AB and you wish to use your ESG rating, please contact us. The assessment of Volvo AB incorporates data from across the internet as well as from public filings by Volvo AB.

Volvo AB in the Heavy Machinery & Vehicles industry gained a UN SDG ESG Transparency Score of 6.8; made up of an environmental score of 8.0, social score of 7.0 and governance score of 5.3.

SDG Transparency Score for Volvo AB 
Low
0 - 3

6.8

Medium Impact
4 - 6
High
7 - 10
Last Score Update: 2023-07-01
What drives the score for Volvo AB 
8.0

Environmental

7.0

Social

5.3

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
1Manitowoc Company Inc
8.7
High
2Cummins Inc
8.4
High
60CIMC Vehicles Group Co Ltd
6.9
High
60Farnova Group Holdings Ltd
6.9
High
62Volvo AB
6.8
High
62CRRC Corp Ltd
6.8
High
62Exel Industries SA
6.8
High
.........
258Zavod Start OAO
0.0
Low
258Zavolzhskiy Zavod Gusenichnykh Tyagachey OAO
0.0
Low
.........
View the full peer group of 354 companies on the SEVVA platformSign up for free
Peer Companies Benchmark
SEVVA Platform benchmarks each company against a peer group. View the full score distribution for peers by logging into SEVVA

Frequently Asked Questions

Does Volvo AB have an accelerator or VC vehicle to help deliver innovation?

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Does Volvo AB disclose current and historical energy intensity?

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Does Volvo AB report the average age of the workforce?

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Does Volvo AB reference operational or capital allocation in relation to climate change?

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Does Volvo AB disclose its ethnicity pay gap?

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Does Volvo AB disclose cybersecurity risks?

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Does Volvo AB offer flexible work?

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Does Volvo AB have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

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Does Volvo AB disclose the number of employees in R&D functions?

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Does Volvo AB conduct supply chain audits?

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Does Volvo AB disclose incidents of non-compliance in relation to the health and safety impacts of products and services?

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Is there a statment that there is no plan to expand their cement production? (for example: 'We have no current plans to add additional cement making capacity')

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Does Volvo AB conduct 360 degree staff reviews?

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Does Volvo AB disclose the individual responsible for D&I?

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Does Volvo AB disclose current and historical air emissions?

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Is there a statment that there is no plan to expand their coal usage? (for example: 'We have no current plans to add additional coal powered electricity generation')

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Is executive remuneration linked to climate performance?

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Does the Board describe its role in the oversight of climate-related risks and opportunities?

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Does Volvo AB disclose current and / or historical scope 2 emissions?

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Does Volvo AB disclose water use targets?

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Does Volvo AB have careers partnerships with academic institutions?

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Did Volvo AB have a product recall in the last two years?

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Does Volvo AB disclose incidents of discrimination?

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Does Volvo AB allow for Work Councils/Collective Agreements to be formed?

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Has Volvo AB issued a profit warning in the past 24 months?

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Does Volvo AB disclose parental leave metrics?

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Does Volvo AB disclose climate scenario or pathway analysis?

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Does Volvo AB disclose current and / or historical scope 1 emissions?

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Are Operating Expesnses linked to emissions reduction?

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Does Volvo AB disclose the pay ratio of women to men?

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Does Volvo AB support suppliers with sustainability related research and development?

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Does Volvo AB disclose the number of operations that have been subject to human rights reviews or human rights impact assessments?

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Does Volvo AB reflect climate-related risks in its financial statements?

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Is there a statment that there is no plan to expand their carbon intensite energy assets? (for example: 'We have no current plans to carry out further drilling for oil,')

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Is Volvo AB involved in embryonic stem cell research?

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Does Volvo AB disclose GHG and Air Emissions intensity?

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Does Volvo AB disclose its waste policy?

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Does Volvo AB report according to TCFD requirements?

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Does Volvo AB disclose its policies for bribery, corruption, whistle-blower, conflict of interest?

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Does Volvo AB disclose energy use targets?

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Does Volvo AB disclose its Renewable Energy targets?

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Are emissions metrics verified by STBi?

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Does Volvo AB have a policy relating to cyber security?

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Potential Risks for Volvo AB
These potential risks are based on the size, segment and geographies of the company.

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company offers trucks for long-haulage, construction, mining, and distribution purposes under the Volvo, UD Trucks, Renault Trucks, Mack, Eicher, Arquus, cellcentric, and Dongfeng Trucks brands; and city and intercity buses, coaches, and bus chassis, as well as associated transport systems under the Prevost and Nova Bus brands. It also provides construction equipment, including excavators, articulated and rigid haulers, wheel loaders, road construction machines, pavers, and compactors under the brand names of Volvo, and SDLG Trucks. In addition, the company offers engines and power solutions for leisure and commercial vessels, as well as for power generation, industrial, and off-road applications under the Volvo Penta brand name. Further, it provides financing, insurance, rental, spare parts, repair, preventive maintenance, service agreement, and assistance services. The company offers its products and services through a network of dealerships and workshops. It has a strategic alliance with Isuzu Motors within commercial vehicles; a partnership with Samsung SDI Co to develop battery packs for its trucks; and an agreement with NVIDIA and Aurora to develop autonomous trucks. AB Volvo (publ) was incorporated in 1915 and is headquartered in Gothenburg, Sweden.

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