Items Tagged with "Volvo Group"

Volvo's Climate Targets Approved by SBTi

Volvo Group announced June 8 that its climate targets have been validated by the Science Based Targets initiative to align with the Paris Agreement’s 1.5-degree target.The automaker first committed to establishing targets along a path to a net-zero value chain by 2050 back in November. Now, th Read More...

Volvo Group Secures Long-Term Renewable Energy for Operations

To meet the growing demand for clean energy, Volvo Group signed a long-term agreement to purchase 50% of the renewable electricity produced at a wind park in Sweden, which equates to ~230GWh/year, over a 10-year period starting in the last quarter of 2025.The company partnered with Vattenfall, the l Read More...

Volvo Group Adds Green Steel

Volvo Group entered into an agreement to purchase near zero-emission steel to reach a net zero GHG emission value chain by 2040.  Under the long-term agreement, Volvo Group will purchase near zero-emission steel from H2 Green Steel’s new plant in Boden in northern Sweden. Production Read More...

Volvo Group, Renault Group Form New Co to Build Electric Vans

The Renault Group and Volvo Group have partnered to create a new company managing the development of an all-new generation of electrified vans. The two companies also announced that CMA CGM, a French shipping and logistics company, will join the new company. The newly formed company will m Read More...

Volvo Group Enters Into JV to Lower Long-Haul Transport Emissions

The Volvo Group signed an agreement to establish a joint venture to lower CO2 emissions from long-haul transport.The agreement was signed to accelerate the commercialization and global adoption of Westport's High Pressure Direct Injection (HPDI™) fuel system technology for long-haul and off-ro Read More...