![Anders Gustafsson Volvo](https://insights.diligent.com/wp-content/uploads/2020/10/Anders-Gustafsson-ESG-Social.jpg)
Q: Can you please share with me how Volvo views ''sustainability''? A: For Volvo Cars, it's about minimizing our environmental impact, maximizing our social impact and caring for our customers and employees. There is a Swedish word that means ''caring'' and ''consideration,'' but also importantly ''to think again.'' This word is ''omtanke'' and summarizes our way of protecting what's important to you. Sustainability is not a box-ticking exercise, it is business critical, and it's a significant commercial opportunity for companies that ''get it right.'' Q: Can you share at a very high level what is Volvo's approach to fulfilling commitments to sustainability? A: Our efforts will be concentrated to three key areas: Climate Action, Circular Economy, and Ethical and Responsible Business. Reducing CO2 is the highest priority in our sustainability strategy. By electrifying our cars, working with suppliers and addressing global operations, we target carbon neutrality in line with the Paris Agreement. We have committed to being a climate-neutral company by 2040. By 2040 we also aim to be a circular economy by designing for value retention, resource efficiency and by eliminating waste. We are also committing to responsible business conduct and ethical values. We aim to be the employer of choice by offering a safe, motivating and inclusive workplace and engaging in partnerships to promote sustainable development. Q: When it comes to ESG, it is important to measure and report on programs to ensure they are effective. How is Volvo working towards having measurable ESG outputs? A: Between 2018 - 2025 we will reduce our overall CO2 emissions per car by 40% by:
- 50% reduction in tailpipe emissions
- 25% reduction in supply chain emissions
- 25% reduction in operational emissions
- SDG 13: Climate Action
- SDG 11: Sustainable Cities and Communities (through the electrification of our fleet)
- SDG 12: Responsible Consumption and Production (through adoption of the circular economy and making better use of resources)
- SDG 5: Gender Equality (through our efforts to increase gender parity)
- SDG 8: Decent Work and Economic Growth (through both our commitment to providing a Living Wage, and protecting human and labor rights within our own operations and our supply chain)
Operationalizing ESG: A Checklist for Boards
![ESG Checklist](https://insights.diligent.com/wp-content/uploads/2020/10/ipad-ESG-Checklist-923x1024.jpg)
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Media Highlights
Environmental, social and governance (ESG) issues have become more complex and multifaceted than ever before. At the same time, ESG continues to ascend on board and leadership agendas.
In this buyer’s guide, we explore what a market-leading ESG solution should look like and highlight the key areas organisations should be prioritising as they embark on their search.