GRI table

Applying the GRI framework for reporting
Volvo Group applies the GRI (Global Reporting Initiative) framework for sustainability reporting. This voluntary framework sets out principles and indicators for measuring and reporting economic, environmental and social performance. The table below provides references to where the indicated GRI-information can be accessed in the CSR and Sustainability Report 2011. In some cases, reference is made to content in the Volvo Group Annual Report or the Corporate Governance Report for 2011. Volvo Group has chosen to self-declare the report to meet GRI Application Level B.
Profile
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1. Strategy and analysis
1.1 CEO statement Fully reported CEO comment
1.2 Description of key impacts, risks and opportunities Fully reported

Towards sustainable transport solutions

From risk to value

Global drivers

Future development

Risk management

2. Organizational profile
2.1 Name of the organization Fully reported About the Volvo Group
2.2 Primary brands, products, and services Fully reported About the Volvo Group
2.3 Operational structure of the organization Fully reported About the Volvo Group
2.4 Location of organization’s headquarters Fully reported About the Volvo Group
2.5 Countries where the organization operates Fully reported About the Volvo Group
2.6 Nature of ownership and legal form Fully reported About the Volvo Group
2.7 Markets Fully reported About the Volvo Group
2.8 Scale of the organization Fully reported About the Volvo Group
2.9 Significant changes during the reporting period Fully reported

Strategic approach

Governance

Economic responsibility

Value creation

Environmental responsibility

Social responsibility

2.10 Awards received during the reporting period Fully reported

Investor assessments

Environmental priorities

Employees

3. Report parameters
Report profile
3.1 Reporting period Fully reported About this report
3.2 Date of most recent previous report Fully reported About this report
3.3 Reporting cycle Fully reported About this report
3.4 Contact point for questions regarding the report Fully reported About this report
Report scope and boundary
3.5 Process for defining report content Fully reported About this report
3.6 Boundary of the report Fully reported About this report
3.7 Specific limitations on the scope or boundary of the report Fully reported About this report
3.8 Basis for reporting on joint ventures, subsidiaries, etc Fully reported Annual Report/Note 1 Accounting principles
3.9 Data measurement techniques and calculation principles Fully reported About this report
3.10 Explanation of the effect of any re-statements of information provided in earlier reports Fully reported

About this report

Annual Report/Note 1 Accounting principles

3.11 Significant changes from previous reporting periods regarding scope, boundaries, etc. Fully reported About this report
GRI content index
3.12 Table identifying the location of the Standard Disclosures in the report Fully reported GRI table
3.13 Policy and current practice with regard to seeking external assurance for the report Fully reported About this report
4. Governance, commitments & engagement
Governance
4.1 Governance structure of the organization Fully reported

Governance

Corporate governance

4.2 The Chairman of the Board's role in the organization Fully reported Corporate governance
4.3 Independent and/or non-executive board members Fully reported

Annual report/Corporate Governance Report/Independence requirements

4.4 Mechanisms for shareholders and employees to provide recommendations to the board Fully reported

Corporate governance

4.5 Principles for compensation to senior executives Fully reported Executive remuneration
4.6 Processes for avoiding conflicts of interests in the board Fully reported

Corporate governance

Annual report/Corporate Governance Report/Election Committee

Annual report/Corporate Governance Report/Independence requirements

4.7 Processes for determining the qualifications of board members Fully reported Annual Report/Corporate Governance Report/Election Committee
4.8 Mission, values, Code of Conduct, etc. Fully reported

Our CSR approach

Code of Conduct

Value creation

Environmental responsibility

4.9 The board's monitoring of the sustainability work Fully reported Governance
4.10 Processes for evaluating the board's own performance Fully reported Annual Report/Corporate Governance Report/The Board
Commitments to external initiatives
4.11 Explanation of whether and how the precautionary principle is applied Fully reported

Environmental priorities

4.12 Endorsement of external voluntary codes, principles or other initiatives Fully reported

Global Compact

Climate challenge

4.13 Memberships in associations Fully reported Memberships and initiatives
Stakeholder engagement
4.14 List of stakeholder groups Fully reported Stakeholders
4.15 Basis for identification and selection of stakeholders with whom to engage Fully reported Stakeholders
4.16 Approaches to stakeholder engagement Fully reported Stakeholders
4.17 Key topics and concerns that have been raised through stakeholder engagement Fully reported Stakeholders
Economic
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5. Economic indicators
Management approach disclosure Fully reported

CEO comment

Value creation

EC1 Direct economic value generated and distributed Fully reported Value creation
EC2 Risks and opportunities for the organization due to climate changes Fully reported

Global drivers

Climate challenge

EC3 Coverage of the organization’s defined benefit plan obligations Fully reported Annual Report/Note 20 Provisions for post-employment benefits
EC4 Financial assistance received from government Fully reported

Climate challenge

Annual Report/Note 26 Government grants

EC5 Range of ratios of standard entry level wage compared to local minimum wage Partially reported Development and opportunities
EC6 Policy, practices, and proportion of spending on locally-based suppliers Partially reported Suppliers
EC7 Local hiring and proportion of senior management hired from the local community Not reported Development and opportunities
EC8 Infrastructure investments and services provided for public purposes Fully reported

Climate challenge

Future development

EC9 Significant indirect economic impacts, including the extent of impacts Fully reported

From risk to value

Future development

Value creation

Environmental
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6. Environmental performance indicators
Management approach disclosure Fully reported Environmental priorities
Materials
EN1 Materials used by weight or volume Partially reported Product development
EN2 Percentage of recycled input materials Fully reported Product development
Energy*

* More information: Volvo Group’s Environmental data report

EN3 Direct energy consumption by primary source Partially reported Production performance
EN4 Indirect energy consumption by primary source Partially reported Production performance
EN5 Energy saved due to conservation and efficiency improvement Fully reported Production performance
EN6 Initiatives to provide energy-efficient or renewable energy based products/services Fully reported

Electromobilty

Carbon dioxide-neutral transports

Production performance

EN7 Initiatives to reduce indirect energy consumption and results Fully reported Production performance
Water*

* More information: Volvo Group’s Environmental data report

EN8 Total water withdrawal by source Partially reported Production performance
EN9 Water sources significantly affected by withdrawal Partially reported Production performance
EN10 Percentage and total volume of water recycled and reused Not reported Reported in the Volvo Group’s Environmental data report
Biodiversity
EN11 Location/scope of land owned near protected areas/areas of biodiversity value Fully reported

Production performance

EN12 Impacts of products or operations on biodiversity Fully reported Production performance
EN13 Strategies, actions and plans for managing impacts on biodiversity Partially reported Production performance
EN14 Strategies, actions and plans for managing impacts on biodiversity Fully reported Production performance
EN15 Number of IUCN Red List species affected by operations Partially reported Production performance
Emissions, effluents & waste* * More information: Volvo Group’s Environmental data report
EN16 Direct and indirect greenhouse gas emissions Fully reported Production performance
EN17 Other relevant indirect greenhouse gas emissions Fully reported Production performance
EN18 Initiatives to reduce greenhouse gas emissions Fully reported Production performance
EN19 Emissions of ozone-depleting substances Not reported Reported in the Volvo Group’s Environmental data report
EN20 NO, SO, and other significant air emissions Fully reported Production performance
EN21 Total water discharge Partially reported Production performance
EN22 Waste by type and disposal method Partially reported Production performance
EN23 Number and volume of significant spills Fully reported Production performance
EN24 Weight of handled waste deemed hazardous Fully reported

Production performance

EN25 Water bodies and related habitats affected by organization's water discharge Not reported

 

Products & services
EN26 Initiatives to mitigate environmental impacts of products and services Fully reported

Product development

Global product development process

Product impact

EN27 Products sold and their packaging materials that are reclaimed Partially reported Transports and logistics
Compliance
EN28 Fines and/or non-monetary sanctions for non-compliance with environmental laws Fully reported

Production performance

Annual Report/Note 24 Contingent Liabilities

Transport
EN29 Environmental impact of transports Fully reported Transport and logistics
EN30 Total environmental protection expenditures and investments by type Fully reported Investments for the future
Social
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7. Social performance indicators
Employment
Management approach disclosure Fully reported Employees
LA1 Total workforce by employment type, contract and region Fully reported

Employees

Annual Report/Note 27 Personnel

LA2 Rate of employee turnover by age group, gender and region Partially reported Employees
LA3 Benefits provided to full-time employees Fully reported Development and opportunities
LA4 Percentage of employees covered collective bargaining agreements Fully reported Labour relations
LA5 Minimum notice period(s) regarding operational changes Not reported
LA6 Percentage of total workforce represented in formal joint management-worker health and safety committees Fully reported Health and safety
LA7 Rates of injury, occupational diseases, lost days, work related fatalities Fully reported

Health and safety

Labour relations

LA8 Education, training, prevention and risk-control programs in place Fully reported Health and safety
LA9 Health and safety topics covered in formal agreements with trade unions Partially reported Health and safety
LA10 Average hours of training per year per employee Partially reported Development and opportunities
LA11 Programs for skills management and lifelong learning that support employees' career development Fully reported Development and opportunities
LA12 Employees receiving regular performance and career development reviews Fully reported Development and opportunities
LA13 Composition of governance bodies and employees according to diversity indicators Partially reported Diversity
LA14 Ratio of basic salary of men to women Not reported
Human rights
Management approach disclosure Fully reported

Code of Conduct

Human rights

HR1 Investment agreements that include human rights clauses Fully reported

Evaluating performance

Human rights

HR2 Suppliers that have undergone screening on human rights, and actions taken Fully reported Evaluating performance
HR3 Training and education of employees in human rights Fully reported

Evaluating performance

Human rights

HR4 Total number of incidents of discrimination and actions taken Fully reported Code of Conduct
HR5 Operations where freedom of association and collective bargaining may be at significant risk and actions taken Partially reported

Suppliers

Evaluating performance

HR6 Operations identified as having significant risk for incidents of child labour and actions taken Partially reported

Suppliers

Evaluating performance

HR7 Operations identified as having significant risk for incidents of forced or compulsory labour and actions taken Partially reported

Suppliers

Evaluating performance

HR8 Security personnel trained in human rights policies Not reported
HR9 Incidents of violations involving rights of indigenous people and actions taken Not reported
Society
Management approach disclosure Fully reported A neutral party
SO1 Programs for evaluating the operation's impacts on communities Fully reported A neutral party
SO2 Business units analyzed for risks related to corruption Fully reported Anti-corruption
SO3 Employees trained in the organization's anti-corruption policies and procedures Fully reported Anti-corruption
SO4 Actions taken in response to incidents of corruption Fully reported Code of Conduct
SO5 Participation in public policy development and lobbying Fully reported A neutral party
SO6 Financial and in-kind contributions to political parties, politicians and related institutions Fully reported A neutral party
SO7 Legal actions for anti-competitive behaviour Fully reported

Code of Conduct

Anti-corruption

Annual Report/Note 24 Contingent Liabilities

SO8 Monetary value of fines for non-compliance with applicable laws Partially reported Annual Report/Note 24 Contingent Liabilities
Product responsibility
Management approach disclosure Fully reported

Investments for the future

Product development

PR1 Life cycle stages in which health and safety impacts of products and services are assessed Fully reported

Product development

Global product development process

PR2 Incidents of non-compliance with regulations concerning health and safety impacts of products Fully reported Annual Report/Note 24 Contingent Liabilities
PR3 Type of products and service information required by procedures, and percentage of products subject to such information requirements Fully reported Product development
PR4 Incidents of non-compliance with regulations concerning product labelling Fully reported Annual Report/Note 24 Contingent Liabilities
PR5 Results related to customer satisfaction, including results of surveys Fully reported

Stakeholders

Investments for the future

PR6 Programs for adherence to laws, standards and voluntary codes for marketing communications Partially reported

Investments for the future

Environmental priorities

PR7 Incidents of non-compliance with regulations concerning marketing communications Fully reported Annual Report/Note 24 Contingent Liabilities
PR8 Substantiated complaints regarding breaches of customer privacy Not reported
PR9 Monetary value of fines for non-compliance with regulations concerning products and services Fully reported Annual Report/Note 24 Contingent Liabilities

Legend

Fully reported

Partially reported

Not reported

More information is available in the Volvo Group’s Environmental data report, which is available on www.volvogroup.com/responsibility in mid-April.