Accounting principles

For the financial statement of the Volvo Group, find the accounting principles in note 1 in the Annual Report 2012. In this section we give further guidance on some of the data which are also described in the Annual Report.

Financial data

The financial data is based on the accounting principles described in the Annual Report. See link above right.

Employees data

The HR data is based on principles described in the Annual report. See link above right.

Several mandatory Group-wide training programs are offered, like the e-learning programs on anti-corruption, Code of Conduct and competition law.

Number of employees completing e-learning

The Volvo Group has an IT-based system for distributing and following up of electronic trainings for our employees. Several mandatory Group-wide training programs are offered, like the e-learning programs on anti-corruption, Code of Conduct and competition law. The results from those trainings, which are presented in this report, are collected from our internal IT-system which reaches only approximately 50 percent of our employees. Additional employees have been trained by their managers in other manner and those results are not included in the statistics.

Supplier assessments data

The performance data from supplier assessment has been calculated based on data reported to IT-support system VSIB (Volvo Supplier Information Base). The assessment is done on a plant level, i.e. on the actual location where the supplier deliver from. The volume performance is calculated based on the purchased value of goods used in the products if nothing else is stated.

The Volvo Group’s risk assessment is based on index and data from international recognized institutions and is used to identify and prioritize our efforts on suppliers considered to be facing higher risk due to their location.

At the end of 2012 the Volvo Group had 67 majority-owned production plants around the world that are included in the environmental data reporting.

Environmental data

At the end of 2012 the Volvo Group had 67 majority-owned production plants around the world that are included in the environmental data reporting. In addition, data from all Parts and Logistics facilities are included. The environmental performance for industrial operation is reported in absolute values related to new sales.

The implementation of environmental management systems helps to assure the quality of the reported data. Internal monitoring and control are important elements of this activity.

Environmental audits are also carried out under the direction of the Group’s environmental auditor as a means of monitoring environmental activities. In addition, the auditor is responsible for the examination of environmental data. This is carried out as part of the normal plant audits and when reporting environmental data for the Group’s Annual Report.

Energy consumption

Energy consumption (direct and indirect) is measured in both direct supply of energy and indirect supply of energy (energy produced by other than the Volvo Group). All energy used at the plant, except internally recovered, are included.

The consumption is based on meter reading and invoices.

Carbon dioxide emissions

The total amount of energy, including energy used for heating and cooling, processes, product testing and internal transportation is used to calculate the energy index. Carbon dioxide emissions from inbound and outbound transports as well as business travel are not included. The consumption is based on meter reading and invoices.

Water consumption

The water consumption includes drinking water, industrial water and steam. The consumption is based on meter reading and invoices.

Emissions of sulphur dioxide and nitrogen oxides

These emissions are based on the use of energy and the amount of product testing in test rigs. The consumption is based on meter reading and invoices.

Hazardous waste

The national regulations are used to divide the generated waste into hazardous and non-hazardous. The consumption is based on invoices.

Emissions of solvents (VOCs)

The emission of solvents mainly comes from painting and surface treatment processes. The consumption is based on invoices.