The Volvo Group's commitment
In this chapter:
Our Corporate Social Responsibility (CSR) and sustainability commitment is based on our vision, core business, operating context, stakeholders’ expectations as well as our core values and company culture.
The Volvo Group is committed to:
- conducting business in a responsible manner
- taking stakeholders’ perspectives into account
- creating value for our shareholders and society
- contributing to sustainable development
During 2012 a project to review and further define the Volvo Group’s CSR and sustainability strategy was carried out.
Based on the ten principles in the United Nations Global Compact Initiative, other internationally recognized norms of behavior, and interviews with internal and external stakeholders, the Volvo Group has developed a model that describes how we approach CSR and sustainability. The Sustainability Report 2012 is based on this model visualized as a pyramid.
The foundation is sustainable profitability and the Volvo Group core values and company culture, which are also key aspects of the CSR and sustainability commitment.
The base of the pyramid comprises the activities that are conducted in order to be a socially responsible company. This includes risk management with a focus on compliance aimed at maintaining the Volvo Group’s reputation as a trustworthy company. These activities are an integrated part of our everyday business and are described under Value Chain.
The middle part of the pyramid is the Volvo Group’s engagement in society. The Group takes an active part in the development of a more sustainable society by applying our unique knowledge, experience and resources to addressing societal challenges, such as traffic safety, health and education.
These activities create shared value, meaning that both society and the Volvo Group benefit from them. To read more, see Society Engagement.
The overall objective of the Volvo Group’s CSR work is to contribute to sustainable development and ultimately to fulfill the Group’s vision. The top of the pyramid represents the vision – to become the world leader in sustainable transport solutions. We contribute to sustainability through our particular expertise in the development of sustainable transport solutions. We join our forces with universities, authorities and other companies to develop tomorrow’s transport solutions. Read more about these initiatives under Future Transports.