Managing our business risks and impacts
Realizing the Volvo Group’s ambition of becoming the world leader in sustainable transport solutions requires the trust of all our stakeholders. Trust is based on reputation, which our company earns by consistently striving to behave in a responsible manner.
We firmly believe that sound business practices are profitable in the long run as they help to establish our company’s reputation as a reliable business partner.
The Volvo Group’s approach to CSR and sustainability is based on:
- conducting business in a responsible manner
- taking stakeholders’ perspectives into account
- creating value for our shareholders and society
- contributing to sustainable development.
Behaving responsibly is the only foundation upon which we can build a truly sustainable business
For us, behaving responsibly is the only foundation upon which we can build a truly sustainable business. Our approach to CSR and sustainability – starting with compliance with the principles in the Code of Conduct and risk management – is integrated into our policies and implemented through our everyday business decisions and actions.
Issues such as business ethics, corporate governance, human rights, environmental impacts, safety, responsible sourcing and lifecycle management are all ranked highly in the Volvo Group’s materiality matrix. They are of significant importance to our business and our stakeholders expect us to report on how we manage and mitigate these risks.