Sustainability objectives

Long-term, the Volvo Group’s CSR and sustainability ambitions include being: 

  • proven innovators of energy-efficient transport and infrastructure solutions 
  • amongst the most profitable in our industry 
  • our customers’ closest business partner
  • a contributor to societal development, globally and locally
  • an employer of choice with a global team of high-performing people, with more women and minorities in leadership positions
  • a carbon-neutral manufacturer and provider of carbon-neutral transport

and to achieve zero accidents with the Volvo Group’s products.

Our long-term ambitions are broken down into shorter-term targets and activities. In line with our CSR and sustainability model and 2013 materiality matrix, we have chosen to report on the following targets. More detail on our management approach and performance is included throughout this report. The Volvo Group’s financial goals and progress are described in our Annual Report.

Sustainability reporting definitions

Material issues
These are relevant environmental, economic and social issues that senior management and external stakeholders believe could substantially affect an organization’s sustainability performance

Materiality assessment
This is the process of assessing and scoring an organization’s key environmental, economic and social issues – known as 'material issues' – according to their potential impact on business performance and their relative importance to external stakeholders

Materiality matrix
This is a chart that visually maps an organization’s material issues – its key environmental, economic and social issues – according to the scoring given by internal and external stakeholders.