Our Taizhou manufacturing plant has switched to biogas, making it our first plant in China to obtain climate-neutral standing. The plant’s swap from pure fuel will end in a discount of greater than 7,000 tonnes of 2 per yr.
Despite being a small share of our whole Scope 1-3 emissions of million tonnes, securing climate-neutral vitality for our Taizhou plant is an necessary step in direction of our aim of having local weather–impartial manufacturing operations by 2025 and lowering emissions throughout our international operations. This ambition is additionally a part of our broader purpose to succeed in web zero greenhouse fuel emissions by 2040.
Just like all our manufacturing crops worldwide, the Taizhou plant already used climate-neutral electrical energy, and this newest transfer makes positive that it additionally has climate-neutral heating. It’s our second automotive plant globally to turn into local weather–impartial after our Torslanda facility in Gothenburg, Sweden.
“We’re acting fast when viable climate-neutral energy alternatives become available,” says Javier Varela, Chief Operating Officer and Deputy CEO at Volvo Cars. “The switch to biogas at our Taizhou plant demonstrates how each of our manufacturing locations across the globe is developing its own climate-neutral energy mix, based on what’s available in the region.”
Our Taizhou plant’s vitality provide includes of electrical energy and heating. It produces round 40 per cent of its electrical energy want from on-site photo voltaic panels – a share that’s set to broaden within the coming years. The remaining 60 per cent, which comes from the grid, can be climate-neutral electrical energy from solar. Its heating want is, with this newest swap, met by utilizing climate-neutral biogas.
Volvo Cars recently expanded our sustainability strategy with new bold objectives for the approaching years. Our new purpose to succeed in zero greenhouse fuel emissions by 2040 builds on our previous ambition of being local weather impartial by 2040. It clarifies that our first priority is to cut back actual emissions earlier than turning to carbon removals to mitigate any unavoidable emissions. We are additionally encouraging our suppliers to do the identical.
Since the discharge of our firm’s first sustainability technique in 2019, we now have made good progress in direction of our local weather motion targets. On high of lowering CO2 emissions from our whole operations by utilizing 74 per cent local weather–impartial vitality, we’re additionally progressing properly in direction of our 2 goals.
Volvo Cars in 2023
For the total yr 2023, Volvo Car Group recorded a record-breaking core working revenue of SEK 25.6 billion. Revenue in 2023 amounted to an all-time excessive of SEK 399.3 billion, whereas international gross sales reached a file 708,716 automobiles.
About Volvo Car Group
Volvo Cars was based in 1927. Today, it is without doubt one of the most well-known and revered automotive manufacturers on this planet with gross sales to clients in additional than 100 international locations. Volvo Cars is listed on the Nasdaq Stockholm change, the place it’s traded underneath the ticker “VOLCAR B”.
“For life. To give people the freedom to move in a personal, sustainable and safe way.” This goal is mirrored in Volvo Cars’ ambition to turn into a completely electrical automotive maker by 2030 and in its dedication to an ongoing discount of its carbon footprint, with the ambition to be a climate-neutral firm by 2040.
As of December 2023, Volvo Cars employed roughly 43,400 full-time workers. Volvo Cars’ head workplace, product growth, advertising and marketing and administration capabilities are primarily positioned in Gothenburg, Sweden. Volvo Cars’ manufacturing crops are positioned in Gothenburg, Ghent (Belgium), South Carolina (US), Chengdu, Daqing and Taizhou (China). The firm additionally has R&D and design centres in Gothenburg and Shanghai (China).