Volvo CE commits to ‘significant’ emission reductions
By Andy BrownJune 21, 2021
Volvo Construction Equipment (Volvo CE) announced it’s aiming to achieve net-zero value chain emissions by 2040, with significant emission reductions as early as 2030.
The target of net-zero value chain greenhouse gas emissions by 2040 is a commitment for Volvo Group across all business areas.
This is because Volvo products have an average lifetime of 10 years in the customer use phase, so for the entire rolling fleet to have net-zero emissions by 2050, it is necessary that all products delivered after 2040 have net-zero emissions.
Volvo CE has also set its own high interim goals to be met by 2030, including cutting emissions in half in its own operations, facilities and manufacturing processes, and achieving 30% in absolute reductions in the use of its products, whose indirect emissions account for the highest proportion of the company’s carbon emissions.
For the construction equipment industry, the majority of emissions are those referred to as indirect emissions; the emissions created when the machines are being used as soon as they leave the factories.
“Climate change is real and one of the greatest challenges of our time,” said Volvo CE President Melker Jernberg. “As a world-leading manufacturer, we not only have a responsibility to reduce our carbon footprint, we also have the clear vision, determination and talents to drive this transformation that is so urgently needed now. The choices we make today will form the world tomorrow – and we choose to act.”
The OEM says that one way it is tackling climate change is by embracing the three streams of electromobility: battery-electric machines, hydrogen fuel-cell powered equipment and improved internal combustion engine solutions. In January 2019, Volvo CE revealed it would launch a range of electric compact excavators (EC15 to EC27) and wheel loaders (L20 to L28) and stop new diesel engine-based development of these models.
“New exciting technology is definitely one of the key ways to reduce carbon impact,” said Niklas Nillroth, head of sustainability and public affairs at Volvo CE. “However, another significant driver in achieving these targets will be a new level of collaboration, internally as well as externally though partnerships. Only with joint efforts, where each and every one of us takes responsibility for our part with a holistic mindset, will we be able to collectively reach these important goals.”