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Committed to the planet and accelerating its step towards sustainability, Volvo Cars, founded in 1927, began 2024 by presenting its new objectives and approaches in biodiversity to set the goal that by 2025, all its debt will relate to sustainable financing initiatives.
Through bold goals for 2030 and 2040, the company is committed to taking non-negotiable actions to combat climate change and complete the transition to fully electric vehicles.
Volvo Cars 2030’s sustainability goals include reducing CO² emissions per vehicle and increasing recycled materials in its vehicle line.
The company parallelally focused on halving water use for its operations and ensuring that at least 99 percent of its waste is recycled or reused.
By 2040, Volvo Cars aims to achieve net zero greenhouse gas emissions. The company has already accomplished fundamental advances, such as operating 69% of its activities with neutral energy in environmental terms and reducing CO² emissions per vehicle since 2018.
By 2025, the Swedish company aims to fully link its financing to sustainable practices, demonstrating the importance of finance in sustainable development. In 2030, Volvo Cars aims to become exclusively an electric car manufacturer and reduce CO² emissions per vehicle by 75 percent compared to 2018.
So, if you are considering investing in a car that reflects your commitment and conscience, it is worth knowing this information.
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