Volvo Group

InfluenceMap Score
D+
Performance Band
61%
Organisation Score
43%
Relationship Score
Modifications to InfluenceMap Scoring
Sector:
Automotive
Head​quarters:
Gothenburg, Sweden
Brands and Associated Companies
Volvo, Renault Trucks, Mack, Nova Bus

Climate Lobbying Overview: Volvo Group is engaging with a variety of strands of climate policy with mixed positions. The company has stated support for a high-level policy areas such as the European Green Deal, but appears to take more mixed positions on detailed regulation, particularly around EU CO2 standards for heavy-duty vehicles and policies to encourage the uptake of zero emissions trucks such as California’s Advanced Clean Trucks Regulation. The company retains memberships to a number of trade associations known to be obstructive on climate policy.

Top-line Messaging on Climate Policy: Volvo Group appears to support emissions reductions in line with the recommendations of the IPCC, stating in an April 2020 press release that it “shared the Green Deal vision of sustainable transport and a carbon-neutral Europe by 2050.” In an April 2020 Bloomberg article, the company stated its support for a ‘green recovery’ from COVID-19 for the EU in line with the Green Deal ambition of a net zero EU by 2050. The company has also supported the Paris Agreement, signing the ‘We Are Still in Pledge’ in 2017.

Engagement with Climate-Related Regulations: Volvo Group appears to be engaged on GHG standards for vehicles with mixed positions. In 2018, Volvo Group appears to have advocated to the Swedish Government that the EU Commission proposed CO2 targets for heavy-duty vehicles are “far too ambitious”, instead suggesting weaker targets with smaller penalties. In a 2018 consultation response to the EU Commission on emissions standards for heavy vehicles, the company appears to support stringency relaxation for certain vehicle groups, supporting various labelling schemes and incentives over standards. Despite this, Volvo’s 2019 Sustainability Report (released in 2020) states that EU efforts to regulate CO2 emissions from heavy-duty vehicles proceeded with “broad support from the Volvo Group.” In the United States however, Volvo Group appears to have supported Corporate Average Fuel Economy (CAFE) standards for heavy-duty vehicles according to notes from an April 2016 meeting between the company and the Department of Transport and National Highway Traffic Safety Administration, and has strongly supported the closing of loopholes in US fuel economy standards for heavy-duty vehicles.

Positioning on Energy Transition: Volvo Group has stated support for the decarbonization of road transport in a December 2020 press release and, in a joint statement in December 2020 with ACEA and a number of other European truck makers, has called for commercial vehicles to be ‘fossil free’ by 2040. The company also, in a February 2019 press release, called for increased subsidies and tax breaks for 'climate-efficient' technologies in the heavy-duty vehicle segment. The group seems to also voiced support for Zero Emission Vehicle (ZEV) incentives with some exceptions in Sweden in August 2018 and has supported vehicle replacement schemes and incentives to encourage greater uptake of vehicles that produce fewer emissions in the EU. However, Volvo Group appears to have opposed California’s Advanced Clean Trucks Regulation, arguing in a consultation response that sales mandates were inappropriate and supporting greater flexibility in the regulation in December 2019 and May 2020.

Industry Association Governance: Volvo Group summarizes its memberships of industry associations into broad categories in its 2019 GRI Report and states that a specific list of memberships 2019-2020 is available on request. The company is a member of a number of obstructive trade associations; the chairman of Volvo Group, Carl-Henric Svanberg is the chair of European Round Table for Industry (ERT) and the company’s CEO, Martin Lundstedt is on the board of the European Automobile Manufacturers Association (ACEA), while the president of major subsidiary Mack Trucks is on the board of the National Association of Manufacturers (NAM). Volvo Group is also a member of the Society of Indian Automobile Manufacturers (SIAM), Automobile Manufacturers Association (JAMA), Society of Motor Manufacturers and Traders (SMMT) and German Automotive Association (VDA).

QUERIES
DATA SOURCES
Main Web Site Social Media CDP Responses Legislative Consultations Media Reports CEO Messaging Financial Disclosures
Communication of Climate Science
1 NS NS NS NS NS NS
Alignment with IPCC on Climate Action
NS 1 NA NS 2 2 NS
Supporting the Need for Regulations
NS NS NS NS 2 NS NS
Support of UN Climate Process
NS 1 NS NS 0 NS NS
Transparency on Legislation
-1 NA -2 NA NA NA NS
Carbon Tax
NS NS NS NS NS NS NS
Emissions Trading
NS NS NS NS NS NS NS
Energy and Resource Efficiency
0 1 NS -1 NS NS NS
Renewable Energy
NS NS NS NS NS NS NS
Energy Transition & Zero Carbon Technologies
NS 1 NS -1 1 1 NS
GHG Emission Regulation
NS 1 NS 0 0 NS NS
Disclosure on Relationships
-1 NS -2 NA NA NA NS
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
57%
 
57%
 
27%
 
27%
 
34%
 
34%
 
50%
 
50%
 
42%
 
42%
 
36%
 
36%
 
37%
 
37%
 
45%
 
45%
 
45%
 
45%
 
48%
 
48%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.