Volvo Car Group is a Swedish multinational automobile company that designs, manufactures, and sells luxury cars, SUVs, and commercial vehicles. The company was founded in 1927 and has since then been known for its commitment to safety, innovation, and sustainability. Volvo Car Group is headquartered in Gothenburg, Sweden, and operates in over 100 countries worldwide.

In recent years, the automobile industry has been under increasing pressure to reduce its carbon footprint and contribute to global decarbonisation efforts. As a responsible corporate citizen, Volvo Car Group has taken proactive steps towards reducing its environmental impact and promoting sustainable practices. The company has set ambitious targets to become climate-neutral by 2040 and has already made significant progress towards achieving this goal.

One of the key strategies adopted by Volvo Car Group to reduce its carbon footprint is the use of renewable energy. The company has invested heavily in renewable energy sources such as wind and solar power to power its manufacturing facilities and offices. In 2020, Volvo Car Group signed a corporate power purchase agreement (PPA) with Swedish wind power company, Markbygden Ett, to purchase renewable energy for its operations. This agreement will enable Volvo Car Group to source 100% of its electricity from renewable sources by 2025.

Corporate energy management is another area where Volvo Car Group has made significant progress. The company has implemented energy-efficient technologies and processes across its operations, resulting in significant reductions in energy consumption and greenhouse gas emissions. For example, the company's manufacturing facility in Skövde, Sweden, has reduced its energy consumption by 40% since 2008, and its engine plant in Skövde has reduced its carbon emissions by 70% since 2010.

Volvo Car Group has also been actively involved in promoting decarbonisation in the wider automobile industry. The company is a member of the Science-Based Targets initiative, which aims to promote the adoption of science-based targets for reducing greenhouse gas emissions. Volvo Car Group has set science-based targets for its own operations and is working with its suppliers and partners to encourage them to set similar targets.

In addition to renewable energy and energy management, Volvo Car Group is also exploring other innovative solutions to reduce its environmental impact. The company is investing in electric and hybrid vehicles and has set a target for electric vehicles to make up 50% of its global sales by 2025. Volvo Car Group has also launched a car-sharing service in Sweden called M, which allows users to rent electric and hybrid vehicles on a pay-per-use basis.

Overall, Volvo Car Group is a company that is committed to sustainability and decarbonisation. The company's focus on renewable energy, energy management, and innovative solutions such as electric vehicles and car-sharing services, demonstrates its commitment to reducing its environmental impact and promoting sustainable practices. As the world moves towards a low-carbon future, Volvo Car Group is well-positioned to lead the way in the automobile industry.