Volvo Group

InfluenceMap Score
C-
Performance Band
67%
Organisation Score
45%
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 in 2018-21. The company has stated support for high-level climate policy such as the European Green Deal, but appears to take more mixed positions on detailed regulation, including 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 have positive top-line messaging on climate policy in line with the recommendations of the IPCC. The company has stated support for the Paris Agreement in its 2020 Sustainability Report, released in 2021, and its CEO, Martin Lundstedt, signed a joint letter in September 2020 supporting the EU’s Green Deal and a 2050 climate neutrality target. In an April 2020 Bloomberg article, Volvo Group also stated its support for a ‘green recovery’ from COVID-19 for the EU in line with a net zero EU by 2050.

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.” A 2021 media report also suggests Volvo Group advocated for EU policymakers to support a carbon tax and emissions trading. A 2021 media report also suggests Volvo Group advocated for EU policymakers to support a carbon tax and emissions trading, and in 2020 the CEO of Volvo Group signed a joint letter supporting a 55% 2030 EU GHG emissions target.

In the United States, a 2020 consultation response from Volvo Group appeared to advocate for weaker US GHG emissions standards for vocational vehicle engines. Moreover, another 2020 US consultation from Volvo Group appeared to advocate that further increasing federal emissions and greenhouse gas standards for vehicles will “further elevate system complexity while posing considerable financial and reputational risk” for original equipment manufacturers.

Positioning on Energy Transition: Volvo Group has stated general support for the decarbonization of road transport in a December 2020 press release and, in a joint statement in December 2020 with ACEA and numerous other European truck makers, has called for commercial vehicles to be ‘fossil free’ by 2040. The company also, in an April 2021 press release supported the electrification of heavy-duty vehicles, alongside promoting the use of hydrogen according to a 2021 media report. Volvo’s CEO, Martin Lundstedt, also signed a joint letter in 2021 supporting an expansion of renewables in the EU energy mix. 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 provides a disclosure of its global memberships of industry associations on a dedicated webpage in 2021 but provides no further details of the company's role within each organization's governing bodies nor influence over their climate change policy positions. The company is a member of numerous 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
2 1 NA NS 2 2 NS
Supporting the Need for Regulations
NS NS NS NS 2 2 NS
Support of UN Climate Process
1 1 NS NS NS 1 NS
Transparency on Legislation
0 NA -2 NA NA NA NS
Carbon Tax
NS NS NS NS 1 NS NS
Emissions Trading
NS NS NS NS 1 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
1 1 NS -1 1 1 NS
GHG Emission Regulation
NS 1 NS 0 0 2 NS
Disclosure on Relationships
0 NS -2 NA NA NA NS
Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
57%
 
57%
 
48%
 
48%
 
27%
 
27%
 
43%
 
43%
 
49%
 
49%
 
42%
 
42%
 
36%
 
36%
 
37%
 
37%
 
45%
 
45%
 
44%
 
44%

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.