Volvo was recently honored for its sustainability strategy by the global environmental non-profit, CDP, earning an A-score for its actions that ultimately reduce emissions, mitigate climate risks, and help it become a climate-neutral business.

This puts Volvo as an automotive company at the highest rank in CDP’s climate change category. More than 13,000 companies participated by providing data on their environmental effects, risks and opportunities, and Volvo Cars’ high score represents its position as a global leader in environmental change and climate action.

“We are very proud to see that our hard work to cut emissions and becoming climate neutral is being recognized by CDP,” says Anders Kärrberg, head of global sustainability at Volvo Cars. “Receiving the prestigious A-score shows that we are on the right track, and hopefully we can inspire other companies to do even more.”

Volvo is planning to become a completely electric car manufacturer by 2030 and wants to release a whole new family of pure electric cars down the road, one of the auto industry’s most ambitious electrification goals. This is part of Volvo’s desire to become a climate neutral company by 2040, working smart and hard to ongoingly cut carbon emissions throughout the company.

Volvo seeks to reduce the lifecycle carbon footprint for the average car by 40 percent between 2018 and 2025, including by reducing carbon emissions in its supply chain by 2025. Volvo is also scheduled to construct a new Gigafactory in Europe that will be powered by entirely clean energy. It would hire nearly 3000 workers with production commencing in 2026. Similarly, at the recently held UN Climate Change Conference COP26, Volvo Cars was the first automotive business to announce an internal carbon price, indicating that all its future projects are planned to be sustainable.