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🗞️ Driving the news: Volvo, famous for pioneering automotive safety, is now aiming to become the world’s most sustainable automaker, according to Vanessa Butani, Volvo’s global head of sustainability
• The company’s sustainability efforts go beyond electric vehicles, focusing on sourcing materials responsibly and ensuring a circular economy
• Volvo's EX90 models even feature a "battery passport" to trace the origins of battery minerals
🔭 The context: Volvo has been recognized as a leader in electrification, with 25% of its sales now fully electric, and it plans to introduce five more electric models by 2030
• The company’s sustainability strategy covers three pillars: climate action, circular economy, and biodiversity, focusing on reducing emissions from materials like steel and promoting ethical sourcing
🌍 Why it matters for the planet: As automakers transition to electric vehicles, reducing the environmental impact of materials and energy use is crucial to achieving net-zero goals
• Volvo’s push for sustainability across its value chain is vital for lowering carbon emissions and conserving biodiversity
⏭️ What's next: Volvo aims to achieve net-zero emissions across its value chain by 2040, with continued innovation in electric vehicles and responsible sourcing
• The company is also working to make its global operations climate neutral, including its plants in Sweden and China
💬 One quote: “We really want to change things. We're going electric and it's an industry that needs to transform, and I want to be part of making that change happen" – Vanessa Butani, Volvo’s Global Head of Sustainability
📈 One stat: 25% of Volvo's global car sales in 2024 are fully electric
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