“... meeting the the needs of the present generation without compromising the ability of future generations to meet their own needs... ” is the most used definition of sustainable development that originates from the Brundtland Commission in 1987.
Sustainable development at Volvo Group
Sustainable development is an integral component of the daily operations of the Volvo Group. Incorporated in the Group’s mission statement is the requirement that its products are to be of superior quality, safety and environmental care.
Volvo views sustainable development, both in environmental and social terms, as a vital condition for long-term profitability and increased customer and shareholder value.
Volvo signed Global Compact in 2001
To take this a step further, Volvo signed the UN initiative Global Compact in November 2001. In practice, Volvo has applied the principles of the Global Compact for a long time, in human rights, labour issues and environmental care.
By signing the Global Compact, Volvo further clarifies its ambition to be a responsible and credible member of the society.