Environmental care is a corporate value for the Volvo Group. Already in the mission statement, we state that “ we use our expertise to create transport-related hard and soft products of superior quality, safety and environmental care“.
Volvo has a responsibility
As one of the world’s biggest manufacturers of heavy commercial vehicles, Volvo bears a clear responsibility for reducing the environmental impact of its products. However, a long history of proactive environmental programmes has also provided us with an opportunity of strengthening both our own and our customers’ competitiveness, while contributing to positive societal development
Renewable fuel
A conversion to renewable fuels is more urgent than ever before. Three crucial factors are:
- Climate change
Our use of fossil fuels contributes to global warming which, in the long term, will certainly have dramatic and unpredictable consequences for life on Earth.
- Increased energy demand
Rapid economic development in populous countries, such as India and China, is increasing the pressure on the crude oil market, which is now at the limit of its production and refining capacity.
- Decline in finite resources
The Earth’s reserves of oil and other fossil fuels will eventually be exhausted – the only question is when – and some observers believe that oil production has already peaked.
The price of oil will increase in the long term and will also become unstable due to geopolitical factors.