Volvo’s electrification strategy recognised by UN
Volvo Cars has been recognised by the United Nations (UN) for its ground-breaking electrification strategy in the latest report from the UN’s Global Compact, the world’s largest corporate sustainability initiative.
The report, launched at the Global Compact’s annual high-level meeting in New York, focuses on the progress that Global Compact members have made in supporting the delivery of the UN’s Sustainable Development Goals (SDGs). It highlights 10 chief executives that have taken particularly bold and disruptive action, including Volvo Cars’ president and chief executive, Håkan Samuelsson.
The Global Compact has also recognised Volvo Cars as a LEAD member, a group of the most committed, engaged and ambitious companies within the Global Compact. A founding member of the Global Compact, Volvo Cars is one of only 44 LEAD companies out of a total of 9,500 members – and one of only two car makers.
In the report, entitled ‘Business Solutions to Sustainable Development’, Håkan Samuelsson lays out the company’s reasoning behind the electrification strategy announced in July of this year.
‘We’re doing this because we think this is the right future for Volvo Cars, and that it will make us stronger. It’s sound business,’ said Mr Samuelsson in the UNGC report.
In May of this year, Volvo Cars hosted the bi-annual meeting of the UN Global Compact Nordic Network at its headquarters in Gothenburg. It represented one of the largest gatherings of Nordic corporate sustainability experts under the auspices of the United Nations.