Volvo Car AB

Lobbying Transparency and Governance

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Direct Lobbying Transparency
Overall Assessment Comment Score
Strong Volvo Cars gives a generally clear picture of its climate-policy advocacy, although it usually frames its activity at the level of broad policy themes rather than naming individual bills or regulations. The company discloses that it endorses the “Call on Carbon” campaign, is a founding member of the “Accelerating to Zero Coalition,” and advocates for a review of CO2-emission standards, binding targets for public charging points and hydrogen stations, and the inclusion of additional energy carriers in emissions-trading schemes, but it does not consistently identify the underlying legislative texts, meaning the specific policies it lobbies remain largely unnamed. By contrast, its description of how it exerts influence is much more detailed: it cites direct interventions at COP27, organisation and participation in panel discussions, round-tables and interviews during Climate Week New York, joint sign-on letters coordinated by the We Mean Business Coalition, and targeted advocacy in the EU, United States, Sweden and with bodies such as the California Air Resources Board, thereby revealing multiple concrete mechanisms and clearly identifiable targets. Volvo Cars is also explicit about the results it wants to see, urging governments to “back up national Paris Agreement commitments with effective, robust, reliable and fit-for-purpose carbon pricing instruments,” to “align carbon pricing mechanisms between countries,” to “finalize rules for international market mechanisms under Article 6 of the Paris Agreement,” and to set “binding targets for charging points and hydrogen stations” alongside measures to reskill the automotive workforce. These specific, outcome-oriented positions demonstrate a high level of transparency on the objectives of its lobbying even if the underlying policies are not always individually named. 3
Lobbying Governance
Overall Assessment Comment Score
Moderate Volvo Car AB has instituted a moderate framework to align its lobbying with its climate ambitions by embedding its Public Affairs department in policy alignment, noting that “our Public Affairs department are fully involved in the development and progress of our sustainability strategy, targets and position papers and they use them as guidelines for interactions with governments and policy makers,” and by conducting “frequent stakeholder materiality analysis where our companies carbon footprint is the most important area.” It also pursues indirect alignment through trade associations, stating that as a member of ACEA it “drive[s] the agenda towards fulfilling the Paris agreement” and contributes to bodies that influence public policy. Its public Climate Action position paper further affirms “our ambition to be a climate neutral company by 2040, in line with the Paris Agreement and to ensure that our lobbying efforts are in line with the above ambitions.” However, the company does not disclose a named individual or formal body responsible for overseeing lobbying alignment, nor does it detail a recurring audit, Board sign-off, or a structured monitoring and review procedure for both its direct and indirect engagement activities, which indicates moderate governance with clear alignment mechanisms but limited transparency on oversight and management processes. 2