News: VOLVO CARS’ ELECTRIFICATION STRATEGY RECOGNISED BY UNITED NATIONS
It seems like every manufacturer is finally getting on board with the realisation that fossil fuels are finite and so different solutions need to be sought if we are to continue to enjoy cars and the experiences that they can give and yet some are further along this road than others which will soon become clear.
And now news has arrived up on the top floor of MotorMartin Towers that Volvo Cars, that well known premium car maker, has been recognised by the United Nations for its ground-breaking electrification strategy in the latest report from the UN’s Global Compact, the world’s largest corporate sustainability initiative. Blimey.
It’s been shared with MotorMartin that the report, launched earlier this week 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,” says Mr Samuelsson in the UNGC report and to MotorMartin.
With the announcement, Volvo Cars became the first established car company to fully embrace electrification and place it at the core of its future business. Rather impressively, in MotorMartin’s opinion, from 2019, every new Volvo car launched will have an electric motor, marking the historic end of cars that have only an internal combustion engine.
The electrification announcement was a watershed moment in the industry, and Volvo Cars’ example has been followed since by other car makers who have made similar announcements.
As part of its strategy, Volvo Cars will launch five fully electric vehicles between 2019 and 2021. Three of these cars will be Volvo models and two will be Polestar performance cars. These cars will be supplemented by a range of plug-in hybrid and mild-hybrid options on all models, representing one of the broadest electrified car offerings of any car maker.
“Volvo Cars is leading the way and we can see now that the automotive industry is waking up to its responsibilities. We are proud to be a LEAD member of the UN Global Compact and of being acknowledged for our industry-leading commitment to an electric future,” explained Stuart Templar, Director Sustainability at Volvo Cars to MotorMartin recently.
The full UNGC report and the interview with Mr Samuelsson on Volvo Cars’ electrification strategy can be found here.
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.
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