AB Volvo — Ethics Grade C

AB Volvo receives an overall ethics grade of C (52/100) on CancelCo's corporate accountability database. Sector: Automotive. Market cap: Large Cap.

Category scores

• labor: 55
• privacy: 80
• consumer: 70
• environment: 45
• humanRights: 65

Documented incidents (3)

• Degrading Emissions Components (high, 2018) — Volvo announced a provision of $800 million for potential costs related to an emissions control component that was degrading faster than expected in some engines. This lead to investigations regarding nitrogen oxide emissions compliance in heavy-duty vehicles.
• EU Truck Price Fixing (high, 2016) — The European Commission fined Volvo/Renault as part of a cartel that colluded on truck pricing and passing on the costs of compliance with stricter emission rules. The group was fined significantly for violating EU antitrust rules over a 14-year period.
• Virginia Plant Strike (medium, 2021) — Over 2,900 workers at Volvo's New River Valley plant engaged in a multi-week strike after rejecting three tentative agreements. Workers protested over healthcare costs, wage tiers, and shift schedules during high profit periods.

Documented good deeds

• Fossil-Free Steel Initiative — Volvo produced the world's first vehicle made from fossil-free steel in collaboration with SSAB, aiming to reach net-zero greenhouse gas emissions by 2040.

Ethical alternatives

• Scania AB — Leader in sustainable heavy transport with higher ratings in science-based climate targets.