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Volvo Cars Releases Corporate Citizenship Report

15 June, 2004

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The Volvo Car Corporation has just released its 2003 Corporate Citizenship Report – the fourth the company has published.

“The report is intended to be an informative, open and hopefully interesting means of accounting for our impact on society – both good and not so good,” says Olof Drakenberg, Corporate Citizenship Coordinator at Volvo Cars.

The report includes a scorecard of 16 key performance indicators to provide a practical overview of the company’s performance in significant areas such as employee satisfaction, work-related injuries, women in management, car sales, sales of cars built to the Euro 4/ULEV standards, carbon dioxide and solvent emissions arising from the company’s manufacturing operations, proportion of staff working in units with ISO 14001 certification, the proportion of suppliers with ISO 14001 certification, customer satisfaction, employee sick-leave, the rate of reduction in average carbon dioxide emissions from Volvo cars, and sales of Bi-Fuel models.

The fact that Volvo Cars is not listed separately on the stock exchange and that its financial results are reported with those of Ford Motor Company means that the annual Corporate Citizenship Report is the most comprehensive printed report on the company’s operations each year.

The 2003 Report and the related web-based data have been compiled in accordance with the guidelines in GRI 2002, the Global Reporting Initiative, to provide a balanced and accurate account of the company’s financial, environmental and social progress.

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