Company Directory - Volvo Car Corporation
Company Details - Volvo Car Corporation
Volvo Car Corporation
WebsiteGothenburg, Sweden
ISIN: SE0000108656
Volvo Cars is a Swedish premium automobile manufacturer renowned for its emphasis on safety, quality, and environmental sustainability. The company produces a range of vehicles and has committed to sustainable practices, including a pledge not to use seabed minerals in its operations.
CCI Score
CCI Score: Volvo Car Corporation
0.02
0.01%
Latest Event
Volvo Reaffirms Commitment to Sustainable Supply Chain by Rejecting Seabed Minerals
Amid growing concerns over deep-sea mining and its environmental impacts, Volvo Car Corporation reiterates its pledge not to use seabed minerals in its production. This stance underscores the company’s emphasis on ethical business practices and sustainable supply chain management, setting it apart from firms pursuing environmentally risky mining ventures.
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OBJECTOR
Volvo Car Corporation is currently rated as an Objector.
Latest Events
- MAR272025
Amid growing concerns over deep-sea mining and its environmental impacts, Volvo Car Corporation reiterates its pledge not to use seabed minerals in its production. This stance underscores the company’s emphasis on ethical business practices and sustainable supply chain management, setting it apart from firms pursuing environmentally risky mining ventures.
- FEB192025
Analysis based on OpenSecrets data indicating that AB Volvo spent $800,000 on lobbying and contributed $149,598 during the 2024 cycle, with a significant number of lobbyists exhibiting revolving door connections. This raises concerns about the company's influence on democratic processes and potential facilitation of authoritarian policies.
-50
Public and Political Behavior
March 20
AB Volvo's political contributions and lobbying efforts, including a notable $800,000 spent on lobbying and evidence of revolving door practices among its lobbyists, suggest an undue influence on political processes. These activities can be seen as facilitating authoritarian practices by subverting transparent democratic accountability.
- FEB062025
OpenSecrets data reveals that 5 out of 7 AB Volvo lobbyists in 2023 and 2024 have previously held government positions. This revolving door practice raises concerns about the corporate influence on policy-making and the potential undermining of democratic processes.
-50
Political Contributions and Lobbying Efforts
March 20
AB Volvo's employment of former government officials as lobbyists indicates a pronounced revolving door dynamic. With a significant portion (5 out of 7) of their lobbyists having held government positions, there is increased potential for undue influence over policy decisions that can favor corporate interests over public welfare. This behavior is particularly troubling from an anti-fascist perspective, as it enables the undermining of democratic institutions and facilitates corporate complicity in fostering authoritarian practices.
- JAN102025
A lawsuit filed on January 10, 2025 alleges that Volvo Car Corporation violated the Fair Labor Standards Act by failing to compensate workers for off-the-clock work, raising concerns over labor rights and worker exploitation at its South Carolina facility.
-50
Labor Relations and Human Rights Practices
March 27
The lawsuit alleges that Volvo systematically failed to pay overtime for work performed before and after scheduled shifts, which is a violation of labor rights under the Fair Labor Standards Act. This failure to properly compensate workers is indicative of broader unethical labor practices that can contribute to authoritarian structural exploitation.
Former Volvo employee sues company for violating Fair Labor Standards Act
- DEC032024
A former Volvo Car USA employee has filed a lawsuit alleging that the company violated labor laws by not compensating non-exempt hourly workers for off-clock work due to PPE rules. This case raises concerns about Volvo's commitment to fair labor practices and respectful treatment of its workers, which is critical for supporting overall human rights and preventing authoritarian labor policies.
-60
Labor Relations and Human Rights Practices
March 27
The lawsuit highlights serious allegations of wage theft and failure to pay for work performed outside scheduled shifts, suggesting that Volvo Car Corporation may not be fully upholding labor rights and fair labor practices. This violation is significant from an anti-fascist perspective that emphasizes the importance of protecting worker rights against exploitative practices.
Ex-Volvo Worker Sues Volvo For Wage Violations Due to PPE Rules
- OCT202024
An analysis of Volvo's involvement in the 2024 US election through political contributions, as part of a broader investigation into automakers' influence on US electoral processes. The use of financial contributions to sway policy outcomes raises concerns about corporate complicity in undermining democratic norms and potentially enabling authoritarian practices.
-20
Political Contributions and Lobbying Efforts
March 27
Based on data compiled by OpenSecrets and analyzed in the article, Volvo, along with other major automakers, has contributed to political campaigns during the 2024 US elections. Such contributions are aimed at securing favorable regulatory and legislative conditions which may silence dissent and favor corporate interests. This strategic use of money in politics contributes to an erosion of democratic accountability and is viewed as complicit in fostering environments that may enable authoritarian practices.
14 Automakers & Their 2024 US Election Contributions, Detailed
- JAN012024
The OpenSecrets profile provides data on AB Volvo’s political contributions ($149,598) and significant lobbying expenditures ($800,000) during the 2024 cycle, including evidence of a revolving door with several lobbyists having prior government experience. This information raises concerns regarding the company's influence on policy, suggesting a potential complicity in practices that may bolster authoritarian agendas.
- JAN012023
Volvo Cars demonstrated a robust commitment to ethical sourcing through extensive third‐party audits of its battery supply chains, ensuring that suppliers adhere to stringent human rights and environmental standards.
+80
Supply Chain Ethics
March 20
The article details Volvo Cars’ proactive approach in auditing and enhancing its battery supply chain through responsible sourcing measures. By employing independent audits in line with OECD guidelines and international standards such as IRMA, the company ensures its suppliers meet rigorous ESG criteria. This initiative not only adheres to ethical supply chain practices but also builds transparency and accountability in its operations, reducing risks of complicity in human rights abuses.
Ensuring responsible sourcing in battery supply chains for Volvo Cars
- JAN012023
Volvo Group demonstrates proactive public policy engagement by partnering with stakeholders to drive sustainable initiatives and promote a net-zero transformation. This approach reflects a commitment to transparency and progressive policy dialogue in contrast to authoritarian practices.
+80
Public and Political Behavior
March 27
Volvo's engagement in public policy through collaborative partnerships and stakeholder dialogue indicates a proactive stance on sustainability and democratic governance. This positive approach contrasts with authoritarian tendencies by emphasizing transparency and environmental responsibility.
- JUN012021
The statement details Volvo Group's comprehensive policies to eliminate forced labour and modern slavery through strict supplier codes of conduct, due diligence practices, and robust training and grievance mechanisms.
+80
Labor Relations and Human Rights Practices
March 20
The modern slavery statement reflects a strong commitment to protecting labor rights through comprehensive internal policies and training programs. This proactive approach to eradicating forced labour illustrates effective human rights practices within the company’s own operations.
+80
Supply Chain Ethics
March 20
The article highlights the implementation of a stringent Supplier Code of Conduct and corresponding due diligence processes to monitor and enforce ethical practices throughout the supply chain. This commitment supports a transparent and ethically-driven sourcing strategy.
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