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Volvo Cars named as one of the world’s most ethical companies in 2018

  

The new Volvo XC60

Volvo Cars, the premium car maker, has been recognised by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as a 2018 World’s Most Ethical Company®. This is the second consecutive year that Volvo Cars has received this recognition. 135 companies have been listed this year, with Volvo Cars being one of only three in the Automotive category.

 

“Responsible business is a fundamental part of Volvo Cars´ culture and way of operating, and something we continuously promote internally as well as with our business partners. An ethical approach to business is not only the right thing to do, but also brings financial value and helps attract and retain the best talent. We are proud that we have been recognised as one of the world’s most ethical companies for the second consecutive year.” says Håkan Samuelsson, President and CEO of Volvo Cars.

 

Maria Hemberg, Senior Vice President Group Legal, General Counsel and Chair of Volvo Cars’ Sustainability Board, commented: “The World’s Most Ethical Company assessment process has helped us drive the continuous improvement of our Compliance & Ethics programme. To be named as one of the World’s Most Ethical Companies for the second time is a welcome acknowledgement of our work to date in promoting ethical and responsible practices, both internally and externally.”

 

Volvo Cars has established a Compliance & Ethics programme to support its commitment to responsible business, as well as to prevent and mitigate a wide range of legal and ethical risks. As part of this programme, the Code of Conduct and the Code of  Conduct for Business Partners, both based on international conventions and standards, set out the principles which employees and business partners are expected to abide to when working for or doing business with Volvo Cars.

 

Finally, in line with its commitment to fostering an ethical culture, Volvo Cars has developed a broad range of training on ethical business practices for all employees, as well as specific training for managers focusing on behaviour and role modelling.

 

Note to editors:

 

About the Ethisphere Institute

The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA) and showcases trends and best practices in ethics with the publication of Ethisphere Magazine.

 

More information about Ethisphere can be found at: http://ethisphere.com

 

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Volvo Car Group in 2017

Voor het boekjaar 2017 liet Volvo Car Group een bedrijfswinst optekenen van 14.061 miljoen SEK (11.014 miljoen SEK in 2016). De omzet voor dit boekjaar bedroeg 210.912 miljoen SEK (180.902 miljoen SEK). In 2017 verkocht Volvo Car Group wereldwijd 571.577 auto's, ofwel 7% meer dan in 2016. De resultaten accentueren de uitgebreide transformatie van Volvo Cars’ financiën en activiteiten gedurende de voorbije jaren en stuwen het bedrijf in de richting van de volgende groeifase.

 

Over Volvo Car Group

Volvo is actief sinds 1927. Vandaag is Volvo Cars een van de bekendste en meest gerespecteerde automerken ter wereld. In 2017 werden 571.577 Volvo's verkocht in ongeveer 100 landen. Volvo Cars is sinds 2010 eigendom van de Chinese Zhejiang Geely Holding (Geely Holding). Het bedrijf maakte deel uit van de Zweedse Volvo Group tot 1999, toen het werd gekocht door het Amerikaanse Ford Motor Company. In 2010 werd Volvo Cars uiteindelijk overgenomen door Geely Holding.

 

In 2017 telde Volvo Cars ongeveer 38.000 (30.400) voltijdse werknemers. De hoofdzetel, productontwikkeling, marketing en administratie van Volvo Cars zijn hoofdzakelijk gevestigd in Göteborg, Zweden. De hoofdzetel van Volvo Cars in China is gevestigd in Shanghai. De grootste autofabrieken van het bedrijf zijn gevestigd in Göteborg (Zweden), Gent (België), Chengdu en Daqing (China), terwijl de motoren worden gemaakt in Skövde (Zweden) en Zhangjiakou (China) en de carrosserieonderdelen in Olofström (Zweden).

Keywords:
Awards, Corporate
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