When you think of automakers that stand out for sustainability and environmentally-friendly initiatives, Volvo is one that tops the list. This year, Volvo proudly announces that once again, it has been recognized as one of the World’s Most Sustainable Companies, an honor bestowed by TIME magazine. In 2025, however, Volvo is now in the top 100 of the world’s most sustainable companies among all industries, and it ranks second among automakers.
Volvo’s Sustainability Recognition
Volvo was first recognized in 2024 for its exceptional sustainability initiatives. In 2024, Volvo was ranked number 122 among all companies worldwide for sustainability. In 2025, however, Volvo moved up higher on the list, cracking into the top 100 spots, which is no easy feat! What makes Volvo’s upward move even more impressive is the fact that TIME’s criteria have become increasingly stringent for companies.
While Volvo is ranked as a top sustainability company worldwide, its achievements are equally laudable in the automotive industry. Within the auto industry in general, which also includes suppliers of auto parts, Volvo ranks fourth overall. Among all automakers, Volvo ranks second.
What Makes Volvo Stand Out?
Volvo stands out as a sustainability leader in the auto industry for several reasons. First, its sustainability initiatives are holistic and include both social and environmental components. Volvo also notes that its expanded lineup of electric vehicles has propelled it into the top spots for sustainability achievements among automakers. While many automakers have added a few electric vehicles to their fleets, Volvo intends to expand upon its electric vehicle lineup and ultimately feature all-electric cars. While it’s working towards a full electric lineup, Volvo is also committed to reducing emissions that are produced directly and indirectly from its vehicles. By 2040, Volvo aims to reach a target of having zero greenhouse gas emissions.
How Are Companies Chosen By TIME?
TIME uses specific criteria to determine which companies are the most sustainable. They consider factors like a company’s performance in sustainability ratings and commitments, along with their sustainability self-reporting. TIME also considers key performance metrics in social and environmental sustainability, which includes equality, gender, environmental impact, and more.
Volvo’s Electric Vehicles
Volvo currently has an enticing line of electric vehicles that have helped the automaker reach the top spot for sustainability measures. Its electric fleet includes the EX90, which is a large SUV, the slightly smaller EX40, and the compact EX30.
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