Volvo AB

Volvo AB discloses a coherent framework that governs both its own advocacy and its participation in trade associations, indicating strong oversight from the top of the organisation. The company states that "the dialogue is guided by yearly priorities approved by the Executive Board" and that its advocacy is "based on guiding principles ... In line with the Paris Climate Agreement", demonstrating that climate-related objectives are built into its direct lobbying mandate. For indirect lobbying, it has "developed a new governance model, including regular assessments, escalation structure and communication" and confirms that "during 2021 we performed an assessment of trade associations in relation to our positions on climate change and energy transition", covering 14 (later 21) associations across key markets. Each membership "has a responsible Volvo Group contact person" and any misalignment triggers a process in which "the first step is to initiate a dialogue with the trade association ... In case where a trade association would deviate significantly from Volvo Group's positions, we will evaluate whether to end our membership." The outcome of these reviews is escalated, as "the governance model and the outcome of the assessment has been reported to the Volvo Group Executive Board", and memberships are "evaluated yearly and confirmed that they are not working against the Paris Climate Agreement". This evidence shows regular monitoring, defined escalation, and Board-level oversight for both direct and indirect lobbying, signalling strong governance. However, the company does not disclose a stand-alone, detailed lobbying-alignment report or an external assurance of its assessments, and it provides limited information on how it systematically reviews the alignment of its own direct lobbying activities beyond setting annual priorities. These gaps suggest that while the governance is robust, it is not yet fully comprehensive or independently audited.