Volvo Cars is committed to full traceability, helping to ensure that our customers can drive electrified Volvos knowing the raw material for the batteries has been sourced responsibly. The introduction of blockchain technology significantly boosts traceability within our cobalt supply chain. Blockchain, in conjunction with inspection on mine sites, GPS tracking, entry and exit scanning, verified logistics providers, facial recognition, ID checks, and time tracking, all contribute to a material’s traceability from a mine to the car factory.
Volvo Cars works closely with our suppliers to increase the sustainability of our products and services, including through securing responsible supply chains and making efficient use of resources. We are committed to the responsible sourcing of minerals and metals, and fully support the OECD Guidance for Responsible Supply Chains of Minerals from Conflict-affected and High-risk Areas. In this respect, we require our battery suppliers to support our commitment to have full transparency of our cobalt supply chain and to work towards full traceability.
Sustainability performance is a key consideration when assessing and selecting our suppliers. We monitor the performance of existing suppliers and follow up with third party audits. We also put requirements on our battery suppliers to minimise carbon emissions during the production processes, including through the use of renewable energy. All our suppliers have to agree to the Volvo Cars' Code of Conduct for Business Partners, which includes the observation of human rights, including labour rights.