Volvo Group

Volvo Group and CRH partner on decarbonization

Nov. 16, 2023
The Volvo Group and CRH signed a Memorandum of Understanding (MoU) on Nov. 13 affirming their joint work on net-zero innovation.

On Nov. 13, CRH and the Volvo Group met in Eskilstuna, Sweden to sign a Memorandum of Understanding (MoU) to work together to accelerate net-zero innovation in on-road vehicles and off-road construction equipment. In particular, the memorandum stated the companies will focus on technology deployment, technology scaling, and operational efficiency.

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“At CRH we’re innovating for a low-carbon future and with deep expertise in sustainable transport and infrastructure solutions, Volvo Group is a natural strategic partner for CRH,” said Eunice Heath, Chief Sustainability Officer, CRH. “This collaboration is an important step in our shared commitment to decarbonizing our businesses.”

The Volvo Group’s current target is to have 35% fully electric sales by 2030 and be net-zero in its value chain by 2040. CRH is aiming to reduce group-wide emissions by 30% by 2030 and become a net-zero business by 2050.

To meet these goals, Melker Jernberg, president of Volvo CE, will lead Volvo Group’s off-road partnership team, and Bruno Blin, president of Renault Trucks, will lead the on-road partnership team. CRH will contribute efforts from its Innovation Centre for Sustainable Construction; while the Volvo Group’s brands, Volvo trucks, Renault Trucks, Mack Trucks, and Volvo Construction Equipment; will offer their insights from developing sustainable transport and infrastructure solutions, the companies said in a press release.