Today, Volvo Cars launched a new philanthropic fund with the ambition of positively impacting a million lives through support initiatives in the communities in which we operate. The Volvo For Life Fund will initially focus on social and environmental initiatives that empower people, restore and preserve the planet, and provide protection when natural disasters strike.
By collaborating with global and local partners and channelling the engagement of communities and its employees, the Volvo For Life Fund continues Volvo Cars’ heritage of care and safety.
“We have a long history of social, environmental, and community engagement, and I’m proud that we continue this tradition through the launch of the Volvo For Life Fund,” says Jim Rowan, Volvo Cars‘ chief executive. It will enable us to work alongside expert global and local partners to address global challenges close to our company’s values and help create lasting, positive change.”
The Volvo For Life Fund will be organised into three focus areas: people, the planet and protection. Guided by local voices and insights and delivered through trusted partners, many of the fund’s initiatives will be tailored to address the challenges of the different communities in which Volvo Cars operates.
For people, Volvo Cars wants to help create safer, more empowered and socially mobile environments in marginalised communities. The company will focus on building and increasing educational and socio-economic opportunities for young people and children.
For the planet, Volvo Cars will invest in local and global projects dedicated to restoring and preserving natural ecosystems and biodiversity and supporting the fight against climate change. An initial emphasis will be reforestation, ocean health, and community engagement.
For protection, Volvo Cars will support emergency response and relief efforts that help to meet immediate humanitarian needs when natural disasters occur in countries linked to the company’s value chain. It will also support longer-term work to ensure that education and learning remain prioritised despite natural disasters.
Comments are closed.