Click it and Unblock the Notifications
Volvo Cars And The Ocean Race Commit To Extended Partnership For Ocean Health
Volvo Cars and The Ocean Race are dedicated to fostering a sustainable future, focusing on restoring and preserving natural ecosystems and biodiversity. Their partnership, spanning over 25 years, reflects a shared commitment to ocean health. This collaboration aims to amplify efforts towards a healthier ocean, benefiting both people and the planet.
Jim Rowan, chief executive of Volvo Cars, stated, "What we believe in and what we do at Volvo Cars goes beyond cars, and the same goes for The Ocean Race and sailing – so what we have here is a natural evolution of our partnership." He emphasised their joint goal of advocating for ocean health and rights.
In 2023, Volvo Car Group achieved a record-breaking core operating profit of SEK 25.6 billion. Their revenue reached an all-time high of SEK 399.3 billion, with global sales hitting a record 708,716 cars. These figures highlight the company's strong performance throughout the year.
Richard Brisius, Race Chairman of The Ocean Race, remarked, "Sport can change the world and when you race around the planet you learn to dream big, and you realise that all life on Earth relies on the Ocean." He expressed pride in starting a new journey with Volvo Cars towards a healthy ocean for everyone's benefit.
Founded in 1927, Volvo Cars is renowned globally with sales in over 100 countries. Listed on Nasdaq Stockholm under "VOLCAR B," the company aims to become fully electric by 2030. They are committed to reducing their carbon footprint and achieving net-zero greenhouse gas emissions by 2040. As of December 2023, they employed around 43,400 full-time staff.
The extension of their partnership into the new decade will see Volvo Cars and The Ocean Race working together to scale global efforts in protecting maritime ecosystems. They aim to use sport's influence to inspire change for healthier oceans.
The Ocean Race: A Legacy of Adventure
The Ocean Race has been a premier test of teamwork and human endurance since 1973. Celebrating its 50th anniversary in 2023, it continues to captivate top sailors worldwide. The latest edition began in Alicante on January 15th, ending in Genova on July 1st after visiting nine iconic cities globally.
Volvo Cars' headquarters are located in Gothenburg, Sweden, where most product development and administrative functions occur. They have production plants across Gothenburg; Ghent; South Carolina; Chengdu; Daqing; Taizhou; along with R&D centres in Gothenburg and Shanghai.
Sustainability Efforts by The Ocean Race
The Ocean Race is committed to sustainability through its Racing With Purpose programme. This initiative drives positive change by accelerating solutions for ocean health restoration. Supported by sailors, teams, and stakeholders, it aims to create tangible outcomes for environmental preservation.
The American team led by skipper Charlie Enright won the latest race using IMOCA boats known for their flying and foiling capabilities. Looking ahead, The Ocean Race plans events like The Ocean Race Europe in 2025 and The Ocean Race Atlantic from New York to Barcelona in 2026.
Volvo Cars' purpose is "For life," aiming to provide personal freedom sustainably and safely. This mission aligns with their ambition for an electric future and significant carbon footprint reduction efforts.
This extended partnership between Volvo Cars and The Ocean Race underscores their dedication to environmental sustainability through collaborative action aimed at improving ocean health globally.
Continue with Google