Car industry needs to change, says Volvo President and CEO.

Volvo Cars is updating its business model to a changing world and according to president and Chief Executive Håkan Samuelsson, the car industry as a whole needs to do the same. Samuelsson spoke at the bi-annual meeting of the UN Global Compact Nordic Network in Gothenburg. Volvo Cars is a founding member of the UN Global Compact, the world’s largest corporate sustainability initiative.

Samuelsson said that customer expectations and demands are changing and the car industry will have to change with them. Sustainability is no longer a simple box-ticking exercise, but business-critical as well as a significant business opportunity for those companies that get it right, he explained.

“Our customers want safer, more sustainable and convenient cars,” Samuelsson added. “We can meet that demand, be a force for change and grow our business at the same time. I am confident that our next generation of fully autonomous, electrified and connected vehicles will help make the cities of the future cleaner, safer and smarter.”

Volvo Cars is focused on making sustainable business an integral part of its corporate strategy.