Advancing Socio-Economic Sustainability Through Comprehensive Carbon Neutrality Strategies: Insights from the Automotive Industry

This thesis explores the intersection of socio-economic sustainability and carbon neutrality within the automotive industry, focusing on the strategies employed by leading corporations to mitigate emissions and transition toward sustainable practices. By analyzing case studies of General Motors and Volvo, the research identifies key differences in their approaches to Scope 1, 2, and 3 emissions, with particular attention to vehicle electrification, renewable energy adoption, and supply chain engagement. The study highlights best practices, including Volvo’s commitment to renewable energy and electrification, alongside GM’s operational efficiency initiatives. Furthermore, the thesis evaluates the challenges posed by Scope 3 emissions, emphasizing the need for enhanced supplier engagement and value chain collaboration. The findings provide actionable insights for improving corporate strategies, aligning with regulatory frameworks, and advancing socio-economic sustainability goals. Recommendations for future research focus on exploring innovative technologies and policy frameworks to support the global transition to carbon neutrality.