Volvo 2015 Annual Report Download - page 52

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The Volvo Group’s future success depends on our ability to deliver efficient, innovative
and sustainable transport solutions that are converted into positive financial performance.
Closecollaboration with our key stakeholders enables us to create shared value over time.
PRODUCT
DEVELOPMENT
PURCHASING PRODUCTION
VOLVO GROUP
Economic
Our financial capital consists of funds derived from net operat-
ing profits, share capital, and credit and loan facilities from
financial institutions. We procure close to 2 billion components
for use in automotive production. Steel is the manufactured
resource that we procure in greatest quantity.
Social
Our intellectual assets include our brands and patents, and our
R&D organization, systems and processes. Our skilled, engaged,
diverse workforce of almost 100,000 employees represents
our human capital. Our relationships include long-term part-
nerships with labor representatives, academic and research
organizations, policy makers, development organizations and
Non Governmental Organizations (NGOs) as well as local
communities in the countries where we operate.
Environmental
Our production involves the use of various materials, including
metals, such as iron, steel and aluminium. The additional mate-
rials are mainly plastic, rubber and electronics components.
Our energy sources include renewable energy from wind and
hydro generation.
Inputs
EXTERNAL ENVIRONMENT
CREATING ECONOMIC, SOCIAL
AND ENVIRONMENTAL VALUE
A GLOBAL GROUP BUSINESS MODEL
VALUE CREATION
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