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Volvo’s Environment Prize Winner Puts a Price Tag on Nature

  Volvo’s Environment Prize Winner Puts a Price Tag on Nature

Business Wire

GÖTEBORG, Sweden -- November 20, 2012

Regulatory News:

Volvo (STO:VOLVA) (STO:VOLVB):

Gretchen Daily, professor at Stanford University in California, is convinced
that the only way to generate welfare in the long term is to put a price tag
on the ecosystem. “If we don’t the destruction of our natural capital will
simply continue,” says Gretchen Daily who today receives the Volvo Environment
Prize for 2012.

The Volvo Environment Prize is awarded every year to people who have made
outstanding scientific discoveries in the environmental and sustainability
fields. The award, which is being given today at a ceremony in Stockholm, goes
this year to Gretchen Daily who is regarded as one of the pioneers in the
drive to chart and quantify the world’s natural capital.

Gretchen Daily is a professor of environmental science at Stanford University
in California, where her research group is currently developing methods for
valuing nature’s various ecosystem services. She has published more than 200
scientific articles and texts in the popular science genre.

Gretchen Daily is currently in Sweden toreceive the 2012 Volvo Environment
Prize. The award consists of a diploma, a glass sculpture and a sum of 1.5
million kronor.

Read more on http://www.environment-prize.com/

November 20, 2012

Journalists requiring additional information are requested to contact Malin
Ripa, Director Public Affairs AB Volvo, +46 31 661161 or +46739 020160.

For more stories from the Volvo Group, please visit
http://www.volvogroup.com/globalnews.

The Volvo Group is one of the world’s leading manufacturers of trucks, buses
and construction equipment, and drive systems for marine and industrial
applications. The Group also provides complete solutions for financing and
service. The Volvo Group, which employs about 115,000 people, has production
facilities in 20 countries and sells its products in more than 190 markets. In
2011, annual sales of the Volvo Group amounted to about SEK 310 billion. The
Volvo Group is a publicly-held company headquartered in Göteborg, Sweden.
Volvo shares are listed on OMX Nordic Exchange Stockholm. For more
information, please visit www.volvogroup.com or www.volvogroup.mobi if you are
using your mobile phone.

This information was brought to you by Cision http://www.cisionwire.com

Contact:

Malin Ripa
Director Public Affairs AB Volvo
+46 31 661161 or +46739 020160.
 
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