Lotus Technology (Nasdaq: LOT), a leading manufacturer of premium electric vehicles, has received the Global Zero Carbon City Pioneer Award at the 2024 Shanghai International Carbon Neutral Expo. The first award to be won by an automaker, the award recognizes Lotus Tech’s innovation and sustainability efforts. Supported by the United Nations and launched by partners including Tongji University, the award highlights the company’s exemplary track record in green transportation, carbon neutrality and clean energy. Lotus Tech aims to achieve complete carbon neutrality by 2038 and has implemented a comprehensive decarbonization strategy, including the use of 100% renewable energy in some of its offices and solar-powered energy in its smart factories.
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First car manufacturer to receive Global Zero Carbon City Pioneer Award for innovation and sustainability efforts; Successfully implemented 100% renewable energy in some offices; Lotus Global Smart Factory uses solar-powered energy; Shanghai office achieved LEED ID+C Gold certification; Factory recognized as a Green Factory in China;
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An ambitious carbon neutral target has been set for 2038, but this is a long-term goal that may face uncertainty in the future. June 24, 2024 – 6:00 AM
NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) — Lotus Technology Inc. (“Lotus Tech” or the “Company”) (Nasdaq: LOT), the world’s leading manufacturer of premium electric vehicles, announced that it has become the first automaker to receive the Global Zero Carbon City Pioneer Award at the 2024 Shanghai International Carbon Neutral Expo in recognition of its demonstrated innovation and exceptional commitment to sustainability and responsible business practices.
The Global Zero Carbon City Pioneer Award, initiated by a subsidiary of the United Nations, was co-founded this year by Tongji University, China Building Technology Group Co., Ltd. and other notable partners. The award recognises organisations that are setting new benchmarks for sustainable business operations in various areas, including green transportation, carbon neutrality and clean energy.
Since its establishment, LotusTech has been actively collaborating with stakeholders to drive decarbonization efforts across the entire value chain and accelerate the green transition.
The company recently reinforced its commitment to “driving change” through the release of its annual ESG report, and its efforts and significant milestones regarding carbon management have been further recognized through this award.
Setting an ambitious carbon neutral goal: Lotus Tech has positioned climate neutrality as one of its six core ESG strategies, with the goal of achieving carbon neutrality across its value chain by 2038. Reducing the carbon footprint of its product life cycle: In addition to conducting a comprehensive carbon footprint assessment of its next-generation hyper electric vehicles and promoting the use of environmentally friendly materials, Lotus Tech has implemented strategic decarbonization solutions following a natural capital assessment of its raw materials. Sustainable manufacturing and operations: Lotus Tech’s commitment to sustainability is manifested in the use of 100% renewable energy in select offices and the use of solar-powered energy in its Lotus Global Smart Factory. The company’s environmentally friendly practices are internationally recognized, with its Shanghai office receiving a LEED ID+C (Leadership in Energy and Environmental Design – Interior Design and Construction) Gold certification and its factory being nationally evaluated and recognized in China as a “Green Factory.”
For more information on Lotus Tech’s ESG strategy and achievements, please download the ESG report here: www.group-lotus.com/esg.
About Lotus Technology
Lotus Technology operates across the UK, EU and China. The company is focused on world-class research and development of next generation automotive technologies, including electrification and digitalisation, and is dedicated to delivering luxury lifestyle battery electric vehicles. For more information about Lotus Technology, please visit www.group-lotus.com.
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FAQ
What awards did Lotus Technology receive in June 2024?
Lotus Technology won the Global Zero Carbon City Pioneer Award at the 2024 Shanghai International Carbon Neutral Expo held in June 2024.
Why was Lotus Technology awarded the Global Zero Carbon City Pioneer Award?
Lotus Technology was recognized for its innovation and exceptional commitment to sustainability and responsible business practices.
What sustainability goals does Lotus Technology have?
Lotus Technology aims to achieve carbon neutrality across its entire value chain by 2038.
What renewable energy practices has Lotus Technology implemented?
Lotus Technology uses 100% renewable energy in some of its offices and solar-powered energy in its Lotus Global Smart Factory.
What certifications do Lotus Technology facilities hold?
The Shanghai office has achieved LEED ID+C Gold certification and the factory has been certified as a China Green Factory.
