MANILA: Lotus has launched “Driving Change,” its new Environmental, Social and Governance (ESG) Charter. Its four commitments will establish the automaker’s full potential to be a responsible global company.
What is the Vision80 strategy of Lotus Cars?
The Vision80 strategy serves as a guide in Lotus’ transition from a UK sports car company to a truly global performance car business and brand in time for its 80th anniversary in 2028.
What types of EVs will be released by Lotus in the next four years?
Lotus will release a four-door electric sports sedan, a second electric SUV, and a lightweight next-generation electric sports car in the next four years.
The four core commitments are:
- All new mainstream vehicles from Lotus from 2023 will be fully electric.
- Lotus will be certified as a net-zero business through a commitment to become a SBTi (Science-Based Target initiative) organization.
- The global community of Lotus colleagues – US LOT – will be at heart of global sustainable growth, ensuring all those inside the business are “called to action” on the ESG priorities.
- Lotus is fully committed to inspiring the next generation through education and global communities’ outreach.
The charter, a vital element of the Vision80 strategy, which is steering Lotus’ transition from a UK sports car company to a truly global performance car business and brand in time for its 80th anniversary in 2028, emphasizes how Lotus will become the first established sports car maker in the world to have a fully electric product range.
A strong ESG proposal promotes investment and asset optimization, employee engagement and productivity, and business efficiency. Additionally, it guarantees that Lotus always adheres to its obligations under external regulations, fostering productivity and competitiveness in all facets of the company.
“Our new ESG Charter formalizes many activities that we have been carrying out for a number of years. Lotus as a business has always been agile, efficient and impactful within the automotive industry. Now, more than ever, as we transform rapidly to become a global pioneer of electric performance vehicles, we recognize our responsibility to do so in ways that lead our industry in minimizing its impact on the environment, benefitting society and the planet as a whole,” Lotus Cars Managing Director Matt Windle said.
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