Lotus Commits to Solely Making New Electrical Vehicles from 2023 with New ESG Constitution

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Lotus has launched its new Environmental, Social, and Governance (ESG) Constitution which guarantees, amongst different issues, that every one new mainstream autos might be electrical from subsequent yr.

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The Norfolk-based automaker additionally stated that it’ll turn into licensed as a net-zero enterprise by way of Science-Primarily based Goal initiatives and promised to place its workers on the coronary heart of sustainable development initiatives, and educate and encourage the “next generation” by way of group outreach.

Collectively, these commitments will make Lotus the primary established sports activities automobile maker on this planet to have a full electrical product vary.

“Our new ESG Charter formalises 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,” says Matt Windle, Lotus Vehicles’ Managing Director.

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“Now, more than ever, as we transform rapidly to become a global pioneer of electric performance vehicles, we recognise our responsibility to do so in ways that lead our industry in minimising its impact on the environment, benefitting society and the planet as a whole.”

Lotus revealed the Eletre, its first electrical automobile, earlier this yr and guarantees that three new electrical automobiles — a four-door sports activities saloon, a second SUV, and a light-weight sports activities automobile — will comply with within the subsequent 4 years.

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Lotus can be making its Light-weight Electrical Automobile Structure, which is able to underpin the sportscar, commercially out there by way of Lotus Engineering to assist different manufacturers make the change to electrical powertrains.

Apart from manufacturing new automobiles, Lotus can be on its technique to changing into a net-zero enterprise. For instance, the corporate is a signatory of the COP26 zero-emission car declaration and makes use of a renewable power tariff to energy all of its UK websites. Equally, all human waste from the positioning is recycled and used to help native agriculture.

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To underpin the brand new ESG Constitution, Lotus is adopting and aligning its technique to exterior frameworks together with the UN World Compact. These frameworks comply with recognised and accepted finest practices for like-minded organisations.

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