New 'Driving Change' ESG charter commits Lotus to become first established sports car maker to go fully electric

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All new #lotus production vehicles 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) organisation
Lotus signs up to COP26 Zero Emissions Vehicle (ZEV) declaration

Hethel, UK – 28 June 2022

Lotus has launched 'Driving Change', its new Environmental, Social and Governance (ESG) Charter. Its four core commitments will pave the way for the car maker's future success as a responsible global business.

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) organisation
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

Highlighting how #lotus will become the first established sports car maker in the world to have a fully electric product range, the charter is a key part of the Vision80 strategy which is guiding the transformation of #lotus, from a UK sports car company to a truly global performance car business and brand ahead of its 80^th anniversary in 2028.

A strong ESG proposition promotes business efficiency, employee engagement and productivity, investment and asset optimisation. It also ensures #lotus is always aligned to its external regulatory commitments, driving innovation and competitiveness across all aspects of the business.

Matt Windle, Managing Director, #lotus Cars, said: "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. 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."

Further information in the press release to download

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