Lotus has launched its new Environmental, Social and Governance (ESG) Charter, ‘Driving Change’, which commits the company to produce only electric vehicles from 2023.
While signing up to the COP26 Zero Emissions Vehicle (ZEV) declaration, the British automaker announced that it will be certified as a net-zero business through Science-Based Target initiatives. It also promised to educate and inspire its employees and ‘the next generation through global communities’ outreach’.
“Our new ESG Charter formalises many activities that we have been carrying out for a number of years,” said Matt Windle, managing director, Lotus Cars. “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.”
The commitments will make Lotus the first sports car manufacturer in the world to have a fully electric range of products.
The company is also aligning its strategy to external frameworks like the UN Global Compact which involve committing to transparent, responsible, and ethical business management in compliance with all legislation.
Lord Grimstone, UK Government Minister for Investment, said: “It is brilliant to see Lotus, a truly iconic UK car brand, leading on the transition to cleaner transport by joining the Zero Emission Vehicle Declaration.
“I look forward to seeing Lotus continue to innovate and combine electrification with high performance.”
Lotus has already cemented its electric credentials with the Evija hypercar and Eletre SUV.