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| 2019 Lotus Evija |
LOTUS CARS - 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 80th 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.”
All new mainstream vehicles from Lotus
from 2023 will be fully electric
The first of the four core ESG
commitments is through the Lotus product line-up; all future new mainstream
vehicles from Lotus will be fully electric. It’s a move inspired by the Lotus
Evija – the world’s most powerful production car – launched in 2019 as the
first British electric hypercar. Customer deliveries begin later this year.
The
Evija was followed by the Emira sports car launched in 2021. It is not an EV
but was designed using the same aerodynamic and efficiency principles, and is
the last internal combustion engine-powered production car from Lotus. The
Emira has also been designed and engineered to be more than 95% recoverable and
more than 85% recyclable.
The latest of Lotus’ new generation of
cars is the Eletre, launched earlier this year. It marks the company’s
transition to a full line-up of electric vehicles and seals the brand’s place
in history as the world’s first established sports car maker to go fully
electric. The Eletre is a bold new hyper-SUV and sees the iconic Lotus sports
car DNA evolved for a new generation of customers.
These new Lotus models will be joined by
three more EVs in the next four years – a four-door sports sedan (the Type 133,
which launches in 2023), a second SUV (Type 134, in 2025) and a lightweight
next-generation sports car (Type 135, in 2026).
Lotus is also supporting other
businesses in their desire to move to an all-electric future. The company’s
Lightweight Electric Vehicle Architecture (LEVA) is the innovative new
technology underpinning the Type 135 for Lotus, and is also commercially
available through Lotus Engineering, the consultancy division of the business.
The passion that Lotus owners have for
the brand is also part of the sustainability story. Since 1948, when the first
Lotus car was born, more than 105,000 have been built and Lotus estimates up to
70% are still in use.
Lotus will become a net zero company
through a commitment to become a Science-Based Target initiative (SBTi)
organisation
The ESG Charter commits Lotus to become
a SBTi organisation. Using an SBTi provides guidance and methods to companies
to set science-based targets in line with the latest climate science.
The ultimate goal for Lotus is for
certification as a net-zero company. This will be achieved through
sustainability in the design of its products and the way they are manufactured,
and is well underway today. The Driving Change commitment includes significant
reduction in carbon emissions throughout the business; substantial elimination
of waste; driving efficient and sustainable use of resources in both operations
and supply chains; and protecting and preserving natural environments.
Much of this work is already in
progress. For example, Lotus is a proud signatory of the COP26 zero emissions
vehicle declaration, uses a REGO (Renewable Energy Guarantees of Origin) energy
tariff to power all UK sites, has installed energy sensors to monitor and
analyse energy consumption and a solar array is in development to provide up to
30% of the total requirement. In addition, all human waste from the site is
recycled and used to support local agriculture.
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 and always will be a ‘people
business’, constantly recognising teams of colleagues around the world. The
global community of Lotus colleagues – collectively known as US LOT – will be
at heart of its sustainable growth. Priority is given to the health and
well-being of the entire Lotus community – both inside (employees and business
partners) and outside the business (customers and fans) and this is key to the
success of the business as it grows.
The Driving Change ESG Charter also
ensures that diversity, equality and inclusion continue to be aligned to the
core culture of respect; these are the fundamentals which have been passed down
through the last 74 years, from when founders Colin and Hazel Chapman built the
first Lotus car in 1948.
Lotus
is fully committed to inspiring the next generation through education and
global communities’ outreach programmes
To help inspire the next generation of
Lotus colleagues, the business is leveraging its unique global appeal to
stimulate the ambitions of young people, especially in the creative STEAM
subjects (Science, Technology, Engineering, Art, Mathematics). Educational
outreach programmes, including school visits to Lotus manufacturing facilities
and the Lotus Learning Academy, have proved popular with local communities, and
will continue and evolve.
Linked to this is how the company recognises
that the Lotus family thrives beyond its site boundaries. It is already working
with its communities outside the core business to provide support and stability
within its environments.
To underpin the new ESG Charter, Lotus
is adopting and aligning its strategy to external frameworks including the UN
Global Compact. These frameworks follow recognised and accepted best practice
for like-minded organisations. They include commitments to transparent,
responsible and ethical business management with complete compliance to all
legislation, yet allow Lotus as it grows to remain nimble so governance
processes can expand and evolve.
