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Polestar releases the 2023 Sustainable Development Report

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Shanghai Securities News China Securities Network News (Reporter Yu Liyan): Polaris, which is listed on NASDAQ, recently released its 2023 Polaris Sustainable Development Report. Polestar continues to make significant progress in achieving its climate goals, with an average reduction of 9% in greenhouse gas emissions per sold Polestar car in 2023.
According to the polar star R&D personnel, compared to 2022, this is equivalent to a reduction of 3.4 tons of carbon dioxide equivalent (CO2e) per sold polar star vehicle. The successful reduction of greenhouse gas emissions by Polestar is mainly attributed to three aspects: the use of materials with less impact on climate, the use of renewable energy in the production of cars and batteries, and the improvement of energy efficiency in the use of cars.
"Our vision is clear - to accelerate the electrification transformation of the automotive industry while introducing more sustainable innovative solutions to make electric vehicles better. We must acknowledge that the entire industry still has enormous potential for improvement in disclosing specific plans to achieve climate commitments. In 2024, we will continue to share our work to make our climate roadmap more specific and clear, and move towards the goal of full value chain climate neutrality by 2040."
In 2023, Polestar will also focus on strengthening traceability tracking from raw materials to finished products, and expanding the number of battery risk materials to achieve tracking of lithium and nickel elements used in Polestar 3 batteries. In addition, cobalt and mica elements will also be tracked using blockchain technology starting in 2020 and 2021, respectively.
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