Lotus Technology Celebrated for its Commitment to Decarbonization
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Lotus Technology Wins Prestigious Decarbonization Award
Lotus Technology Inc. (Nasdaq: LOT), a prominent name in the global intelligent luxury mobility sector, recently celebrated a significant achievement by winning the 2024 EUCCC Sustainable Business Award in Shanghai. This honor recognizes Lotus Tech for its pioneering work in decarbonization.
The Significance of the EUCCC Awards
The European Union Chamber of Commerce in China (EUCCC), a respected advocacy organization for EU businesses, has been presenting the Sustainable Business Awards since 2017. These awards highlight companies that exemplify socially and environmentally responsible practices while driving valuable growth.
Lotus Tech's Commitment to Sustainability
The award of Decarbonization Leadership reflects Lotus Tech's strategic vision and tangible results in promoting sustainable business practices. Since launching its Vision80 strategy in 2018, the company has made considerable strides in transforming its operations with an emphasis on electrification. Notably, they have introduced a line of fully electric vehicles, including the Evija, Eletre, and Emeya, all aimed at redefining luxury mobility.
Leadership Voices
"We take pride in our commitment to decarbonization, which is central to our business strategy. Receiving this recognition from the EUCCC underscores our dedication to promoting sustainable business models," stated Mr. Alexious Lee, Chairman of the ESG Committee at Lotus Tech.
Aiming for Carbon Neutrality
Lotus Technology has set an ambitious goal to reach carbon neutrality across its entire value chain by 2038. In its quest for sustainability, the company has achieved 100% renewable energy usage at various global office locations. Furthermore, its Lotus Global Smart Factory has been recognized as a national-level green factory in China, equipped with photovoltaic systems to promote eco-friendly production practices.
Innovations in Decarbonization
As part of its initiatives, Lotus Tech introduced intelligent photovoltaic storage and charging robots in 2023 to facilitate decarbonization practices at the consumer end. The company actively champions the International Sustainability Standards Board (ISSB), reinforcing its commitment to responsible business practices.
Exploring Lotus Technology's Future
For a deep dive into Lotus Tech's environmental, social, and governance strategies, visit their ESG report on their official website. The commitment to sustainability is more than just business for Lotus; it’s about building a better, more sustainable future.
Frequently Asked Questions
What award did Lotus Technology win?
Lotus Technology won the 2024 EUCCC Sustainable Business Award for Decarbonization Leadership.
What is Lotus Tech's Vision80 strategy?
Vision80 is Lotus Tech's roadmap aimed at business transformation and electrification, focusing on sustainable mobility solutions.
What types of vehicles has Lotus Technology launched?
Lotus Technology has launched several all-electric vehicles, including the Evija, Eletre, and Emeya.
What is Lotus Tech’s goal for carbon neutrality?
The company aims to achieve carbon neutrality across its entire value chain by 2038.
How is Lotus Technology promoting green practices?
Lotus Tech uses 100% renewable energy in some locations and has implemented innovative technologies to enhance sustainability in production.
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