Loomis orders 150 electric armored vehicles from Xos for the US market
Loomis has signed an agreement with Xos, Inc. for the delivery of 150 armored electric vehicles (EVs) in the US, building on their previous order of 20 EVs. This initiative reflects Loomis' commitment to sustainability, aiming to reduce transportation emissions as their fleet accounts for the largest climate impact. Under their Sustainability-Linked Finance Framework, Loomis targets a 20% reduction in carbon emissions by 2025 compared to 2019 levels. The first deliveries are expected in the second half of 2023, marking a significant step towards transforming their fleet while maintaining high security standards.
- Order of 150 armored EVs from Xos signifies a shift towards sustainable operations.
- Previous EVs in the fleet met high-performance standards, suggesting reliability.
- Sustainability targets include a 20% reduction in carbon emissions by 2025.
- None.
With the ambition to be the leading sustainable business partner in the industry, the transformation of Loomis' vehicle fleet is necessary. Loomis' largest climate impact comes from transportation and the company is therefore committed to reducing its fleet emissions. This order for additional EVs in the US is an important step to reduce the dependency on fossil fuels.
"We have made a commitment to reduce the carbon emissions from our business and have set out to lead the transformation in the industry. By significantly increasing the number of EVs in the US operations, we are on our way to both reducing our own emissions and helping our customers reach their targets while maintaining our high security standards," says Aritz Larrea, President and CEO. "We are proud that our collaboration with Xos puts us at the forefront. We will continue to partner with suppliers to find innovative solutions to reduce our carbon footprint while ensuring the safety of our employees and customers."
Loomis' sustainability targets are integrated into the business strategy and in the financing of the company. Loomis has issued Sustainability-linked bonds since 2021 under a Sustainability-Linked Finance Framework, with a linked target to reduce absolute carbon emissions by 20 percent by the end of 2025, compared with the 2019 level.
"Working with the industry-leading Loomis team for the last four years has been a pivotal highlight in our mission to help all fleets make the move to battery-electric operations," says
The ordered vehicles will be delivered gradually during the year and entered into operations from the second half of 2023. As the vehicle fleet is renewed globally, Loomis will continue to invest in electric and hybrid vehicles, as well as switch to lighter and safer vehicles.
This press release is also available on the company's website, www.loomis.com
February 1, 2023
CONTACT:
Kristian Ackeby
Chief Financial Officer
Mobile: +46 70 569 69 98
Email: kristian.ackeby@loomis.com
Jenny Boström
Head of Investor Relations
Mobile: +46 79 006 45 92
Email: jenny.bostrom@loomis.com
The following files are available for download:
Loomis orders 150 electric armored vehicles from Xos for the US market |
View original content:https://www.prnewswire.com/news-releases/loomis-orders-150-electric-armored-vehicles-from-xos-for-the-us-market-301735774.html
SOURCE
FAQ
What is the significance of Loomis' order for 150 electric armored vehicles from Xos?
When will Loomis start using the new armored electric vehicles?
How many armored electric vehicles does Loomis currently have in its fleet?
What are Loomis' sustainability goals related to carbon emissions?
