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Polestar Annual Sustainability Report announces a 25% cut in emissions per sold car

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Polestar (NASDAQ: PSNY) has released its fourth Annual Sustainability report, highlighting a significant 24.7% reduction in carbon footprint per sold car since 2020. The achievement stems from increased use of low-carbon aluminum, improved battery manufacturing, 100% renewable electricity in production, and enhanced logistics with biofuels.

The company's Polestar 0 project, launched in 2021, has identified solutions potentially reducing Polestar 2's carbon footprint by 10 tonnes. The project is evolving with the establishment of the Mission 0 House research center in Gothenburg, focusing on eliminating greenhouse gas emissions in materials and processes.

Key sustainability initiatives include joining the Initiative for Responsible Mining Assurance (IRMA), expanding material traceability, and increasing recycled content, with Polestar 4 now containing 10% recycled materials. The company maintains its commitment to becoming climate-neutral across its value chain by 2040, with an interim target of halving greenhouse gas emissions per vehicle sold by 2030.

Polestar (NASDAQ: PSNY) ha pubblicato il suo quarto Rapporto Annuale sulla Sostenibilità, evidenziando una significativa riduzione del 24,7% dell'impronta di carbonio per auto venduta dal 2020. Questo risultato deriva dall'aumento dell'uso di alluminio a basso contenuto di carbonio, dal miglioramento della produzione delle batterie, dall'utilizzo del 100% di energia elettrica rinnovabile nella produzione e da una logistica potenziata con biocarburanti.

Il progetto Polestar 0, avviato nel 2021, ha individuato soluzioni in grado di ridurre potenzialmente l'impronta di carbonio della Polestar 2 di 10 tonnellate. Il progetto si sta evolvendo con la creazione del centro di ricerca Mission 0 House a Göteborg, che si concentra sull'eliminazione delle emissioni di gas serra nei materiali e nei processi.

Le principali iniziative di sostenibilità includono l'adesione all'Initiative for Responsible Mining Assurance (IRMA), l'espansione della tracciabilità dei materiali e l'aumento del contenuto riciclato, con la Polestar 4 che ora contiene il 10% di materiali riciclati. L'azienda conferma il suo impegno a diventare climaticamente neutra lungo l'intera catena del valore entro il 2040, con un obiettivo intermedio di dimezzare le emissioni di gas serra per veicolo venduto entro il 2030.

Polestar (NASDAQ: PSNY) ha publicado su cuarto Informe Anual de Sostenibilidad, destacando una significativa reducción del 24,7% en la huella de carbono por coche vendido desde 2020. Este logro se debe al mayor uso de aluminio bajo en carbono, la mejora en la fabricación de baterías, el uso del 100% de electricidad renovable en la producción y una logística optimizada con biocombustibles.

El proyecto Polestar 0, lanzado en 2021, ha identificado soluciones que podrían reducir la huella de carbono del Polestar 2 en 10 toneladas. El proyecto está evolucionando con la creación del centro de investigación Mission 0 House en Gotemburgo, enfocado en eliminar las emisiones de gases de efecto invernadero en materiales y procesos.

Las iniciativas clave de sostenibilidad incluyen unirse a la Initiative for Responsible Mining Assurance (IRMA), ampliar la trazabilidad de materiales y aumentar el contenido reciclado, con el Polestar 4 que ahora contiene un 10% de materiales reciclados. La empresa mantiene su compromiso de ser climáticamente neutra en toda su cadena de valor para 2040, con un objetivo intermedio de reducir a la mitad las emisiones de gases de efecto invernadero por vehículo vendido para 2030.

Polestar (NASDAQ: PSNY)는 2020년 이후 판매된 차량 1대당 탄소 발자국을 24.7% 감소시킨 내용을 강조한 네 번째 연례 지속 가능성 보고서를 발표했습니다. 이 성과는 저탄소 알루미늄 사용 증가, 배터리 제조 개선, 생산 과정에서 100% 재생 가능 전력 사용, 바이오 연료를 활용한 물류 개선에서 비롯되었습니다.

2021년에 시작된 Polestar 0 프로젝트는 Polestar 2의 탄소 발자국을 10톤 줄일 수 있는 솔루션을 확인했습니다. 이 프로젝트는 온실가스 배출을 제거하는 데 집중하는 예테보리의 Mission 0 House 연구 센터 설립과 함께 발전하고 있습니다.

주요 지속 가능성 이니셔티브로는 책임 있는 광산 인증(IRMA) 참여, 소재 추적성 확대, 재활용 소재 사용 증가가 있으며, Polestar 4는 현재 10%의 재활용 소재를 포함하고 있습니다. 회사는 2040년까지 가치 사슬 전반에서 기후 중립을 달성하고, 2030년까지 판매 차량 1대당 온실가스 배출량을 절반으로 줄이는 중간 목표를 유지하고 있습니다.

Polestar (NASDAQ : PSNY) a publié son quatrième rapport annuel sur la durabilité, mettant en avant une réduction significative de 24,7 % de l'empreinte carbone par voiture vendue depuis 2020. Cette réussite résulte d'une utilisation accrue d'aluminium à faible teneur en carbone, d'une amélioration de la fabrication des batteries, de l'utilisation à 100 % d'électricité renouvelable dans la production, et d'une logistique optimisée avec des biocarburants.

Le projet Polestar 0, lancé en 2021, a identifié des solutions susceptibles de réduire l'empreinte carbone de la Polestar 2 de 10 tonnes. Le projet évolue avec la création du centre de recherche Mission 0 House à Göteborg, qui se concentre sur l'élimination des émissions de gaz à effet de serre dans les matériaux et les processus.

Les principales initiatives de durabilité incluent l'adhésion à l'Initiative for Responsible Mining Assurance (IRMA), l'expansion de la traçabilité des matériaux et l'augmentation de la teneur en matériaux recyclés, avec la Polestar 4 contenant désormais 10 % de matériaux recyclés. L'entreprise maintient son engagement à devenir climatiquement neutre sur l'ensemble de sa chaîne de valeur d'ici 2040, avec un objectif intermédiaire de réduire de moitié les émissions de gaz à effet de serre par véhicule vendu d'ici 2030.

Polestar (NASDAQ: PSNY) hat seinen vierten jährlichen Nachhaltigkeitsbericht veröffentlicht und dabei eine deutliche Reduzierung des CO₂-Fußabdrucks pro verkauftem Fahrzeug um 24,7 % seit 2020 hervorgehoben. Diese Leistung resultiert aus dem verstärkten Einsatz von kohlenstoffarmem Aluminium, verbesserten Batterieherstellungsprozessen, 100 % erneuerbarem Strom in der Produktion und optimierter Logistik mit Biokraftstoffen.

Das 2021 gestartete Polestar 0 Projekt hat Lösungen identifiziert, die den CO₂-Fußabdruck des Polestar 2 um 10 Tonnen reduzieren könnten. Das Projekt entwickelt sich weiter mit der Einrichtung des Forschungszentrums Mission 0 House in Göteborg, das sich auf die Eliminierung von Treibhausgasemissionen in Materialien und Prozessen konzentriert.

Wichtige Nachhaltigkeitsinitiativen umfassen den Beitritt zur Initiative for Responsible Mining Assurance (IRMA), die Erweiterung der Materialrückverfolgbarkeit und die Erhöhung des Recyclinganteils, wobei der Polestar 4 nun 10 % recycelte Materialien enthält. Das Unternehmen hält an seinem Ziel fest, bis 2040 in der gesamten Wertschöpfungskette klimaneutral zu werden, mit einem Zwischenziel, die Treibhausgasemissionen pro verkauftem Fahrzeug bis 2030 zu halbieren.

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GOTHENBURG, Sweden--(BUSINESS WIRE)-- Polestar (NASDAQ: PSNY) has published its fourth Annual Sustainability report, announcing significant GHG reductions, updates on the Polestar 0 project and a continued quest for increased transparency and more sustainable materials. Since the Company started measuring in 2020, Polestar has reduced its carbon footprint per sold car with a quarter (24.7%). The most significant contributing factors to this achievement include an increased use of low-carbon aluminium in all models, improvements in battery manufacturing, 100% renewable electricity in the manufacture of all models and more efficient logistics combined with increased use of biofuels on certain ocean routes.

Michael Lohscheller

Michael Lohscheller

Michael Lohscheller, Polestar CEO, says: “Polestar has shown that it is possible to decouple growth from climate impact. In simple terms, we aim to continue to cut emissions as we accelerate sales. Even though much in the world seems to be going in the wrong direction, we are doubling down on our commitments. When the world zigs, Polestar zags.”

The Polestar 0 project was launched in 2021, as a moonshot goal to create a climate neutral car, aimed at galvanising a sense of urgency and accelerating collaborative research, supporting Polestar’s goal of becoming climate neutral by 2040. Today, the project partners and Polestar are proud to announce that across the companies’ combined initiatives, important low carbon solutions have been identified, showing the potential to produce a Polestar 2 with a 10 tonnes lower carbon footprint than when the project started*.

The largest contributions are within aluminium and steel manufacturing, key materials for decarbonisation as they represent around 45% of the total cradle-to gate carbon footprint of Polestar 2. Moving into its next stage, the structure of the Polestar 0 project will shift, with areas that require further research serving as input to the Mission 0 House*, a Polestar-initiated but collaboratively driven and funded research centre. Located in Gothenburg, the research hub hosts scientists from academia and engineers from industry, who work side by side, towards elimination of GHG emissions in materials, products and processes. As a key principle, the ambition is to consider commercialisation of future potential solutions developed by the Mission 0 House.

Circularity, Inclusion and Transparency remain key areas. Polestar joined the Initiative for Responsible Mining Assurance (IRMA) and continued the expansion of onsite audits in high-risk regions. Traceability of risk materials was expanded to include the mapping of manganese, among others. Polestar continues its efforts to increase both data availability and share of recycled content from car programs to model year upgrades and Polestar 4 now contains 10% recycled material.

Read Polestar's full Sustainability report here: https://www.polestar.com/dato-assets/11286/1744370504-polestar_sustainability_report_2024.pdf

Notes to editors

*The cradle-to-gate carbon footprint of the 2020 launch edition Polestar 2 Long range Dual motor variant would go from about 26 tonnes to 16 tonnes of CO2e by fully incorporating the solutions identified within the partnerships.

*Read more about Mission 0 House in our sustainability report on page 79

About Polestar
Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand with a focus on uncompromised design and innovation, and the ambition to accelerate the change towards a sustainable future. Headquartered in Gothenburg, Sweden, its cars are available in 27 markets globally across North America, Europe and Asia Pacific.

Polestar has three models in its line-up: Polestar 2, Polestar 3, and Polestar 4. Planned models include the Polestar 5 four-door GT (to be introduced in 2025), the Polestar 6 roadster and the Polestar 7 compact SUV. With its vehicles currently manufactured on two continents, North America and Asia, Polestar plans to diversify its manufacturing footprint further, with production of Polestar 7 planned in Europe.

Polestar has an unwavering commitment to sustainability and has set an ambitious roadmap to reach its climate targets: halve greenhouse gas emissions by 2030 per-vehicle-sold and become climate-neutral across its value chain by 2040. Polestar’s comprehensive sustainability strategy covers the four areas of Climate, Transparency, Circularity, and Inclusion.

Forward-Looking Statements
This press release contains statements that are not historical facts, but rather forward-looking statements within the meaning of Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Polestar or its management believes or anticipates may occur in the future. All forward-looking statements are based upon, as applicable, our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including those risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Polestar’s Form 20-F, and other documents filed, or to be filed, with the U.S. Securities and Exchange Commission by Polestar. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law.

Ellen Broomé

Head of Sustainability and Design Communication

ellen.broome@polestar.com

Source: Polestar

FAQ

How much has Polestar (PSNY) reduced its carbon emissions per car since 2020?

Polestar has reduced its carbon footprint per sold car by 24.7% since 2020 through low-carbon aluminum usage, improved battery manufacturing, renewable electricity, and efficient logistics.

What is the potential carbon footprint reduction for Polestar 2 through the Polestar 0 project?

The Polestar 0 project has identified solutions that could reduce Polestar 2's cradle-to-gate carbon footprint by 10 tonnes, from 26 to 16 tonnes of CO2e.

What percentage of recycled materials does the new Polestar 4 contain?

The Polestar 4 contains 10% recycled materials, reflecting the company's commitment to increasing recycled content in its vehicles.

What are Polestar's (PSNY) climate targets for 2030 and 2040?

Polestar aims to halve greenhouse gas emissions per vehicle sold by 2030 and achieve climate neutrality across its entire value chain by 2040.

What is the Mission 0 House and where is it located?

Mission 0 House is a Polestar-initiated research center in Gothenburg, Sweden, where scientists and engineers collaborate to eliminate greenhouse gas emissions in materials, products, and processes.
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