Polestar commits to Paris Agreement target
Polestar has joined the Exponential Roadmap Initiative, which connects businesses committed to meeting the Paris Agreement target of restricting a global temperature increase to 1.5°C above pre-industrial levels.
As part of the initiative, Polestar commits to going further than the decarbonisation of its own products and reduction of value chain emissions. The brand aims to integrate climate action deeply into its business strategy while working to influence wider society, towards net zero.
Thomas Ingenlath, CEO of Polestar, said: “We listen to the science that tells us that we are not moving fast enough to stay within the 1.5-degree climate target. The automotive sector can have a profound effect on this and we have to step up. Our partnership with the Exponential Roadmap Initiative will give us the opportunity to collaborate on climate strategies with companies who share our level of ambition. We also hope to use this platform to influence decision makers and climate policy.”
Johan Falk, head of the Exponential Roadmap Initiative, said: “The race to zero is a journey of rapid decarbonisation, in which all companies must contribute to halving global emissions before 2030 towards net zero on a global basis. It is also a journey of exponential growth, where innovators and disruptors play a key role through exponential climate solutions and action. Therefore, we are delighted that a frontrunner like Polestar join us.”
