Polestar released its second Annual Review and Sustainability report on May 17, highlighting its progress toward climate goals. According to the report, in 2021, Polestar reduced greenhouse gas-emissions per car sold by 6% through its focus on increased efficiency and use of renewable energy.
Polestar is targeting creation of a truly climate-neutral car by 2030, halving carbon emissions per sold car between 2020 and 2030, and reaching climate neutrality across its value chain by 2040.
Thomas Ingenlath, Polestar CEO, says: “We work with each step we take to support our climate strategy. Goals set 10 or 20 years ahead in time might feel fluffy. That's where proper reporting comes in - making us accountable for the steps taken every year towards that goal. This is the climate decade. Change and improvement must happen all the time, now, and we can't afford to wait. I’m proud to say we reduced greenhouse gas-emissions per car sold by 6%.”
The 2021 report also revisits the launch of the Polestar 0 project – Polestar’s moonshot goal to create a climate-neutral car by 2030 – and the announcement of the first partner companies joining forces with Polestar toward achieving that goal.
“What gets measured gets done,” comments Fredrika Klarén, head of sustainability at Polestar. “Sustainability reporting is key to the transparency we abide by at Polestar. Through annual reports, we monitor our direction toward our ambitious goals and show that we do what we say.”
In 2021, Polestar introduced a product sustainability declaration, displaying sustainability information for Polestar 2 in all retail environments. According to the announcement, Polestar’s continued partnership with Circulor now includes blockchain traceability of mica, in addition to cobalt that is already traced in Polestar 2 batteries from material source to finished product.
2021 also saw the appointment of expert leads for all four of Polestar’s strategic sustainability areas: climate neutrality, transparency, circularity, and inclusion. Employees across the world took part in several engagement and education sessions on said areas throughout 2021, with plans to continue in 2022.
Polestar also notes its affiliation with the Exponential Roadmap Initiative, as well as its committment to the UN’s Race to Zero.