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Italian luxury sports car manufacturer Automobili Lamborghini announced a new climate commitment, targeting a 40% […]]
Lamborghini Targets 40% Reduction in Emissions Across the Value Chain by 2030 – ESG Today
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Lamborghini Targets 40% Reduction in Emissions Across the Value Chain by 2030
Mark Segal
February 6, 2024
Italian luxury sports car manufacturer Automobili Lamborghini announced a new climate commitment, targeting a 40% reduction in CO2 emissions on a “per car” basis across its entire value chain by 2030.
The new commitment follows the launch in 2021 by Lamborghini of its environmental sustainability strategy, “Direzione Cor Tauri,” which focused on its roadmap to the electrification of its product line, and the decarbonization of its Sant’Agata Bolognese production site and headquarters. The company launched its first HPEV (High Performance Electrified Vehicle) hybrid super sports car last year, and its electrification targets include introducing its first full electric model in 2028 and a fully electric SUV in 2029, with the aim of a 50% reduction in fleet CO2 emissions by 2025 and 80% by 2030.
With the new ambition, the company extends its program across its value chain, including its supply chain and logistics and the product use phase.
Stephan Winkelmann, Chairman and CEO of Automobili Lamborghini, said:
“Direzione Cor Tauri is our roadmap to electrification of the Lamborghini range and the path to decarbonization, not only of our Sant’Agata Bolognese facility, but of the entire value chain: it is a holistic approach to our global environmental sustainability strategy.”
In addition to its electrification measures, the company outlined a series of initiatives aimed at reducing value chain emissions and improving environmental sustainability, including reducing energy and water consumption, implementing a sustainability ratings system for suppliers, and shifting the transportation of finished vehicles increasingly to rail and away from air transport.
Stefano Rutigliano, Strategy Director at Automobili Lamborghini, said:
“Sustainability is one of the key pillars of our corporate strategy. We aspire to be the super sports car company with the most enduring and genuine commitment to sustainability, through an overall vision of ESG issues. We have a dedicated interdepartmental team working toward the implementation of the Direzione Cor Tauri program.”
Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.
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