The Lion Electric Company, a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced at its annual shareholder meeting, that it released its first annual Environmental, Social and Governance (“ESG”) report, a document that provides an overview of the Company’s priorities, as it advances the management of its ESG risks and opportunities.

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“At Lion, we believe in a healthier, more resilient future for all, and we have a long history of creating reliable, climate-friendly electric vehicles for the well-being of our citizens and the communities in which we live. We are proud to be a change agent, bringing solutions to our customers in their journey to GHG emissions reductions,” said Marc Bedard, Lion Electric’s CEO-Founder. “As we look to achieve long-term sustainable growth, having this inaugural report formalizes and enables us to share these deep-rooted beliefs with our stakeholders. This is an important first step in formulating our approach to a sustainable business, especially through an ESG lens. We invite you to review our report to learn about our plans to pave the way for transportation decarbonization and a sustainable future,” he added.

During the year, significant progress was made across ESG topics, as we, among other things:

• Established formal oversight of ESG practices and published our first ESG Policy
• Calculated our scope 1 and 2, 2020 and 2021 GHG emissions
• Helped our customers avoid 10,862 tCO₂eof GHG emissions
• Studied potential long-term plans for the lifecycle of our batteries
• Conducted an employee experience and an employment equity survey
• Unveiled our Diversity, Equity and Inclusion Policy
• Committed to at least 30% female representation on the Board by Lion’s next annual meeting of shareholders to be held in 2023
• Committed to at least one director who is a minority by our next annual meeting of shareholders in 2023
• Launched a Whistleblower line

To read the full report: Click here

Source: Lion Electric Company

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