At The Lion Electric Company (“Lion”), environmental, social and governance (“ESG”) issues are engrained in our DNA and drive us in everything we do. We believe the time to electrify transportation is now because it plays an important role in achieving net-zero emissions and transitioning to a low-carbon economy. Doing so is a matter of respecting the earth and the people who live on it. It will also lead to a better society, a healthier environment and improved living conditions. We are committed to leading by example and stand ready to support companies and communities looking to prepare themselves for the future.
We commit to operate our business in an ethical and sustainable manner. We know that ESG issues are integral to the long-term success and health of our business. As such, we believe that effective ESG management helps us build a strong company shaped by the best people delivering sustainable and integrated transportation solutions, thereby driving value for all our stakeholders.
Vision
As a leader in the design, manufacturing and distribution of all-electric medium and heavy-weight vehicles, we want to pave the way for transportation decarbonization. We aspire to blaze trails towards net-zero emissions and inspire others to come along for the ride. We strive to be an exemplary corporate citizen and set the standard for sustainable operations and supply chain management. We seek to mitigate potential social or environmental impacts that may result from our activities and seize opportunities to enhance positive environmental and social outcomes whenever possible.
Commitments
As a leading North America original equipment manufacturer (“OEM”) in transportation electrification and a role model in the transition to a net-zero future, Lion commits to:
Implementation
To make progress across our ESG commitments, we will establish our current performance, set targets, implement actions, monitor our improvements and report transparently.
Scope and Responsibilities
This Policy applies to all Lion’s operations and our employees, suppliers and contractors. All Lion’s employees are responsible for contributing to the effective implementation of this Policy. The CEO - Founder oversees this Policy and is responsible for its enforcement across all of Lion’s operations.
Review and approval
This Policy is reviewed annually. This Policy has been approved by Lion’s board of directors on November 6, 2023, following recommendation of the Nominating and Corporate Governance Committee.