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Lotus Technology Wins Green Apple Award for Environmental Practices

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NEW YORK, Nov. 29, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or “the Company”) (N...

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AI Summary

Lotus Tech won the Green Apple Environment Award for sustainability efforts. Recognition highlights Lotus Tech's commitment to environmental best practices. Successful pilot project on natural capital drives eco-friendly supply chain changes. Lotus Tech featured in ClimateTech In Focus report during COP29. The company was a finalist for the British Business Awards Sustainability Award.

Sentiment Rationale

Awards and recognitions often enhance brand reputation, potentially driving investor interest.

Trading Thesis

Sustainability initiatives may positively influence customer preferences and sales over time.

Market-Moving

  • Lotus Tech won the Green Apple Environment Award for sustainability efforts.
  • Recognition highlights Lotus Tech's commitment to environmental best practices.
  • Successful pilot project on natural capital drives eco-friendly supply chain changes.

Key Facts

  • Lotus Tech won the Green Apple Environment Award for sustainability efforts.
  • Recognition highlights Lotus Tech's commitment to environmental best practices.
  • Successful pilot project on natural capital drives eco-friendly supply chain changes.
  • Lotus Tech featured in ClimateTech In Focus report during COP29.
  • The company was a finalist for the British Business Awards Sustainability Award.

Companies Mentioned

  • TSLA (TSLA)
  • F (F)
  • GM (GM)

Corporate Developments

Environmental accolades can attract investment and improve market positioning, affecting LOT's valuation.

November 29, 2024 05:00 ET | Source: Lotus Technology Inc. NEW YORK, Nov. 29, 2024 (GLOBE NEWSWIRE) -- Lotus Technology Inc. (“Lotus Tech” or “the Company”) (Nasdaq: LOT), a leading global intelligent and luxury mobility provider, was awarded the Green Apple Environment Award for its commitment to sustainable environmental practices. The Green Organization, an independent, non-political, and non-profit environmental group since 1994, is dedicated to recognizing, rewarding, and promoting environmental best practices and corporate social responsibility around the world. Lotus Tech was presented with the Green Apple Environment Award at Kensington Palace, a historic royal abode in London. This award is a testament to Lotus Tech's unwavering commitment to ecological preservation and sustainable development. Lotus Tech initiated an industry-pioneering pilot project on natural capital assessment, identifying nature-related risks and opportunities across its procurement, assembly, and manufacturing processes. Based on the findings, Lotus Tech has worked with its suppliers to drive further changes in raw materials sourcing, including the increase of recycled materials and green energy use. These supply chain initiatives of Lotus Tech were also spotlighted in the Shanghai Climate Week's annual flagship report, ClimateTech In Focus, jointly developed with United Nations Institute for Training and Research (UNITAR) and Pacific Economic Cooperation Council (PECC) and released on COP29 in Nov 2024. Lotus Tech also received recognition for its dedication to responsible business operations as a finalist of the Sustainability Award of the British Business Awards 2024. This demonstrates the company’s environmentally conscious approach to achieving its sustainability goals. To learn more about Lotus Tech’s ESG strategy and achievements, download the ESG report here: https://ir.group-lotus.com/environmental-social-governance About Lotus Technology Inc. Lotus Technology Inc. has operations across the UK, the EU and China. The Company is dedicated to delivering luxury lifestyle battery electric vehicles, with a focus on world-class R&D in next-generation automobility technologies such as electrification, digitalisation and more. For more information about Lotus Technology Inc., please visit www.group-lotus.com.Contact Information ir@group-lotus.com

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