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Polestar Annual Sustainability Report announces a 25% cut in emissions per sold car

1. Polestar reports 24.7% reduction in carbon footprint per sold car since 2020. 2. The company advances sustainability efforts through the Polestar 0 project.

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Why Bullish?

The reduction in carbon emissions and sustainable practices can enhance brand reputation and sales, which historically leads to positive stock performance in eco-conscious markets.

How important is it?

Polestar's commitment to sustainability aligns with market trends, potentially solidifying its position and driving future growth.

Why Long Term?

As sustainability becomes increasingly important, Polestar’s initiatives may attract more environmentally conscious investors and customers over time.

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GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (NASDAQ: PSNY) has published its fourth Annual Sustainability report, announcing significant GHG reductions, updates on the Polestar 0 project and a continued quest for increased transparency and more sustainable materials. Since the Company started measuring in 2020, Polestar has reduced its carbon footprint per sold car with a quarter (24.7%). The most significant contributing factors to this achievement include an increased use of low-carbon alum.

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