The Lion Electric Company, a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today 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.
“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:
This report contains disclosures recommended in the Industrial Machinery & Goods and Automobiles standards developed by the Sustainability Accounting Standards Board (“SASB”) and the recommendations by the Task Force on Climate-related Financial Disclosures (“TCFD”).
Lion Electric is an innovative manufacturer of zero-emission vehicles. The company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric buses and minibuses for the school, paratransit and mass transit segments. Lion is a North American leader in electric transportation and designs, builds and assembles many of its vehicles’ components, including chassis, battery packs, truck cabins and bus bodies.
Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. Lion believes that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life. Lion shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV.