Environmental Technology

Nissan sustainable finance framework to support EVs, green technologies, Auto News, ET Auto

File Image

New Delhi: Nissan Motor Co., Ltd. on Thursday launched a sustainable finance framework to help fund its next-generation electrified vehicles, batteries, environmental technologies, and new mobility services.

Proceeds from the Nissan Sustainable Finance Framework will also be used to support projects in Nissan’s use of renewable energy, clean manufacturing systems, EV re-charging infrastructure, battery reuse, and autonomous-drive technologies, a company statement said.

The Nissan Sustainable Finance Framework will enable Nissan to raise the funds needed to further enhance its sustainability efforts. This initiative underlines Nissan’s commitment to promoting sustainability and strengthening efforts to realize a cleaner, safer, and more inclusive world.

The company has published the eligibility criteria for business areas and technology projects to receive proceeds under the Sustainable Finance Framework, which follows a review of the initiative by Sustainalytics, the independent research firm focused on environmental, social and governance (ESG). According to Sustainalytics, Nissan’s framework is aligned with the Green Bond Principle 2021, Social Bond Principle 2021, Sustainability Bond Guideline 2021, Green Loan Principle 2021, and Social Loan Principle 2021.

Meanwhile, in its newly-published Nissan Sustainability Report 2022, the company has summarized its strategy and action to meet the ESG goals.

  Joji Tagawa
Joji Tagawa

Joji Tagawa, chief sustainability officer, said, “Nissan is determined to be a truly sustainable company, which is central to the trust placed in us by all stakeholders. Our progress and achievements from the past year emphasize how sustainability lies at the heart of our purpose-led growth strategy, and how long-term value creation is driven at the intersection of innovation and sustainability. We will further strengthen our efforts to address the key issues we have identified.”

Tagawa reaffirmed plans to achieve carbon neutrality through initiatives where Nissan can deliver the most value, such as reducing exhaust emissions from its products and offering electrified versions of all new models by the early 2030s.

The company will progress with battery and vehicle technologies while expanding initiatives like 4R and Blue Switch to enhance the EV ecosystem, a company release said.

The automaker’s ESG priorities include decreasing its carbon footprint throughout the entire value chain, with Nissan becoming the first Japanese automaker to join the Race to Zero global campaign backed by the United Nations. By partnering with various sectors, communities and governments, Nissan aims to expand the use of renewable energy to reduce emissions and empower societies with safe energy management solutions.

Also Read:

Nissan India is an important hub for the exports of completely built-up cars and for parts supply, the company said.

According to the company, by 2030, at least one in two cars sold by the BMW Group will be fully electric. The MINI and Rolls-Royce Motor Cars brands will offer only fully electric vehicles from the beginning of the 2030s. For example, the BMW Group aims to reduce CO2 emissions per vehicle in the use phase by 50% by 2030 compared to 2019.


Related Articles

Leave a Reply

Your email address will not be published.

Back to top button