LATEST NEWS Nissan bringsits innovation and excitement to the ‘Race to Zero’

Yokohama, August 30th, 2021:Nissan has announced that it has joinedthe Race to Zero campaign supported by the United Nations,accelerating the company’sfull electrification and carbon neutrality goals. Nissan is the first Japanese automaker to join the campaign.

Nissan also signed the campaign’s Business Ambition for 1.5°C commitment, aligning Nissan with the goal to keep global temperature rise to 1.5°C above pre-industrial levels. Nissan has joined the Science Based Targets initiative (SBTi), a requirement for participation in the campaign. Nissan’s well below 2°C carbon reduction targets have been validated by the SBTi, ensuring that they are aligned to climate science.

“Through joining theSBTi and participating in these campaigns, we are renewing our determination to work with like-minded companies and local governments around the world to solve the challenges of climate change and realize a sustainable society,” said Nissan President and CEO Makoto Uchida.

“To accelerate global efforts to achieve carbon neutrality, Nissan will continue to address various issues in a responsible manner, including further promotion of electrification. Also at Nissan we are determined to fulfil our role as a company that will continue to be needed by our stakeholders in the future.”

In 2010, Nissan launched the LEAF, the world’s first mass-market electric vehicle, and, through new all-electric vehicles and electrified technologies rolling out across the globe, continues to bring innovation and excitement to zero emissions driving and zero emissions power. 

Earlier this year Nissan pledged to achieve carbon neutrality across its operations and the life cycle of its products by 2050. Nissan is looking to accelerate these efforts through initiatives like Nissan EV36Zero – the new manufacturing blueprint combining electric vehicle production, battery manufacturing and renewable energy generation.

Alberto Carrillo Pineda, Managing Director and Co-Founder, SBTi said: “Bold and urgent action is needed to limit the worst effects of climate breakdown and unlock a sustainable future for us all. As the first Japanese automaker to commit to the Business Ambition for 1.5°C campaign, Nissan is joining more than 700 companies worldwide in working towards the most ambitious and robust science-based emissions reduction targets.

“By aligning with climate science, Nissan is making a clear declaration that it is ready and willing to play its part in achieving the Paris Agreement. All other companies worldwide must take immediate action to increase their climate ambitions and support the global economy to significantly reduce emissionsand achieve net-zero before 2050.”

COP26 President Designate Alok Sharma said: “It is fantastic to see Nissan join the Race to Zero. They are the first Japanese vehicle manufacturer to sign up and through their manufacturing of batteries in North East England for electric cars, are demonstrating real leadership in the transition to net zero across the UK.

“By joining the Race to Zero, Nissan is now part of the largest global alliance of companies, cities, investors, regions and universities committed to working together towards halving global emissions by 2030 and achieving net zero emissions by 2050 at the very latest.

“COP26, the UN climate change summit the UK is hosting in Glasgow this November, is a turning point. We must keep the goal of limiting the average temperature rise to 1.5C alive by taking decisive action and coming forward with long-term strategies for a pathway to net zero by the middle of the century.”

Central to Nissan’s carbon neutrality plans is its rollout of electrified vehicles and technologies. This began in 2010 and continues today with the expansion of Nissan’s unique e-POWER technologyand new fullyelectric vehicles such as the Nissan Ariya crossover. Nissan is aiming for 100% of its all-new vehicle offerings to be electrified in the key markets of Japan, China, the United States and Europe by the early 2030s.

Earlier this year Nissan announced its long-term commitment to the ABB FIA Formula E World Championship racing through to the end of season twelve 2025-2026, bringing the excitement and fun of zero-emission electric vehicles to a global audience.

To accelerate this journey, Nissan recently unveiled Nissan EV36Zero, a blueprint for the future of the automotive industry. Demonstrating the company’s 360-degree approach to zero-emissions, a new £1bn flagship Electric Vehicle (EV) Hub in the UK is bringing together electric vehicles, renewable energy and battery production,to supercharge the drive to carbon neutrality.

Further to the development of new vehicles and technologies, Nissan will continue its work with partners globally in innovating and developing the electric ecosystem around EVs, covering renewable energy generation, energy storage, 2nd life uses for EV batteries and continued development of the ‘4R’ business model - Reuse, Refabricate, Resell, Recycle - for the benefit of communities.

ENDS

About Science Based Targets

The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.

The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets. www.sciencebasedtargets.org@sciencetargets

About Race To Zero

Race To Zero is a global campaign to rally leadership and support from businesses, cities, regions, investors for a healthy, resilient, zero carbon recovery that prevents future threats, creates decent jobs, and unlocks inclusive, sustainable growth.It mobilizes a coalition of leading net zero initiatives, representing 733 cities, 31 regions, 3,067 businesses, 173 of the biggest investors, and 622 Higher Education Institutions. These ‘real economy’ actors join 120 countries in the largest ever alliance committed to achieving net zero carbon emissions by 2050 at the latest. Collectively these actors now cover nearly 25% global CO2 emissions and over 50% GDP.

Business Ambition for 1.5°

The Business Ambition for 1.5°C campaign enables companies to set robust emissions reduction targets at the pace and scale required by climate science. Endorsed by an unprecedented global coalition of UN agencies, business groups and industry leaders, the campaign provides a credible net zero pathway for corporate climate leaders.

The campaign is the world’s largest and fastest-growing group of companies taking urgent action for a 1.5°C future. Since launching in 2019, more than 650 companies from across the world have joined the campaign, with a combined market capitalization of more than US$13 trillion.

Companies committed to Business Ambition for 1.5°C receive independent validation of their targets from the Science Based Targets initiative (SBTi) and become part of the UN Climate Champions’ Race to Zero. To join the campaign, submit a signedBusiness Ambition for 1.5°C commitment letter to commitments@sciencebasedtargets.org.