475 New EVs in 2023 21 Zero emission company cars As part of the European Green Deal, the EU has committed to put light duty vehicles on a pathway towards zero emission mobility after 2025. To support the acceleration of low carbon transport and our goal to minimise our carbon footprint, we aim to accelerate our company car fleet conversion to zero emissions by 2025. Kingspan defines a ‘zero emissions car’ as a vehicle with zero tailpipe emissions. The boundary does not include the energy used to power the vehicle or the embodied emissions from manufacturing. Each year we will convert a percentage of our company cars to zero emissions when due for replacement, ramping up to 100% of replacement > cars annually from 2025. To achieve this target, our strategy is based on: • Research & engagement Actively engaging with car manufacturers and leasing companies to understand the availability and suitability of their electric vehicle offering across the countries where we operate. • Internal taskforce We formed a multi-functional taskforce to support the implementation of the car target throughout our business. The team includes colleagues from sustainability, operations, finance, HR and procurement. The team meets on a quarterly basis. • Infrastructure Investing in EV charging infrastructure across our operations and introducing supporting schemes for our employees to enable at home EV charging.
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