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Exponential Framework
Standing firm in uncertain times - delivering world-leading results in climate solutions enablement
Polestar's Leadership in the Exponential Framework
Where Polestar Can Have the Biggest Impact: Pillars 2 & 3: Value Chain + Solutions (70%)
As an EV manufacturer, Polestar's impact comes from both decarbonizing their supply chain (battery materials, manufacturing) and providing zero-emission vehicles that replace ICE cars.
Highlighted areas show where Polestar demonstrates climate leadership
Click any highlighted category to see evidence
Technology
Software, hardware, semiconductors
Decarbonize Value Chain
Scope 3 upstream emissions from suppliers and materials
Build & Scale Solutions
Climate solutions, avoided emissions, product innovation
Why These Weights?
Polestar's climate impact is split between their materials supply chain (P2: 40%) and their product as a climate solution (P3: 35%). The Polestar 0 project aims for a truly zero-emission car by 2030, requiring both supply chain transformation and product innovation.
Climate Performance Across Five Pillars
Detailed assessment of commitment and reporting across each transformation pillar
Cut Operational Emissions
Commitment
100% renewable electricity across all manufacturing and battery production; 24.7% footprint reduction per vehicle
- 100% renewable electricity for all manufacturing facilities
- Battery production at Volvo Ghent: 100% renewable
- Polestar 0 project: truly climate-neutral car by 2030 (no offsets)
Progress & Evidence
Total Corporate Emissions 2024: ~1.8-1.9 Million tCO₂e (98% Scope 3 - supply chain & vehicle use phase)
- Scope 1+2: ~37,000 tCO₂e (2% of total)
- Scope 3: ~1.8M tCO₂e (98% of total)
- Per-vehicle footprint: 22 tCO₂e (Polestar 2 MY25) - down 24.7% vs MY20
- 100% renewable electricity in manufacturing
Decarbonize Value Chain
Commitment
SteelZero member; 83% low-carbon aluminium; blockchain traceability; industry-leading LCA transparency
- SteelZero: 100% net-zero steel by 2040
- 83% low-carbon aluminium in Polestar 4
- Blockchain traceability for cobalt and mica
- Full lifecycle assessment published for every model
Progress & Evidence
Lifecycle emissions: 22-44 tCO₂e per vehicle - better than Mercedes (46.3t) and Volvo (45t) peers
- Polestar 2 MY25: 22 tCO₂e lifecycle (EU grid)
- Polestar 3: 31 tCO₂e lifecycle
- Polestar 4: 44 tCO₂e lifecycle
- vs Mercedes fleet average: 46.3 tCO₂e (2023)
Build & Scale Solutions
Commitment
Polestar 0: truly climate-neutral car by 2030 without any offsets - 11.5% complete, 38% pathway identified
- Polestar 0: zero emissions car by 2030 (no offsets)
- 100% EV portfolio (no hybrids)
- Every vehicle sold avoids 16-31 tCO₂e vs ICE equivalent
Progress & Evidence
Fleet Impact: 221,000 vehicles sold = 3.5-6.8 Million tonnes CO₂ avoided vs equivalent ICE fleet
- 221,000 cumulative vehicles sold (end 2024)
- 16-31 tCO₂e avoided per vehicle vs ICE (depending on grid)
- Fleet avoided emissions: 3.5-6.8 MtCO₂e (lifetime)
- Polestar 0 progress: 11.5% achieved, 38% pathway identified
Mobilize Finance & Investment
Commitment
$950M green loan facility; Mission 0 House SEK 100M; climate neutrality by 2040
- $950M green loan facility (2024)
- Mission 0 House: SEK 100M R&D center for zero-carbon materials
- Climate neutrality by 2040 across entire value chain
Progress & Evidence
Elimination over offsetting; Volvo internal carbon pricing applied
- $950M green loan facility secured
- Volvo internal carbon price applied to decisions
- No offset purchases - focus on elimination
- Green financing for supplier decarbonization
Shape Policy & Narrative
Commitment
Pushing industry-wide LCA transparency; EU 2035 ICE ban defender; V2G pioneer
- Advocate for mandatory LCA disclosure across auto industry
- Defend EU 2035 ICE phase-out
- Pioneer V2G (vehicle-to-grid) technology
Progress & Evidence
Multiple coalition memberships; 100% EV commitment (no hybrids)
- SteelZero, First Movers Coalition member
- Public support for EU 2035 ICE ban
- V2G pilots enabling grid flexibility
- Industry-leading transparency setting new standards
The Fleet Impact Ratio
Every Polestar sold avoids 16-31 tonnes CO₂ compared to an equivalent ICE vehicle. With 221,000 vehicles on the road, the fleet-wide impact is transformational.
The Fleet Impact Ratio
Every Polestar sold avoids 16-31 tonnes CO₂ compared to an equivalent ICE vehicle. With 221,000 vehicles on the road, the fleet-wide impact is transformational.
Polestar's climate projects achieve multipliers ranging from 2x – 38x(project avoided emissions vs. Polestar's total operational footprint of ~1.8-1.9 Million tCO₂e (2024)).
Impact Ratio Formula: Handprint ÷ Footprint = Multiplier. The handprint is "the reduction of the carbon footprint of others" (VTT Guide, p.11). A 10x multiplier means for every tonne emitted, the company enables 10 tonnes avoided for customers.
View Full Methodology & Scientific ReferencesCompany Details
Legal entity information and industry classification
Company Details
Industry Classification (GICS)
Legal Entity Identifier (LEI)
LinkedIn
WikidataIndustry Classification Hierarchy
GICS Classification
Global Industry Classification Standard (MSCI/S&P)
25251025102025102010GICS® is a registered trademark of MSCI Inc. and S&P Global Inc.
NACE Rev. 2.1 Classification
EU Statistical Classification of Economic Activities
C29NACE Rev. 2.1 is the statistical classification of economic activities in the European Union.
Sources & References
Data sources and documentation supporting this profile
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