Lion Electric
Lion Electric, officially known as Lion Electric Co., is a leading manufacturer of all-electric commercial vehicles, headquartered in Canada. Founded in 2008, the company has rapidly established itself in the electric vehicle industry, focusing on sustainable transportation solutions for urban environments. With major operational regions across North America, Lion Electric is committed to producing zero-emission buses and trucks that cater to various sectors, including public transit and logistics. The company’s core products, such as the Lion6 and Lion8 electric trucks, are distinguished by their innovative design and advanced technology, offering significant reductions in greenhouse gas emissions. Lion Electric has achieved notable milestones, including partnerships with various municipalities and school districts, solidifying its position as a key player in the transition to electric mobility. As the demand for eco-friendly transportation continues to grow, Lion Electric remains at the forefront of the industry, driving change towards a more sustainable future.
DitchCarbon Score
How does Lion Electric's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Furniture Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Lion Electric's score of 35 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lion Electric's reported carbon emissions
In 2023, Lion Electric, headquartered in Canada, reported total carbon emissions of approximately 10,000,000 kg CO2e. This figure includes 498,000 kg CO2e from Scope 1 emissions, 712,000 kg CO2e from Scope 2 emissions, and a significant 9,993,000 kg CO2e from Scope 3 emissions. Comparatively, in 2022, the company recorded total emissions of about 7,961,000 kg CO2e, with Scope 1 emissions at 712,000 kg CO2e and Scope 2 emissions at 1,898,000 kg CO2e. The increase in emissions from 2022 to 2023 highlights the challenges faced in reducing carbon footprints, particularly in Scope 3, which often encompasses indirect emissions from the supply chain and product use. Lion Electric has not disclosed specific reduction targets or initiatives through the Science Based Targets initiative (SBTi) or other climate pledges. However, the company is actively engaged in monitoring and reporting its emissions, as evidenced by its detailed ESG reports. The GHG intensity per vehicle produced has shown a decrease from 4,000 kg CO2e in 2021 to 3,000 kg CO2e in 2023, indicating progress in improving production efficiency. Overall, while Lion Electric has made strides in understanding and reporting its emissions, the absence of formal reduction commitments suggests an opportunity for the company to enhance its climate strategy and align with industry standards for sustainability.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 3,140,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | 498,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 3 | 2,224,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Lion Electric is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
