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Polestar, officially known as Polestar Automotive, is a prominent player in the automotive industry, headquartered in Sweden (SE). Founded in 2017, the company has quickly established itself in the sale, maintenance, and repair of motor vehicles, including cars, motorcycles, and their respective parts and accessories. With a focus on electric performance vehicles, Polestar stands out for its commitment to sustainability and innovative design.
The brand operates primarily in Europe, North America, and Asia, offering a range of unique electric vehicles that combine cutting-edge technology with high-performance capabilities. Notable achievements include the successful launch of the Polestar 1 and Polestar 2, which have garnered attention for their eco-friendly features and advanced engineering. As a leader in the electric vehicle market, Polestar continues to redefine the automotive landscape with its dedication to quality and sustainability.
+13 vs industry average
Polestar’s score of 52 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Motor Vehicle Retail Services has below-average carbon intensity
The Motor Vehicle Retail Services industry has reduced its overall emissions by 38% since 2018
Scope 3 accounts for ••• of total emissions.
Polestar, headquartered in Sweden, reported approximately 1,550,778,000 kg CO2e in total greenhouse gas emissions for 2024. This includes about 48,000 kg CO2e from Scope 1, approximately 22,818,000 kg CO2e from Scope 2 (market-based), and around 1,527,912,000 kg CO2e from Scope 3 emissions. Their Scope 3 emissions in 2024 were primarily driven by purchased goods and services (approximately 1,011,054,000 kg CO2e) and use of sold products (approximately 333,627,000 kg CO2e).
Looking back, Polestar's total emissions were approximately 1,856,786,000 kg CO2e in 2023, about 1,885,070,000 kg CO2e in 2022, approximately 1,158,715,000 kg CO2e in 2021, and around 455,902,000 kg CO2e in 2020.
Polestar has set a near-term intensity target to reduce its greenhouse gas emissions by 50% per vehicle sold by 2030, using a 2020 base year.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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