Sustainable electric automaker, Fisker Inc (NYSE:FSR) released its Life Cycle Assessment (LCA) report Friday, measuring the carbon footprint of their Ocean all-electric SUV. According to the assessment, the Fisker Ocean achieved the lowest published carbon footprint of any electric SUV in its market segment, living up to the company’s ambitious promise of building the “world’s most sustainable vehicle.”
“Since we founded Fisker Inc., building the most sustainable electric vehicles is not just a marketing slogan; it’s core to our culture,” Chairman and CEO Henrik Fisker said. “It means shifting antiquated thought processes from across a 100-year-old industry, challenging the supply chain down to the most minute details, working with partners to improve the way cars are assembled, the energy they are charged with, and working on the way our vehicles are recycled after they come off the road. Our LCA confirms that climate neutrality has been a priority, since well before we started building vehicles.”
Fisker stands out in the industry due to its early integration of sustainability into its business approach, even before going public. The company places great importance on minimizing the use of new materials, striving to create highly energy-efficient vehicles.
Additionally, Fisker is committed to minimizing waste by exploring strategies to reduce landfill at the end of a vehicle's lifespan, while also actively developing methods for complete vehicle and battery reuse and recycling. A central aspect of Fisker's focus is on fostering a "circular economy," which involves prioritizing the incorporation of battery materials back into upstream sourcing.
“The results are clear: The carbon saved by choosing a Fisker Ocean over an average gasoline vehicle equals the carbon sequestered from 39 acres of US forests,” added Fisker. “We challenge every partner and find like-minded suppliers that strive to do better. It’s no accident the Fisker Ocean is made in a factory powered by renewable energy. This is only the beginning. We will strive to improve every step of the way as we move toward the upcoming Fisker Alaska, PEAR, and Ronin vehicles.”
Shares of FSR are up 4.22% in mid-day trading on Friday.