SS S TRTR TRANSFORMING PRODUCTS BUSINESS CONTEXT TR AA The automotive industry continues a journey of transformation driven A TETE 2023 TARGETS AND GOALS PROGRESS by the expectations of customers, employees, investors and TE GG G II Next generation Plug-In Hybrid – First PHEV mid-engined supercar, I CC policymakers focused on the need to tackle climate change. We C R R Electric Vehicle (‘PHEV’) Valhalla, on course to enter understand society’s expectations of the need for urgent action to R EE commencing delivery in 2024 production in 2024. E PP limit the average rise in global temperatures to 1.5°C by 2100 as P OO – First BEV now targeted for launch O RR highlighted by the United Nations Framework Convention on R TT First Battery Electric Vehicle in 2026. Climate Change. T – 205 colleagues completed (‘BEV’) targeted for launch in 2,377 hours of EV-related GG 2025 instructor-led training. Governments at both a national and local level are continuing to G OO – Aston Martin approved to deliver introduce legislation to reduce emissions from transport to address O VEVE Institute of the Motor Industry- both climate change and local air quality. Around the world, many VE RR Electrified line-up of sports R NANNAN cars and SUVs by 2030 approved Electric Vehicle (‘EV’) governments are introducing legislation which will end the sale of NAN Level 2 and 3 training in-house. internal combustion engine vehicles (‘ICEs’) in the coming years. For CC – Project ELEVATION, a six-partner C EE collaborative research and example, the UK Government will require all new vehicles sold in E development project led by Aston the UK to be zero emission at the tailpipe by 2035. Martin awarded £9m supporting FF F II Our 2023 materiality assessment indicates that climate change I NANNAN development of innovative remains a top priority for stakeholders. Climate change-related NAN modular BEV platform. CC risks are also deemed capable of causing a significant financial impact C IALIAL over the medium to long-term, centring around the EV transition IAL S S TRANSFORMING PRODUCTION and supply chain. These are risks that the Company continues to S TT T AA 2023 TARGETS AND GOALS PROGRESS manage as it works to seize the opportunities presented by vehicle A TT T EE electrification. E MM Carbon Neutral – Aston Martin Lagonda Ltd & Aston M EE manufacturing facilities Martin Works Ltd certified by the E NN N TT Carbon Trust as carbon neutral for T SS 2022 in accordance with PAS 2060. S Policy and standards All manufacturing operations at In 2023 we introduced our new Code of Conduct which reflects our FF Gaydon, St Athan and Newport F UU values in action, particularly in areas with key ethical or legal U RR Pagnell locations carbon neutral. R TT T HH – Certification based on offsetting considerations, marking what we stand for and what we expect H EE E RR Scope 1 and Scope 2 emissions from each other. Outlining the key policies and behaviours that R INF INF INF through Gold Standard verified everyone should follow, the Code is intended to guide the way that the projects. business and our people operate. We believe that high integrity, OROR Net-Zero manufacturing – Solar Photovoltaic (‘PV’) delivers high performance and includes managing our environmental OR MM M AA facilities by 2030 generation installation at Newport commitments. A TT T II I ONON Pagnell complete. Our Environment Policy ensures that we comply with all relevant ON 100% use of renewable – All manufacturing facilities at electricity in our Aston Martin continue to be legislation and commits to ongoing reductions in our carbon manufacturing facilities powered by 100% renewable footprint as well as assessing through a risk-based approach the electricity since 2019. threats and opportunities of climate change to the Company. Reduce CO emissions from our – 16.8% reduction in CO emissions 2 2 manufacturing operations by from our manufacturing For more information see 2.5% year -on-year* operations compared with 2022. www.astonmartinlagonda.com/sustainability/policies. Reduce CO emissions intensity – 23.3% reduction in CO emissions 2 2 and energy consumption per intensity and energy consumption car by 2.5% year-on-year* per car manufactured compared with 2023. Implement ISO 50001 Energy – Work ongoing. Management Systems at key manufacturing facilities by 2025 30% reduction in supply – Responsible Procurement Policy chain CO emissions by 2030 signed by 94% of production and 2 (compared to 2020) indirect suppliers. – 8 bio-LNG trucks introduced by DHL Supply Chain to replace diesel trucks supporting the Company’s supply chain. Net-zero across our supply – Work ongoing. chain by 2039 ASTON MARTIN LAGONDA ANNUAL REPORT AND ACCOUNTS 2023 45