STRATEGIC REPORT TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES CONTINUED S POLICY – R&D investment to develop lower fleet emissions portfolio TR Managing our exposure to changes in – Maintenance of small volume derogation status exemptions where available A – Establishment of emissions-pooling agreements with third parties to manage exposure to carbon pricing TE legislation G I – Consideration of forward purchasing of carbon offsets to manage exposure to increased pricing and reduced capacity C TECHNOLOGY – R&D investment in EV technology R E Modifying our product offering – Improving energy efÏciency in our manufacturing plants P O – Selection of a strategic partner to provide access to EV powertrain technology R – Investment in use of alternative sustainable materials within vehicles T MARKET – Launch of our Racing. Green. sustainability strategy Adapt to meet customer needs and desires – Continued focus on waste reduction and elimination with zero single-use plastic waste target to be achieved by 2025 G – Working with our supply chain to reduce global emissions and waste O – Development of electrified powertrain options within the product portfolio and increased use of sustainable materials VE to meet customers’ evolving requirements R REPUTATION – Development of our Racing. Green. sustainability strategy to respond proactively to climate change NAN Positioning Aston Martin as an ultra-luxury – Transparent disclosure of our GHG emissions through publication of our Sustainability Report C sustainable brand – Enhanced communication of actions already taken to address climate change E – Development of credible plans to achieve net zero carbon emissions within our plants by 2030 – Deployment of our bold new brand strategy – Clear strategy to electrify our product portfolio and increase use of sustainable materials (including green aluminium) F I NAN METRICS AND TARGETS unit (tCO2e per car manufactured) as a metric for a normalizing our C Our sustainability strategy Racing. Green. incorporates a number emissions data. This emission intensity metric showed a 23.3% drop IAL of climate-related metrics and targets which demonstrate the Company’s compared with 2022. Our progress in 2023 section on page 45 S commitment to tackling climate change in the short-, medium- and highlights the key accomplishments in 2023 related to minimising our T A T longer-term as well as assessing and managing these risks. emissions impact. E M E N We listen to our stakeholders and monitor developments from We previously committed to the SBTi Net-Zero Standard and this year T regulatory and governance bodies to provide input into our materiality have developed our full Scope 3 inventory and are in the process of S assessment for climate-related disclosure purposes. The targets and setting near and long term Company-wide emissions reduction metrics disclosed have been identified by the Sustainability Committee targets in line with the standard. In November 2023 we responded F U as being those that have a material impact on our business due to their to the SBTi consultation on the automaker sectors pathway and R T nature, size or complexity. Our Scope 1, 2 and limited Scope 3 metrics await SBTi reopening validation for automakers. H E as well as energy consumption data are included on page 49 of this R report and form part of this TCFD disclosure. We continue to enhance our data collection methods, working across INF our value chain, and seek to obtain external assurance to validate a OR In summary total Scope 1 and 2 emissions during 2023 amounted to number of our reportable metrics as outlined in our Sustainability M A 13,617.49 tCO2e, a 25% drop from 2022, reflecting a all in total energy Report. We continually review our processes and will do so as we T I use of 11.2%. To provide greater clarity over our actions and the results develop our targets aligned with the SBTi Net-Zero standard, our ON of energy saving and efÏciency measures we use GHG emissions per current relevant climate change targets include: KEY TARGETS – TACKLING CLIMATE CHANGE 100% Net-Zero Clear plan to have Use of renewable manufacturing 30% a line up of electricity to power facilities Reduction in supply electric sports our manufacturing Our first PHEV enters chain CO emissions 2 cars and SUVs operations production (from 2020 baseline) 2019 2022 2024 2025 2030 2039 Zero single-use Target for launch Net-Zero across 2.5% plastic packaging 15% our supply chain of our first BEV Reduce CO emissions Reduction in water 2 waste in 2026 from our manufacturing consumption (from operations by 2.5% 2019 baseline) year-on-year* * Scope 1 emissions as per Racing. Green. strategy. ASTON MARTIN LAGONDA ANNUAL REPORT AND ACCOUNTS 2023 62