- Fisker has signed the UN Global Compact (UNGC) and is committed
to supporting sustainable development goals and being an active
participant with the UN.
- The company has published a Labor and Human Right policy, in
alignment with the UNGC. Fisker joins businesses in over 160
countries that are advancing UN objectives in human rights, labor,
environment, and anti-corruption.
- Fisker CEO Henrik Fisker, in a letter to the UN, expressed the
importance of Environment, Social, and Governance (ESG) goals to
the carmaker’s overall culture.
- The company took an ESG leadership position, aligned with the
UN Goals, prior to committing to the UN Global Compact,
establishing strict social and environmental standards to create
the world’s most sustainable vehicles.
- In 2022, Fisker will produce the required Communication of
Progress (COP) on the company’s efforts to support the Ten
Principles of the UNGC.
- Fisker has formed an ESG advisory council, with UN Development
Programme Goodwill Ambassador Nikolaj Coster-Waldau as its first
external member.
Fisker Inc. (NYSE: FSR) (“Fisker”) – passionate creator of the
world's most sustainable electric vehicles and advanced mobility
solutions – has joined the United Nations Global Compact (UNGC) as
a signatory and participant.
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Fisker Inc. passionate creator of the
world's most sustainable electric vehicles and advanced mobility
solutions – has joined the United Nations Global Compact (UNGC) as
a signatory and participant. Shortly after going public, Fisker
established a stringent framework for Environmental, Social, and
Governance (ESG), including company-wide deliverables aligned with
the UN Sustainable Development Goals (UNSDGs) and using the SASB
reporting structure. (Photo: Business Wire)
The UNGC, established in 2000, is the world’s largest corporate
sustainability initiative, according to the organization, uniting
businesses in over 160 countries to support Ten Principles in areas
of human rights, labor, the environment, and anti-corruption.
(Additional detail on the Ten Principles can be found below.)
Shortly after going public, Fisker established a stringent
framework for Environmental, Social, and Governance (ESG),
including company-wide deliverables aligned with the UN Sustainable
Development Goals (UNSDGs) and using the SASB reporting
structure.
Signing on to the UNGC was a logical next step for Fisker as it
pursues an overarching goal of creating the world’s most
sustainable all-electric vehicles, starting with the Fisker Ocean
SUV, arriving in late 2022. The company aims to produce a
climate-neutral vehicle by 2027.
“ESG is a core value and brand pillar at Fisker,” wrote CEO
Henrik Fisker in a letter to the UN. “We take our responsibilities
to the ethical and fair treatment of people, communities, and the
environment very seriously.”
In a letter responding to Fisker’s stated intention to support
the initiative, UNGC Executive Director Sanda Ojiambo wrote the
“heart of the Global Compact is a conviction that business
practices which are rooted in universal principles help the global
marketplace to be more socially and economically inclusive, thus
advancing collective goals of international cooperation, peace and
development.”
According to Ojiambo, “Such goals are critical for the health
and vibrancy of the private sector given the symbiotic relationship
between business and society.”
Ten Principles of the UNGC
The UNGC has articulated Ten Principles for the Global Compact,
grouped into four areas:
Human Rights
Principles 1 &2: Businesses should support and
respect the protection of internationally proclaimed human rights;
and make sure that they are not complicit in human rights
abuses.
Labor
Principles 3-6: Businesses should uphold the freedom of
association and the effective recognition of the right to
collective bargaining; the elimination of all forms of forced and
compulsory labor; the effective abolition of child labor; and the
elimination of discrimination in respect of employment and
occupation.
Environment
Principles 7-9: Businesses should support a precautionary
approach to environmental challenges; undertake initiatives to
promote greater environmental responsibility; and encourage the
development and diffusion of environmentally friendly
technologies.
Anti-Corruption
Principle 10: Businesses should work against corruption
in all its forms, including extortion and bribery.
Fisker Inc Was Built on ESG
Founded in 2016, Fisker Inc has committed to ESG since the
company’s inception and has established a comprehensive ESG
framework that informs all aspects of the business. Fisker’s
approach to ESG consists of industry leadership, transparency,
partnerships, and real-world scientific measurement.
Thanks to this framework, Fisker intends to meet the UN’s
requirement to produce a Communication of Progress (COP) on the
company’s efforts to support the Ten Principles of the UNGC. The
COP will be generated in 2022, documenting Fisker’s specific
actions.
Within a few months of going public, Fisker established a
publicly reported Responsible Supplier Policy and recently
published its Labor and Human Rights Policy, among other important
Governance material. The company has formed an ESG Advisory Council
that will regularly engage in important Environmental and Social
challenges and recommend actions consistent with the company’s
values and the Ten Principles of the UNGC.
Renowned actor and United Nations Development Programme (UNDP)
Goodwill Ambassador Nikolaj Coster-Waldau has joined the Fisker
Advisory Council as its first external member. The “Game of
Thrones” actor has been involved with the UNDP since 2016; he will
advise Fisker on matters related to the UNGC and the UN’s global
goals for sustainable development.
“We intend to lead our industry on sustainability and are ready
to fulfill our commitments to the UNGC, advancing our ESG goals as
we expand our company in the coming years,” Henrik Fisker
added.
About Fisker Inc.
California-based Fisker Inc. is revolutionizing the automotive
industry by developing the most emotionally desirable and
eco-friendly electric vehicles on Earth. Passionately driven by a
vision of a clean future for all, the company is on a mission to
become the No. 1 e-mobility service provider with the world's most
sustainable vehicles. To learn more, www.fiskerinc.com – and enjoy exclusive content
across Fisker's social media channels: Facebook, Instagram,
Twitter, YouTube and LinkedIn. Download the revolutionary new
Fisker mobile app from the App Store or Google Play store.
Forward-Looking Statements
This press release includes forward-looking statements, which
are subject to the “safe harbor” provisions of the US Private
Securities Litigation Reform Act of 1995. These statements may be
identified by words such as “feel,” “believes,” expects,”
“estimates,” “projects,” “intends,” “should,” “is to be,” or the
negative of such terms, or other comparable terminology and
include, among other things, the quotation of our Chief Executive
Officer, and statements regarding the Company’s strategy and other
future events that involve risks and uncertainties. Such
forward-looking statements are not guarantees of future performance
and are subject to risks and uncertainties, which could cause
actual results to differ materially from the forward-looking
statements contained herein due to many factors, including, but not
limited to: Fisker’s limited operating history; Fisker’s ability to
enter into additional manufacturing and other contracts with Magna,
or other OEMs or tier-one suppliers in order to execute on its
business plan; the risk that OEM and supply partners do not meet
agreed upon timelines or experience capacity constraints; Fisker
may experience significant delays in the design, manufacture,
regulatory approval, launch and financing of its vehicles; Fisker’s
ability to execute its business model, including market acceptance
of its planned products and services; Fisker’s inability to retain
key personnel and to hire additional personnel; competition in the
electric vehicle market; Fisker’s inability to develop a sales
distribution network; and the ability to protect its intellectual
property rights; and those factors discussed in Fisker’s Annual
Report on Form 10-K, as amended, under the heading “Risk Factors,”
filed with the Securities and Exchange Commission (the “SEC”), as
supplemented by Quarterly Reports on Form 10-Q, and other reports
and documents Fisker files from time to time with the SEC. Any
forward-looking statements speak only as of the date on which they
are made, and Fisker undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after
the date of this press release
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211215005169/en/
Fisker Inc. Tel: +1.310.374.6177
Simon Sproule, SVP, Communications ssproule@fiskerinc.com
Rebecca Lindland, Director, Communications
rlindland@fiskerinc.com
Dan Galves, VP, Investor Relations dgalves@fiskerinc.com
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