Stellantis N.V. (NYSE: STLA) identified its Mirafiori site in Turin, Italy, as the next "green campus" (stylized as 'grEEn-campus') location to create a carbon-neutral and collaborative workplace by 2025.
Stellantis added that its first Circular Economy Hub would be launched at the Mirafiori site in 2023.
With the development, the company aims to strengthen the roots of Stellantis' automotive design, R&D, and central functions through innovative, sustainable, and collaborative designs.
The dedicated operation will expand Stellantis' current activities and support its "cradle-to-cradle" business model in Europe.
The company's First three grEEn-campus projects are announced are in Poissy, France; Rüsselsheim, Germany; and Mirafiori, Turin, Italy.
The grEEn-campus facilities will offer breakthrough energy and thermal performance through the integration of photovoltaic panels in the architecture, the use of ultra-low-energy ventilation technology, and the reuse of material, among others.
"With each new grEEn-campus, we are rethinking our iconic buildings to better respond to our new hybrid ways of working, as a significant number of our colleagues are taking advantage of flexible remote working, while also contributing to the Company's carbon footprint reduction," said Xavier Chéreau, Stellantis Chief Human Resources & Transformation Officer.
Price Action: STLA shares are trading higher by 1.45% to $17.80 on the last check Monday.