The Mercedes-AMG F1 Team has launched its newest Sustainability Report, showcasing progress from January to December 2023. The report highlights how the group managed an increasing calendar and enterprise development whereas adhering to its sustainability commitments. The report additionally outlines future plans to turn into one of the sustainable international skilled sports activities groups.
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Environmental Achievements
Achieved a ten% discount in market-based Race Team Control emissions utilizing Sustainable Aviation Fuel certificates (SAFc) in comparison with 2022.
Reduced enterprise journey emissions by 6,695 tCO2e in 2023 by way of using SAFc.
Saved 339 tCO2e and lowered emissions by 67% utilizing HVO100 biofuel in race and hospitality vans and mills throughout the European season.
Facilitated over 5,650 lift-sharing journeys to and from the Brackley campus.
Maintained 100% renewable electrical energy by buying Renewable Energy Guarantees of Origin (REGOs).
Social Progress
Exceeded the goal of 25% new hires from under-represented teams yearly since 2021.
Engaged in profitable activations with Accelerate 25 companions.
Reduced the gender pay hole to 13.4% median and 23.2% imply.
Established an LGBTQ+ Forum and Working Family Network.
Partnered with psychological well being charity Mind because the Official Team Charity Partner.
Supported over 100 worldwide, nationwide, and native charitable causes.
Provided STEM grants to 5 native Brackley faculties.
Achieved 89% group member engagement with annual Health Assessments.
Governance Enhancements
Implemented a Governance, Ethics, and Compliance Framework.
Published an Integrity Code.
Established a Governance Working Group.
Implemented a whistleblowing coverage and platform.
Enhanced the due diligence platform and processes.
Launched a contract administration platform.
Toto Wolff, Team Principal and CEO Mercedes-AMG F1 Team, commented:
“As a Formula One team, millions constantly evaluate us every time we race. Our sustainability commitment is a year-round effort to optimize operations and pursue sustainable high performance. Our annual report reflects our broader impact, highlighting our collective efforts beyond the track. We aim to inspire others through our innovation and commitment to becoming one of the most sustainable professional sports teams globally.”
Alice Ashpitel, Head of Sustainability Mercedes-AMG F1 Team, added:
“Environmental sustainability is central to our operations, from the factory to the track and from the boardroom to the pit wall. Our goal of achieving Race Team Control Net Zero by 2030 involves significant emissions reduction and transitioning from carbon offsetting to carbon removal. Our 2023 emissions reduction was achieved through investments in Sustainable Aviation Fuel certificates and biofuel projects, among other initiatives.”
Anca Raines, Chief People Officer Mercedes-AMG F1 Team, mentioned:
“Our platform as a sports team is responsible for setting high standards and being authentic role models. Our Accelerate 25 program has fostered increased diversity and representation within our organization. We have consistently exceeded our target of 25% new hires from underrepresented groups since 2021, integrating inclusivity into all aspects of our team.”
Holistic Impact Approach
The report emphasizes that environmental, social, and governance (ESG) efforts are interconnected. Initiatives resembling raise sharing cut back environmental influence and foster social connections. Investments in wellbeing infrastructure contribute to each social and ecological objectives. The group’s dedication to strong governance requirements helps all actions and outcomes, recognizing the distinctive challenges inside Formula One and the sports activities trade.
The Mercedes-AMG F1 Team is dedicated to establishing best-in-class governance practices and sustaining the excessive requirements stakeholders anticipate. The group’s success depends upon the contributions of its individuals and companions, that are proudly showcased all through the report.
