The Mercedes-AMG F1 Team has released its latest Sustainability Report, showcasing progress from January to December 2023. The report highlights how the team managed an expanding calendar and business growth while adhering to its sustainability commitments. The report also outlines future plans to become one of the most sustainable global professional sports teams.
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Environmental Achievements
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Achieved a 10% reduction in market-based Race Team Control emissions using Sustainable Aviation Fuel certificates (SAFc) compared to 2022.
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Reduced business travel emissions by 6,695 tCO2e in 2023 through the use of SAFc.
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Saved 339 tCO2e and reduced emissions by 67% using HVO100 biofuel in race and hospitality trucks and generators across the European season.
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Facilitated over 5,650 lift-sharing journeys to and from the Brackley campus.
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Maintained 100% renewable electricity by purchasing Renewable Energy Guarantees of Origin (REGOs).
Social Progress
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Exceeded the target of 25% new hires from under-represented groups every year since 2021.
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Engaged in successful activations with Accelerate 25 partners.
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Reduced the gender pay gap to 13.4% median and 23.2% mean.
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Established an LGBTQ+ Forum and Working Family Network.
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Partnered with mental health charity Mind as the Official Team Charity Partner.
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Supported over 100 international, national, and local charitable causes.
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Provided STEM grants to five local Brackley schools.
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Achieved 89% team member engagement with annual Health Assessments.
Governance Enhancements
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Implemented a Governance, Ethics, and Compliance Framework.
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Published an Integrity Code.
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Established a Governance Working Group.
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Implemented a whistleblowing policy and platform.
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Enhanced the due diligence platform and processes.
[icon type=”circle” size=”small” class=”icon-border” name=”check”] Launched a contract management 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, said:
“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 such as lift sharing reduce environmental impact and foster social connections. Investments in wellbeing infrastructure contribute to both social and ecological goals. The team’s dedication to robust governance standards supports all activities and outcomes, recognizing the unique challenges within Formula One and the sports industry.
The Mercedes-AMG F1 Team is committed to establishing best-in-class governance practices and maintaining the high standards stakeholders expect. The team’s success depends on the contributions of its people and partners, which are proudly showcased throughout the report.
