Mercedes-Benz, the eight-time Formula One world champions, has stepped into the spotlight by issuing their annual sustainability report, as the quest of sustainability gains pace throughout industries. This detailed 66-page document is broken into three sections that give light on the Environmental, Social, and Governance components of their sustainability approach. Let us go further into the significant improvements highlighted in Mercedes’ sustainability report using the power of data.
Mercedes-Benz’s dedication to environmental stewardship is seen in their impressive accomplishments in lowering their carbon footprint. The table below highlights their accomplishments in the Environmental category:
| Environmental Initiatives | Progress |
| Air Travel Emissions Reduction | 21% decrease since 2022 |
| Waste Management | 98% waste diverted from landfill |
| Greenhouse Gas Emissions Reduction | 13% decrease |
| Biofuel Freight Trial | 88% emissions reduction |
Mercedes’ use of sustainable practices, such as adopting book and claim and investing in Sustainable Aviation Fuel, is shown in significant savings in emissions and waste.
Through their Accelerate 25 initiative, Mercedes is aggressively building a diverse and inclusive workplace. The figures below show their progress in building an inclusive team:
| Social Initiatives | Milestones |
| Under-represented Group Recruitment | 37% new team members |
| Female Team Members | 16.6% increase from 2019 |
| Minority Backgrounds Team Members | 8.9% as of June 2023 |
| Mulberry STEM Academy Graduates | 107 students graduated |
Mercedes is generating good change within their staff and the larger society by aggressively supporting diversity and investing in educational programs such as the Mulberry STEM Academy.
Hiran Odedra, Mercedes’ Head of Equality, Diversity, and Inclusion, stated that the Accelerate 25 program is taking “positive steps in embedding EDI in all that we do at our team,” and that they hope it will continue to grow in order to provide opportunities to young people from under-represented groups.
Mercedes-Benz recently established policies and tools demonstrate their dedication to solid governance and ethics. Mercedes wants to ensure openness, responsibility, and moral conduct inside their business through these steps.
Toto Wolff, team principal and CEO of Mercedes, said: “We will continue to invest in initiatives that will help us become more sustainable and, as a team, we know it’s vital that we approach this challenge in the same way as we approach everything: as a race to the finish line.”
“Our aim is to always raise our standards and set the benchmarks within our sport and outside it. I am incredibly proud of our team and the work being implemented to meet our ambitions and to better understand our impact on the world.”
“There is still so much more that we want to achieve, and we’re committed to delivering innovative initiatives to meet our goals in 2023 and beyond. The race is on.”
To learn more about the Mercedes sustainability report, click here.
For more blogs visit Envoybuzz.