The Mercedes-AMG F1 Staff 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 progress whereas adhering to its sustainability commitments. The report additionally outlines future plans to turn into some of the sustainable international skilled sports activities groups.
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Environmental Achievements
Achieved a ten% discount in market-based Race Staff Management emissions utilizing Sustainable Aviation Gasoline certificates (SAFc) in comparison with 2022. Diminished enterprise journey emissions by 6,695 tCO2e in 2023 by the usage of SAFc. Saved 339 tCO2e and diminished emissions by 67% utilizing HVO100 biofuel in race and hospitality vehicles and turbines 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 Vitality Ensures of Origin (REGOs).
Social Progress
Exceeded the goal of 25% new hires from under-represented teams yearly since 2021. Engaged in profitable activations with Speed up 25 companions. Diminished the gender pay hole to 13.4% median and 23.2% imply. Established an LGBTQ+ Discussion board and Working Household Community. Partnered with psychological well being charity Thoughts because the Official Staff Charity Associate. Supported over 100 worldwide, nationwide, and native charitable causes. Offered STEM grants to 5 native Brackley faculties. Achieved 89% group member engagement with annual Well being Assessments.
Governance Enhancements
Applied a Governance, Ethics, and Compliance Framework. Printed an Integrity Code. Established a Governance Working Group. Applied a whistleblowing coverage and platform. Enhanced the due diligence platform and processes. Launched a contract administration platform.
Toto Wolff, Staff Principal and CEO Mercedes-AMG F1 Staff, commented:
“As a Components One group, thousands and thousands continuously consider us each time we race. Our sustainability dedication is a year-round effort to optimize operations and pursue sustainable excessive efficiency. Our annual report displays our broader affect, highlighting our collective efforts past the monitor. We goal to encourage others by our innovation and dedication to changing into some of the sustainable skilled sports activities groups globally.”
Alice Ashpitel, Head of Sustainability Mercedes-AMG F1 Staff, added:
“Environmental sustainability is central to our operations, from the manufacturing facility to the monitor and from the boardroom to the pit wall. Our aim of reaching Race Staff Management Internet Zero by 2030 entails vital emissions discount and transitioning from carbon offsetting to carbon elimination. Our 2023 emissions discount was achieved by investments in Sustainable Aviation Gasoline certificates and biofuel initiatives, amongst different initiatives.”
Anca Raines, Chief Folks Officer Mercedes-AMG F1 Staff, mentioned:
“Our platform as a sports activities group is answerable for setting excessive requirements and being genuine function fashions. Our Speed up 25 program has fostered elevated variety and illustration inside our group. We now have constantly exceeded our goal of 25% new hires from underrepresented teams since 2021, integrating inclusivity into all elements of our group.”
Holistic Impression Method
The report emphasizes that environmental, social, and governance (ESG) efforts are interconnected. Initiatives equivalent to carry sharing cut back environmental affect and foster social connections. Investments in wellbeing infrastructure contribute to each social and ecological objectives. The group’s dedication to sturdy governance requirements helps all actions and outcomes, recognizing the distinctive challenges inside Components One and the sports activities trade.
The Mercedes-AMG F1 Staff is dedicated to establishing best-in-class governance practices and sustaining the excessive requirements stakeholders anticipate. The group’s success will depend on the contributions of its individuals and companions, that are proudly showcased all through the report.
