The Mercedes-AMG F1 Crew 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 out to be probably the most sustainable international skilled sports activities groups.
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Environmental Achievements
Achieved a ten% discount in market-based Race Crew Management emissions utilizing Sustainable Aviation Gasoline certificates (SAFc) in comparison with 2022. Diminished enterprise journey emissions by 6,695 tCO2e in 2023 via the usage of SAFc. Saved 339 tCO2e and decreased emissions by 67% utilizing HVO100 biofuel in race and hospitality vehicles 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 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 Crew Charity Associate. Supported over 100 worldwide, nationwide, and native charitable causes. Supplied STEM grants to 5 native Brackley colleges. Achieved 89% group member engagement with annual Well being Assessments.
Governance Enhancements
Carried out a Governance, Ethics, and Compliance Framework. Printed an Integrity Code. Established a Governance Working Group. Carried out a whistleblowing coverage and platform. Enhanced the due diligence platform and processes. Launched a contract administration platform.
Toto Wolff, Crew Principal and CEO Mercedes-AMG F1 Crew, commented:
“As a Method One group, hundreds of 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 intention to encourage others via our innovation and dedication to turning into probably the most sustainable skilled sports activities groups globally.”
Alice Ashpitel, Head of Sustainability Mercedes-AMG F1 Crew, 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 attaining Race Crew Management Internet Zero by 2030 entails vital emissions discount and transitioning from carbon offsetting to carbon removing. Our 2023 emissions discount was achieved via investments in Sustainable Aviation Gasoline certificates and biofuel tasks, amongst different initiatives.”
Anca Raines, Chief Individuals Officer Mercedes-AMG F1 Crew, mentioned:
“Our platform as a sports activities group is chargeable for setting excessive requirements and being genuine function fashions. Our Speed up 25 program has fostered elevated range 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 features of our group.”
Holistic Influence Method
The report emphasizes that environmental, social, and governance (ESG) efforts are interconnected. Initiatives equivalent to carry sharing scale 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 Method One and the sports activities business.
The Mercedes-AMG F1 Crew is dedicated to establishing best-in-class governance practices and sustaining the excessive requirements stakeholders anticipate. The group’s success is determined by the contributions of its folks and companions, that are proudly showcased all through the report.
