The Mercedes-AMG F1 Crew has launched its newest Sustainability Report, showcasing progress from January to December 2023. The report highlights how the crew 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 world 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.
Lowered enterprise journey emissions by 6,695 tCO2e in 2023 via using SAFc.
Saved 339 tCO2e and decreased emissions by 67% utilizing HVO100 biofuel in race and hospitality vans 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.
Lowered 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 Companion.
Supported over 100 worldwide, nationwide, and native charitable causes.
Offered STEM grants to 5 native Brackley colleges.
Achieved 89% crew 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 crew, hundreds of thousands consistently 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 impression, highlighting our collective efforts past the observe. We purpose to encourage others via our innovation and dedication to changing into one of the 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 observe and from the boardroom to the pit wall. Our aim of attaining Race Crew Management Web Zero by 2030 includes important emissions discount and transitioning from carbon offsetting to carbon elimination. Our 2023 emissions discount was achieved via investments in Sustainable Aviation Gasoline certificates and biofuel tasks, amongst different initiatives.”
Anca Raines, Chief Folks Officer Mercedes-AMG F1 Crew, mentioned:
“Our platform as a sports activities crew is accountable for setting excessive requirements and being genuine position fashions. Our Speed up 25 program has fostered elevated variety and illustration inside our group. We’ve got constantly exceeded our goal of 25% new hires from underrepresented teams since 2021, integrating inclusivity into all elements of our crew.”
Holistic Affect Strategy
The report emphasizes that environmental, social, and governance (ESG) efforts are interconnected. Initiatives equivalent to elevate sharing scale back environmental impression and foster social connections. Investments in wellbeing infrastructure contribute to each social and ecological targets. The crew’s dedication to strong 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 count on. The crew’s success will depend on the contributions of its individuals and companions, that are proudly showcased all through the report.
