Mercedes-Benz Grand Prix Ltd 2024 SR
The report details the Mercedes-AMG PETRONAS Formula One Team's sustainability progress and achievements in 2024 across its key environmental, social, and governance pillars. Notably, the team achieved a 35% reduction in market-based Race Team Control emissions compared to a 2022 baseline, largely driven by investments in Sustainable Aviation Fuel certificates (SAFc) and the use of HVO100 biofuel for 98% of its European logistics. On the social front, female representation in the team increased to 18.1%, and over £83,000 was raised for its official charity partner, Mind. Additionally, the team conducted its first Double Materiality Assessment in line with European Sustainability Reporting Standards (ESRS) and became the first motorsport team to sign The Climate Pledge, committing to net-zero emissions by 2040.
Company: Mercedes-Benz Grand Prix Ltd
Sector: Arts, sports & recreation
Country: United Kingdom
Year: 2024
Type: SR
Pages: 57
Back to company
Mercedes-Benz Grand Prix Ltd
Sustainability Report
The report details the Mercedes-AMG PETRONAS Formula One Team's sustainability progress and achievements in 2024 across its key environmental, social, and governance pillars. Notably, the team achieved a 35% reduction in market-based Race Team Control emissions compared to a 2022 baseline, largely driven by investments in Sustainable Aviation Fuel certificates (SAFc) and the use of HVO100 biofuel for 98% of its European logistics. On the social front, female representation in the team increased to 18.1%, and over £83,000 was raised for its official charity partner, Mind. Additionally, the team conducted its first Double Materiality Assessment in line with European Sustainability Reporting Standards (ESRS) and became the first motorsport team to sign The Climate Pledge, committing to net-zero emissions by 2040.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2024
Reporting Period
2024
Fiscal Year
2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Total Waste
Women in Management
Net Zero Target