The Mercedes-AMG PETRONAS F1 Team has published its Sustainability Report, providing an overview of the environmental and social impacts for August 2021 – August 2022.
Revealing a ‘continued drive towards sustainable high performance’, the group revealed that it has exceeded its ambition to cut CO2 emissions by 50% by this year.
Toto Wolff, Team Principal and CEO of the Mercedes-AMG PETRONAS F1 Team, said: “Whether deploying our resources to drive technological advances that will help society address the environmental challenges that we face, or committing to increase the diversity of our workforce, and supporting those in need in our local communities, our passion isn’t just in the cars you see on track, it’s across everything we do.”
Additionally, the team also highlighted its aims of a 100% reduction in its Scope One and Two emissions and 50% in Scope Three by 2026, alongside 75% reduction in Scope Three emissions and 25% carbon removal by 2030.
“We are a team of problem solvers; and we’re setting ourselves ambitions on how to become more sustainable across all that we do,” Wolff continued. “We are at the start of this journey but have committed to extremely challenging targets because we are all in on the race towards a sustainable tomorrow.
“I am very proud of our team for the achievements that we have made so far and the industry-leading strategies we have committed to in the years ahead. What happens on the track is inextricably linked to what happens in the world outside, and that drives the entire team to continually go faster and further.”
Furthermore, a review of all new employees showed that 38% of new team members in 2021 joined from under-represented groups, with this year’s figure standing at 32% to the end of June 2022.
Female employees rose from 12% to 15% of the workforce and employees from minority ethnic backgrounds from 3% to 7%.
Additionally, the group highlighted that it has supported its local community of Brackley, Northamptonshire and its Town Council through sponsorship of charitable initiatives, organisation of events for the community and local school outreach.
The group raised almost £75,000 for Alzheimer’s Research UK – its official team charity – which nears its £100,000 target which it set out to achieve by December 2022.