The Mercedes-AMG PETRONAS F1 Team has released its latest Sustainability Report, detailing the progress made in 2023 and outlining plans to enhance their sustainability efforts. The report showcases the team's dedication to becoming one of the most sustainable professional sports teams globally.

Environmental Initiatives

The team achieved a 10% reduction in race team control emissions through the use of sustainable aviation fuel certificates (SAFc) compared to 2022. Business travel emissions were reduced by 6,695 tCO2e, and 339 tCO2e were saved through the use of HVO100 biofuel in European race and hospitality operations. The team also maintained 100% renewable electricity usage through the purchase of Renewable Energy Guarantees of Origin (REGOs).

Social Responsibility

Mercedes-AMG PETRONAS F1 Team surpassed its target of having 25% of new hires from under-represented groups, a goal maintained since 2021. The team also reduced its gender pay gap to a median of 13.4% and a mean of 23.2%. Key social initiatives included establishing an LGBTQ+ Forum and a Working Family Network, supporting over 100 charitable causes, and providing STEM grants to local schools.

Governance and Ethical Practices

The team implemented a robust Governance, Ethics, and Compliance Framework, including a published Integrity Code and a whistleblowing policy. A Governance Working Group was established, alongside enhanced due diligence and contract management platforms.

Leadership Insights

Team Principal and CEO Toto Wolff emphasized the importance of optimizing operations for sustainable high performance. "Our commitment goes beyond reporting results; it's about our people and their collective impact on the world," he stated. Wolff highlighted the team's responsibility to inspire others and harness high-performance teamwork, technology, and innovation for sustainability.

Comprehensive Approach

The team's holistic sustainability approach is structured around the United Nations Sustainable Development Goals, integrating environmental, social, and governance (ESG) activities. This strategy ensures that the team tackles its impacts while creating value for partners, suppliers, fans, and the wider industry.

Environmental Focus

Head of Sustainability Alice Ashpitel highlighted that environmental sustainability is central to the team's operations. "We are progressing towards our Net Zero target for 2030 through a combination of emissions reduction and transitioning to carbon removal," she explained. The team invested in sustainable initiatives such as sustainable aviation fuel, biofuel, low-carbon building design, energy conservation, and waste reduction.

Social Impact

Chief People Officer Anca Raines discussed the team's social responsibility. "As a sports team with a huge fan base, we have a responsibility to set standards and be authentic role models," she noted. The Accelerate 25 program has driven diversity and inclusion, resulting in a steady increase in female and minority ethnic team members.

Holistic Impact

The report demonstrates how environmental, social, and governance areas are interconnected to drive performance. For example, environmentally driven practices like lift sharing also have social benefits by fostering team relationships. Social initiatives, such as investing in the Wellbeing Centre, contribute to the team's Net Zero targets through sustainable design.

Governance Commitment

Mercedes-AMG PETRONAS F1 Team recognizes the unique governance challenges in Formula One and commits to maintaining best-in-class practices. The team's focus on robust governance standards is crucial for performance, reputation, and long-term success.

The full Sustainability Report is available for download here.