Mercedes-Benz fully commits to sustainable business strategy far beyond it’s products
London, 21 March 2024, (Oilandgaspress): – At its third annual ESG Conference, Mercedes-Benz demonstrates commitment to achieving ambitious and measurable goals. Driven by tomorrow and a clear focus on the entire value chain, Mercedes‑Benz firmly embeds sustainability considerations in the daily business. One aspect is the continued global expansion of the electric passenger car portfolio, targeting an up to 50 percent share of xEVs in the new vehicle fleet in the second half of the decade. And by the end of the decade, the aim is to reduce production CO₂ emissions by 80 percent[1]. Furthermore, the ambition is to run all fully owned Mercedes-Benz production sites worldwide on 100 percent renewable energies by 2039. By pairing strategic focus with tactical flexibility in this regard, the company remains on course towards a sustainable future on an ecological and economic level. Also, relevant initiatives with respect to social and governance aspects throughout the whole company contribute to a holistic sustainability approach. This includes various measures with which Mercedes-Benz contributes to a “Just Transition”, for example our sustainable people plan and several measures, strengthening human rights in the company and along the value chain. By establishing a coordination role for sustainability in the Board of Management in 2023, Mercedes-Benz has strengthened its governance approach to orchestrate its company-wide sustainability management even more systematically and consistently.
Commitment to Just Transition: Mercedes-Benz places people at the centre of the transformation
Decarbonisation is one of the most important transformation goals at Mercedes-Benz. At the centre of this transformation, however, are the people who actively shape this transition or are affected by it. Therefore, Mercedes-Benz drives a Just Transition as an integral part of its sustainable business strategy with a focus on people, human rights, as well as its policy engagement.
Human rights assessment of critical raw materials is moving forward and ahead of schedule
The effects of the transformation must also be taken into consideration along the value chain. Therefore, Mercedes-Benz is dedicated to actively tackling human rights risks along its supply chains. The company is ahead of schedule in its assessment of 24 critical raw materials. By the end of 2023, it had achieved 57 percent of the overall assessment process. The Raw Material Report published in November 2023 advances transparency, with 15 raw materials now reported (vs. six in 2022). Community and indigenous rights have been prioritized across materials. For that reason, the company focuses and engages directly with people on the ground. Mercedes-Benz is also joining forces with other stakeholders to tackle systemic risks that cannot be solved by a single company alone, for example by supporting a cross-company grievance mechanism starting in Mexico this year.
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