Mercedes-Benz Aim for 50% CO2 Reduction by End of Decade

At its first ESG Conference for investors and analysts, the inventor of the automobile announced measures aimed at cutting CO2 emissions, creating lasting value for all stakeholders.

April 12, 2022. By News Bureau

At its first ESG Conference for investors and analysts, the inventor of the automobile announced measures aimed at cutting CO2 emissions, creating lasting value for all stakeholders.

As stated at the COP26 UN Climate Change Conference in November 2021, Mercedes-Benz is committed to a faster transition to electric cars.

“The desire for individual mobility keeps growing. Our mission is to meet this need in a sustainable way. Mercedes-Benz has a clear roadmap how to become carbon-neutral. By 2030, we want to reach the half-way mark. In order to make faster progress in protecting the climate we need maximum dedication and more collaboration among governments, companies and society as a whole,” says Ola Källenius, Chairman of the Board of Management of Mercedes-Benz Group AG.

The company intends on cutting its CO2 emissions by 50%., per passenger car over the lifecycle by the end of this decade. Electrification of the brand's cars has been making skyrocketing progress for quite a while. The company is aiming for 50% market share in plug-in hybrid and BEVs by 2025.

With the current EU electricity mix, supply chain and production account for more than half of the lifecycle CO2 emissions. This proportion can be reduced significantly through the use of renewable energy.

By transitioning to CO2-neutral cell production, it is possible to cut emissions for the production of the entire battery pack by 20 percent.

The company's focus is not on sustainability alone, as it believes integrity and diversity also help form the foundation of the sustainable business strategy of Mercedes-Benz.

Women account for 37.5% of the Board of Management of the group. Mercedes-Benz wants even more women in its senior management positions, and is eyeing for a 30% share by 2030.

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Sustainable Transport

Automobile

Stakeholders

Mercedes-Benz

COP26 UN Climate Change Conference

Electric Cars

Carbon emission

CO2