Sustainable corporate governance

A core principle of the Mercedes-Benz Group is that we aim to create value that is sustainable and to do so in a manner that is economical, environmentally friendly and socially beneficial. We’re translating this into our sustainable business strategy. This strategy firmly incorporates sustainability issues into our daily business, as this is the only way to ensure we can continue to be successful as a company in future. At the same time, the strategy enables us to meet legal requirements and the demands and expectations of our stakeholders — i.e. customers, employees, investors, business partners, non-governmental organisations and society as a whole.

We can, and we intend to, once again channel the history of mobility in a positive direction, actively shape the sustainable transformation process and be a part of the solution. It’s time to shape the “good new days” of sustainable and self-determined mobility — through innovations.

One of our most important transformation targets is CO2 neutrality — and we have firmly embedded it in our sustainable business strategy. At Mercedes-Benz AG it is reflected in our “Ambition 2039” and our electric-only approach. By the end of this decade, we want to offer all-electric vehicles wherever market conditions allow. In both cases, the sustainability-driven transformation of our business is so far-reaching that it can be called a fundamental change. Thus we are creating a new Group for this new age — one that is sustainable along our entire value chain, climate-neutral, highly profitable and fascinating.

The Mercedes-Benz Group at a glance

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Mercedes-Benz Group AG is the parent company of the Mercedes-Benz Group and has its headquarters in Stuttgart. At the Extraordinary General Meeting on 1 October 2021, the shareholders voted in favour of changing the Company’s name from Daimler AG to Mercedes-Benz Group AG. This name change was entered in the commercial register on 1 February 2022. For this reason, in addition to the name Mercedes-Benz Group AG, the name Daimler AG is also used here, depending on the respective facts and time.

 

2021

Employees (Status December 31, 2021)

172,425

Production sites

30

Unit sales in million

2.75

Financial key figures (in EUR millions)

 

Revenue

168

Research and development expenditure Mercedes-Benz Cars & Vans

7.7

Personnel expenses

22,888

Total dividend

5.00

Our brands (Graphic)

As part of the Company’s realignment (Project Focus) and with the approval of the Supervisory Board, the Board of Management decided on 30 July 2021 to spin off and hive down a large part of the previous Daimler Trucks & Buses segment, including the associated financial services business (Daimler commercial vehicle business). The legal basis of the reorganisation is the spinoff and hive-down agreement between Daimler AG and Daimler Truck Holding AG concluded on 6 August 2021.

The shareholders approved the spin-off and hive-down agreement at the Extraordinary General Meeting of Daimler AG on 1 October 2021. The General Meeting of Daimler Truck Holding AG gave its approval on 5 November 2021. The spin-off and hive-down were entered in the commercial register on 9 December 2021 with economic retroactive effect as of 1 January 2021 (spin-off effective date). With the spin-off and hive-down taking effect, as well as other measures provided for in the demerger agreement, Mercedes-Benz Group AG directly and indirectly holds a minority interest totalling 35 per cent of the share capital of Daimler Truck Holding AG as of the balance sheet date, and therefore no longer exercises a controlling influence on the basis of the agreements concluded in connection with the transaction. The control and profit-and-loss transfer agreement existing between Daimler AG and Daimler Truck AG was transferred to Daimler Truck Holding AG in the context of the spin-off with effect from 1 January 2021.

Mercedes-Benz Group AG is closely linked with Mercedes-Benz AG and functions as an operating business entity that defines the Group’s strategy. It also makes strategic decisions for business operations and, as the Group’s parent company, ensures the effectiveness of organisational, legal and compliance-related functions throughout the Group.

Six areas of action for sustainability

Sustainability issues are an integral part of the business strategy of the Mercedes-Benz Group. We know that we can only remain successful over the long term if we conduct our business operations responsibly. By doing so, we generate added value for all of our stakeholders — for our customers, employees, investors, business partners and society as a whole.

We have set ambitious goals for ourselves and defined six strategic areas of action for reaching these goals. Our areas of action are: climate protection & air quality, resource conservation, sustainable urban mobility, traffic safety, data responsibility and human rights. Our three enablers for making progress in these areas are: integrity, people and partnerships. We therefore consistently rely on ethical behaviour, a motivated and knowledgeable workforce and cooperation with partners in industry, government and society at large on the basis of mutual trust and the pursuit of common goals.

Area of Action: Climate protection & air quality (Icon)

Climate protection &
air quality

Climate protection & air quality
Area of Action: Resource conservation (Icon)

Resource conservation

Resource conservation
Area of Action: Sustainable urban mobility (Icon)

Sustainable
urban mobility

Sustainable urban mobility
Area of Action: Traffic safety (Icon)

Traffic safety

Traffic safety
Area of Action: Data responsibility (Icon)

Data responsibility

Data responsibility
Area of Action: Human rights (Icon)

Human rights

Human rights
Enabler: Integrity (Icon)

Integrity

Integrity
Enabler: People (Icon)

People

People
Enabler: Partnerships (Icon)

Partnerships

Partnerships

Sustainable Development Goals

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In 2015, the United Nations defined a blueprint for worldwide sustainable development. It includes 17 sustainable development goals (SDGs). In order to reach these goals, the business community, with its strong capacity for innovation and investment, is playing a crucial role. The Mercedes-Benz Group willingly accepts this role.

In order to assess our corporate performance with regard to the 17 SDGs, we conducted an SDG impact analysis together with experts from TruCost. We used the materiality analysis from 2020 as a framework here for our analyses of the positive and potentially negative effects that our company is having on the individual goals. We also identified the sustainability goals that represent the greatest opportunities and the biggest risks for our company.

We are using our findings to further expand the contribution that our business activities in these areas are making to the achievement of the UN’s sustainability goals. To this end, we are concentrating on the areas where we can create the most value added. An example of this is our new electric-only approach.

That’s why our work is focussing on the following SDGs:

SDG 8 (Icon)

SDG 8 — Decent Work and Economic Growth: We support the implementation of humane working conditions by developing and implementing a risk-based management approach to respecting and upholding human rights in our own units and in our supply chain. In addition, by manufacturing our products, providing our services and procuring materials in large amounts, we are creating attractive workplaces all over the world.

SDG 9 (Icon)

SDG 9 — Industry, Innovation and Infrastructure: We are shaping the sustainable mobility of the future through digitalisation and electrification. Through the benefits we expect from this process, for example in the areas of safety and climate protection, we are demonstrating the potential of digital innovations for our society.

SDG 11 (Icon)

SDG 11 —Sustainable Cities and Communities: The Mercedes-Benz Group is promoting sustainable mobility in metropolitan areas through its offers such as electrified shuttles, carsharing, and the multimodal linking of mobility services.

SDG 12 (Icon)

SDG 12 — Responsible Consumption and Production: We are working to increase the efficiency of our vehicles and significantly reduce our use of raw materials. One of our tasks is to reinforce the closed material loops for the primary raw materials that are needed for our electric vehicles. In this way we are laying the groundwork for sustainable production patterns.

SDG 13 (Icon)

SDG 13 — Climate Action: Through our sustainable business strategy and the associated measures and goals for reducing the emissions of our vehicles, plants and supply chains, we are making a concrete contribution to global climate protection.

Provider/Privacy

Mercedes-Benz AG Mercedesstraße 120
70372 Stuttgart
Germany
Phone: +49 7 11 17-0
E-Mail:
dialog@mercedes-benz.com

Represented by the Board of Management: Ola Källenius (Chairman), Jörg Burzer, Renata Jungo Brüngger, Sabine Kohleisen, Markus Schäfer, Britta Seeger, Hubertus Troska, Harald Wilhelm

Chairman of the Supervisory Board: Bernd Pischetsrieder

Court of Registry: Stuttgart; commercial register no. 762873
VAT ID: DE 32 12 81 763

Ride-hailing

Ride-hailing refers to a form of mobility in which a person uses an app to request a vehicle and driver for a transport service. Unlike the case with ridesharing, the vehicle is not generally shared with other passengers.

All glossary terms