- Deal aligns with Mercedes' internal sustainability aims to cut emissions by 50%
- Kingspan holds existing partnership with F1 team's parent company Mercedes-Benz
The Mercedes Formula One team have announced a new sustainability-focused partnership with insulation firm Kingspan.
As part of the deal, Kingspan will establish and chair a new sustainability working group in the team. This group will draw knowledge and expertise from a range of fields to work on new emission reduction technologies.
Kingspan has previously worked with Mercedes’ parent company, Mercedes-Benz, on insulating its buildings worldwide.
This partnership aligns with Mercedes' internal sustainability goals, which include reducing carbon emissions by 50 per cent by 2022 and eventually reaching net-zero. The team's Brackley-based factory already uses renewable energy to power all operations.
Mercedes' sustainability targets are also in line with Formula One's aims. The series plans to introduce a new E10 fuel in 2022, a mixture of 90 per cent fossil fuel and ten per cent ethanol, whilst working on a fully-sustainable fuel to be net-zero carbon by 2030.
"We are delighted to welcome Kingspan to our team both as a team partner and to chair our new sustainability working group," said Toto Wolff, Mercedes team principal and chief executive.
"To find a company whose ambitions to deliver carbon reduction and sustainable solutions in their industry that match our own so exactly is a real opportunity for both partners.
"We are making good progress in transforming our company to operate more sustainably but the ability to share expertise, resources and inspiration with Kingspan through our new sustainability working group will really help to accelerate change and awareness within our team, and hopefully our sport."
The 2021 Formula One season continues from 3rd to 5th December with the inaugural Saudi Arabian Grand Prix in Jeddah.