MERGING TRAFFIC – MERCEDES LINKS SUSTAINABILITY REPORTING TO ITS FINANCIAL RESULTS

Daimler Truck has, at the end of its  first year as an independent listed company after being split from its parent company, announced that it has merged both financial and sustainability reporting.

Chairman of the board of management of Daimler Truck, Martin Daum, said the company want to make zero-emission transportation happen and to lead the transformation of the industry.

“Sustainability is of high priority in our product development, in the way we do business, and in all our actions and this is underlined by our first integrated Annual Report, in which we report on our key financial figures and on our sustainability activities in equal measure,” Daum said.

Daimler Truck says it has set a framework for its responsible actions focusing on ESG (Environment, Social and Governance) and that the company is in active exchange with leading ESG rating agencies and uses these performance ratings to further develop its sustainable business strategy.

Daimler Truck said that in 2022 it achieved good results for its sustainability activities and performance at all participated ratings. The rating agencies Sustainalytics and ISS ESG awarded Daimler Truck for its ESG performance according to the company’s statement.

Daimler Truck already reached important milestones in its sustainability activities and initiatives in 2022 and says it has set itself ambitions for further measures:

Daimler says it has expanded its range of emission-free vehicles worldwide and already offers eight battery-electric trucks and buses in series production. Daimler Truck is further expanding its portfolio of battery-electric and hydrogen-powered vehicles.

As an  example, Mercedes-Benz plans to launch the series-production version of the eActros LongHaul truck with a range of 500 kilometres in 2024 while its hydrogen-powered Mercedes-Benz GenH2 Truck with fuel cell is continuing to be developed for series production and the joint venture between Daimler Truck and Volvo Group, Cellcentric, is expected to start production of fuel cells in Weilheim in Germany.

Daimler says another key factor for  in the context of its sustainable business strategy is traffic safety. In 2022 various new safety and assistance systems were introduced in additional markets and models.

The company has the target of having at least 75 per cent of vehicles delivered in its core markets in 2025 and at least 80 per cent by 2030 to be equipped with safety systems exceeding the respective legal requirements in terms of performance and scope of application.

Daimler Truck is committed to be a modern and attractive employer. To support employees in the digital and technological transformation, the learning platform “LinkedIn Learning” was rolled out worldwide in 2022 for all employees. The employees can choose from more than 17,000 e-learning courses and thus further develop their qualification across different topics regardless of place and time.

Daimler Truck also said it puts a strong focus on the advancement of women and has set itself the target of increasing the proportion of women in management positions worldwide to 25 per cent by 2030.

The complete report can be downloaded here as a navigable pdf-file as well as on the website of Daimler Truck.