Mercedes-AMG Petronas F1 Team has announced a new round of investment in an innovative carbon removal initiative, with the first project driven by Frontier, aiming to establish itself as one of the world’s most sustainable sports teams.
The move is part of both companies’ commitments to sustainability, which includes a 75% emissions reduction target by 2030 and a goal in line with the Science Based Targets initiative (SBTi) to achieve net zero across their supply chains by 2040.
In a statement on its website, Mercedes said that while reducing emissions remains its main focus, it recognises that in some sectors there are still residual emissions that require high-quality, sustainable carbon removal.
Following the Oxford Offset Principles, world-class race teams aim to invest in high-quality projects that have long life and a low risk of carbon emissions.
The initial investment in Mercedes’ permanent technology-based carbon removal solution is an upfront purchase facilitated by Frontier, helping promising startups scale by providing guaranteed demand and development.
Related: Frontier buys bioenergy with CCS credits from Stockholm Exergy for $48.6 million
Through the agreement, which includes technologies such as direct air capture (DAC), weatherization and biomass sequestration, the companies aim to accelerate carbon removal technologies that store carbon permanently, have no competition for arable land and have a path to affordability.
These carbon removal credits are expected to contribute to permanent removals by 2027.
Additionally, Mercedes is committed to a three-year soil carbon removal project in Leicestershire, UK, generating credits to offset some of its remaining emissions.
By purchasing natural carbon removal credits from Respira International, we are improving soil health, increasing productivity and fostering biodiversity.
This agreement represents a new carbon accounting approach that maintains the highest levels of credibility and credibility.
“Innovation is at the heart of everything we do, on and off the track. These new projects reflect our commitment to pioneering solutions that not only reduce our environmental impact but also drive wider change,” Mercedes F1 team sustainability head Alice Ashpitel said in a statement.
read more: Respira purchases up to 50,000 carbon credits from Capture6
