Mercedes’ Formula 1 team have joined forces with nature-based carbon developer Chestnut Carbon to support high-quality carbon removal projects across the Southeastern United States.
Aiming to deliver “impactful climate projects that scale the rejuvenation of damaged land”, the first initiative will involve restoring 200 hectares of degraded agricultural acreage into vibrant biodiverse forests through the planting of more than 260,000 native trees.
Chestnut Carbon’s projects focus on land previously used for monocrops and methane-heavy cattle production, with the developer so far planting over 10 million trees with a diverse mix of native pine and 18 different hardwood species – efforts that will capture and remove over one million tonnes of carbon by 2040.
As well as restoring degraded crop and pasture lands to healthy forests, the projects will improve the air, water and biodiversity of the region and bring economic benefits to rural communities by sourcing seedlings locally, hiring resident experts and employing local people.
While emissions reduction remain Mercedes F1’s “primary focus”, the team note that “some areas within our carbon footprint may have residual emissions which will require removals of the highest quality, in line with the Oxford Offsetting Principles”.
Formula 1: Net zero carbon by 2030
As such, by investing in Chestnut Carbon today, they are securing nature-based carbon removal credits to compensate for future residual emissions and encouraging the growth of this key sector.
Their forward purchase of credits, set to be delivered between 2027 and 2030, equates to 5,500 tonnes of CO2, marking further progress when it comes to overall emissions reduction with a target of ‘Race Team Control Net Zero by 2030’.
“We are determined to lead by example in the pursuit of sustainability,” said Mercedes F1 Team Principal and CEO Toto Wolff. “We’re excited about the growth of our sport in the United States and committed to supporting projects there as we work towards our goals.
“This collaboration is an important step in our strategy to address residual emissions in our carbon footprint. It underscores our commitment to become one of the most sustainable global sports teams.”
Alice Ashpitel, Head of Sustainability at Mercedes F1, commented: “Working with Chestnut Carbon is another step in our mission to drive sustainability and environmental responsibility within the motorsport industry.
Last year, Mercedes successfully powered their European season on HVO100 biofuel, achieving 98% coverage in race and marketing trucks and generators
“Our collaboration allows us to support projects that not only sequester carbon but also enhance biodiversity, improve air and water quality, and provide economic benefits to local communities.
“These efforts are integral to our goal of fostering ecological protection and our commitment to protect and enhance local habitats. This latest investment forms a key part of our broader portfolio of nature and tech-based carbon removal initiatives.”
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Ben Dell, CEO of Chestnut Carbon, added: “We are excited to be working with the Mercedes-AMG PETRONAS F1 Team to advance their carbon removal efforts using high-quality nature-based solutions.
“Our commitment to the long-term success and sustainability of these projects is unwavering, which is why we prioritise the permanence of our initiatives. This commitment is reflected in our ownership of the land and our 100-year project design.
“Additionally, we have developed a comprehensive Community Engagement plan to ensure transparent communication and positive relationships with local stakeholders, reinforcing our dedication to both environmental stewardship and community support.”
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