Mercedes-Benz Group
Automobiles & Auto Parts
Company Summary
Daimler AG or Mercedes Benz Group develops and manufactures buses, passenger automobiles, commercial vehicles, trucks, passenger cars, diesel engines, aircraft engines, turbine engines electric cars, premium vehicles vans, and fully electric vehicles in Germany and globally through its subsidiaries. Mercedes-Benz Cars & Vans, Daimler Trucks and Buses, and Daimler Mobility are the company's three segments. Daimler AG, located in Stuttgart, Germany, was formed in 1886. They are the world's largest automaker that manufactures cars and trucks under the brands (Daimler AG subsidiaries) namely - Mercedes Benz, Maybach, Fuso, Smart, Setra, Mercedes Benz Bank, Thomas Built, Western Star, FREIGHTLINER, Bharat Benz etc. They own several brands that produce electric cars, including Mercedes-Benz and Smart. Mercedes-Benz Financial Services is a division of Mercedes-Benz that offers a range of financial services for Mercedes-Benz cars and vans. When it comes to Mercedes Benz Group AG ESG ratings, they have a low ESG risk, medium exposure to material ESG issues, and a strong score in managing those ESG issues. The company faces specific material ESG issues related to carbon - products and services, human capital, business ethics, and product governance. They have had controversies regarding quality and safety and environmental impact of products. Their sustainability targets include a decarbonisation target by 2039, and their net zero emissions goals are in line with the Paris Agreement. Clean Water and Sanitation, Affordable and Clean Energy, Decent Work and Economic Growth, Climate Action, and Reduced Inequalities are the sustainable development goals that the company is aligned with so far.
ESG Rating Overview
Sustainalytics
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LSEG
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MSCI
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Mercedes-Benz is Average among 67 companies in the automobiles industry.