Mercedes-Benz AG
Mercedesstraße 120
70372 Stuttgart
Germany
Phone: +49 7 11 17-0
E-Mail: dialog@mercedes-benz.com
Please send queries about content on this website to any contact. You can address your concerns to us in English and your respective national language.
Represented by the Board of Management:
Ola Källenius, Chairman; Jörg Burzer, Mathias Geisen, Olaf Schick, Michael Schiebe, Britta Seeger, Oliver Thöne, Harald Wilhelm
Chairman of the Supervisory Board: Martin Brudermüller
Court of Registry: Stuttgart; commercial register no. 762873
VAT ID: DE 32 12 81 763
All information about our products can be found on your country-specific Mercedes-Benz product page.
,xPosition=0,yPosition=0.5)
Using green dept instruments
Mercedes-Benz Group uses green financing instruments such as Green Bonds and allocates the net proceeds generated from these instruments to the development and production of battery-electric vehicles (BEVs), as well as to customer financing and leasing for these vehicles. Investors can contribute to financing these activities through these instruments.
The Green Finance Framework (2023) describes the principles used by Mercedes-Benz to issue green dept instruments including Green Bonds, Green Commercial Paper, Green Loans and to initiate the issuance of Green Asset Backed Securities (Green ABS). It sets out the framework for the issuance of these financing instruments and the allocation of the resulting net proceeds, taking into account current recognized market standards and statutory reporting requirements, including those related to the EU Taxonomy.
This Framework has been developed in 2023 on the basis of the Ambition 2039 targets at the time, to align with the 2021 ICMA Green Bond Principles (GBP), the 2021 APLMA, LMA and LSTA Green Loan Principles (GLP) and with the substantial contribution to climate change mitigation part of the technical screening criteria of the EU Taxonomy. The Swedish bank SEB and the French bank Société Générale acted as a consultant for the structuring of the framework.
With CICERO Shades of Green, now a part of S&P Global the Mercedes-Benz Group has commissioned a leading independent expert for the research-based assessment of Green Finance Frameworks with the review of its regulations. The Mercedes-Benz Group Green Finance Framework received the highest rating from CICERO with "Dark Green".
The Mercedes-Benz Group will allocate the net proceeds from the green financing instruments to the Green Bond Principles category “Clean Transportation” to finance capital expenditures for the acquisition, construction, development, installation, manufacturing, renovation, retrofitting and upgrade of eligible assets, related research and development as well as customer financing and leasing of eligible assets.
To enable investors to follow the progress and to provide insight to prioritised areas, the Group will provide a Green Finance Investor Report on an annual basis until full allocation of the proceeds, and thereafter in case of any material change to the allocation. Among other things, the report provides information on how the sustainability-related aspects of the business strategy are implemented, how the net proceeds from green financing instruments are allocated to eligible projects, and how these projects contribute to the company’s transformation.
Mercedes-Benz Group will use the net proceeds from the green financing instruments for the development, production and customer financing/leasing of Battery Electric Vehicles (BEV). The use of proceeds and the environmental impact, when feasible and subject to data availability, the Group will publish a Green Finance Investor Report on an annual basis until full allocation of the proceeds, and thereafter in case of any material change to the allocation.
With our Green Finance Investor Report in line with our Green Finance Framework commitments and transparency journey, we want to give you an insight into how we are using the funds from these green bonds, that we issued in May 2023.
In addition to an in-depth presentation of our Green Investment Strategy, this report includes a detailed description of the financed projects (allocation report), as well as additional key figures and information on their respective effects on CO₂ emissions (impact report)
,xPosition=0.5,yPosition=0)
,xPosition=1.0,yPosition=0)