For us, sustainability means permanently creating value for all stakeholder groups: for customers, employees, and investors as well as for our business partners and society as a whole. Therefore, we have “sustainable business strategies” — for each one of our business divisions.
To be specific, we have defined nine sustainability topics: six areas of action and three so-called enablers. You could also call these basic principles or factors for success.
The brief summary of the Daimler Sustainability Report 2019 shows which targets we have set ourselves and how we plan to achieve them. Other relevant documents such as the complete Sustainability Report 2019 or the GRI index are provided on this page.
ESG disclosure at Daimler
In April 2015, the G20 Finance Ministers and Central Bank Governors asked the Financial Stability Board (FSB) to review how the financial sector can take account of climate-related issues. The FSB established the Task Force on Climate-related Financial Disclosures (TCFD) to develop voluntary, consistent climate-related financial disclosures that would be useful to investors, lenders, and insurance underwriters in understanding material risks.
The TCFD’s members were chosen by the FSB to include both users and preparers of disclosures from across the G20’s constituency covering a broad range of economic sectors and financial markets. As one of six industrial ﬁrms, Daimler contributed to the development of the recommendations that were published in June 2017.
The Sustainability Accounting Standards Board (SASB) is an independent nonprofit organization that sets standards to guide the disclosure of financially material sustainability information by companies to their investors.
SASB Standards identify the subset of environmental, social, and governance (ESG) issues most relevant to financial performance in 77 industries. Global investors recognize SASB Standards as a core component of a company’s ESG disclosures.
CDP (formerly Carbon Disclosure Project) is a not-for-profit charity that runs a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. CDP has created a system that has resulted in unparalleled engagement on environmental issues worldwide.
Since 2018, CDP aligned its Climate Change Questionnaires with the TCFD’s recommendations and adopted the forward-looking approach to climate-risk disclosure.
Daimler discloses details on climate-related activities for more than 15 years through CDP. In 2020, Daimler again achieved the Leadership category with an A-.
The letters ESG stand for Environment, Social and Corporate Governance. These non-financial criteria are used when assessing investments or business practices. ESG information is used by players in the financial markets, such as pension funds or asset managers, as a complement to their fundamental economic analysis work.
Green Finance at Daimler
More and more investors are making their investment decisions on the basis of criteria such as environmental protection, social conduct and fair corporate governance. They want to invest in companies with a sustainable business strategy. With our Green Finance Framework, we have created the conditions for sustainable finance instruments such as green bonds and green loans.