Mercedes-AMG Petronas Formula One Team Announces Kingspan As Official Team Partner
Gene Murtagh, CEO of Kingspan Group (left) and Toto Wolff, Team Principal and CEO of the Mercedes-AMG PETRONAS Formula One Team (right) jointly announced the new partnership
Dublin, Ireland - The Mercedes-AMG Petronas Formula One Team has announced that high-performance insulation and building envelope solutions group Kingspan has joined the team in a global sustainability partnership.
Breaking new ground for Formula One, Kingspan will chair a Sustainability Working Group for Mercedes-AMG Petronas F1. The working group’s remit will be to draw together expertise from diverse fields to contribute to the team’s objective of
pioneering new approaches and technologies for emissions reduction in motorsport.
Headquartered in Ireland, Kingspan is a global leader in high performance insulation and building envelopes. Having started its first sustainability program (Net Zero Energy) in 2011, the company is now in the second year of its Planet Passionate sustainability
program which is underpinned by ambitious Science-Based Targets aligned with the IPCC’s 1.5-degree scenario. The company’s targets include net zero carbon manufacturing by 2030 and a 50 per cent reduction in the CO2 intensity in its primary
supply chain partners by 2030.
The Mercedes-AMG Petronas F1 team has set a target of reducing CO2 emissions in its operations by 50 percent by 2022, compared with a baseline set in 2018, and is working on ambitious targets to become net zero. The team’s high-tech chassis factory
in Brackley, UK already uses renewable energy to power all its operations, while its Brixworth technology center in Northamptonshire produces more than half of its electricity using solar panels and an on-site CCHP plant.
Kingspan’s products, systems and technologies address critical challenges in the built environment, including improving energy efficiency, reducing embodied carbon, driving circularity and conserving water. Kingspan products have been used
to help create high performance buildings around the world for the team’s parent company Mercedes-Benz.
Toto Wolff, Team Principal and CEO of the Mercedes-AMG PETRONAS Formula One Team, said: “We are delighted to welcome Kingspan to our team both as a Team Partner and to chair our new Sustainability Working Group. To find a company whose ambitions
to deliver carbon reduction and sustainable solutions in their industry which match our own so exactly is a real opportunity for both partners. We are making good progress in transforming our company to operate more sustainably but the ability to
share expertise, resources and inspiration with Kingspan through our new Sustainability Working Group will really help to accelerate change and awareness within our team, and hopefully our sport.
Gene Murtagh, CEO of Kingspan Group, added: “Two of the great challenges of our age are de-carbonizing transport and de-carbonizing the built environment. Kingspan and the Mercedes AMG Petronas Formula One Team share a determination to rise to these
challenges through technology, innovation and teamwork. I am excited about bringing that message to an audience of 500 million Formula One fans.”
To see the partnership promotional video on YouTube, click here.
Kingspan is a company that specializes in building and insulation solutions. It operates through five divisions: Insulated Panels, Insulation Boards, Data and Flooring, Water and Energy, and Light and Air.
About Kingspan Insulated Panels - North America
Kingspan Insulated Panels – North America is a business unit of Kingspan, a global company operating in more than 70 countries, with over 160 manufacturing facilities. Kingspan Insulated Panels – North America manufactures and markets three groups of products at its U.S., Canada and Mexico facilities: insulated metal wall and roof panel systems for commercial/industrial construction; insulated architectural panel and façade systems for design-driven projects; and controlled environment panels for cold-storage and climate-controlled warehousing. In addition to its commitment to quality and innovation, the company is on the leading edge of the sustainability movement with its global Planet Passionate Commitment to improve circularity, reduce waste, conserve water and reduce carbon emissions. To learn more visit www.kingspanpanels.us.