Mercedes-Benz stock weighs carbon targets and Hydro supply deal

Mercedes-Benz Group presented a more detailed sustainability strategy on Tuesday, November 10, 2026, linking its climate roadmap to production, vehicle development and supply-chain resilience. The company outlined the measures at its Sustainability Dialogue and Sustainability Update in Sindelfingen.

Mercedes-Benz stock traded at 41.49 euros on Lang & Schwarz at 17:50:57 CET on Tuesday, November 10, 2026, 0.29% above the Xetra close of 41.37 euros from Tuesday's session. The fresh quote was also 1.19% below the 41.99-euro level in the previous report at 12:17 CET.

Targets become more operational

According to the Mercedes-Benz Group, the company aims to cut production emissions by 90% and vehicle-use emissions by 80% by 2039 against a 2019 baseline, with the latter target subject to market conditions. Across the relevant value chain, the target is a 70% reduction. Mercedes-Benz plans to reach net zero by 2049 at the latest, with at least 90% of emissions reduced and the remainder permanently neutralized.

From 2027, the strategy will focus on decarbonization, circularity, safety and people. The group said binding targets, concrete measures and dedicated resources will connect those areas with business steering. For investors, the key issue is whether efficiency gains and lower-carbon materials can strengthen resilience without increasing vehicle costs.

Hydro deal supports lower-carbon materials

Mercedes-Benz is joining the Aluminium Sector of the First Movers Coalition and plans to source at least 10% of its annual primary aluminium demand under coalition criteria by 2030. A binding long-term offtake agreement with Hydro covers primary aluminium from 2026 to beyond 2030, with the material's footprint targeted at 3.5 kilograms of CO2 equivalent per kilogram by 2028 and 3.0 kilograms from 2030.

The agreement also covers Hydro CIRCAL, which Mercedes-Benz plans to use from 2027 with at least 75% post-consumer recycled content. A separate pilot with Anglo American's Kumba Iron Ore business and HyIron used hydrogen-based direct reduced iron for an EQS demonstrator component. The partners signed a memorandum of understanding to assess further technical validation and potential industrial scale-up.

Mercedes-Benz said cumulative energy savings across its global production network reached 570 gigawatt-hours over the past two years. Renewable energy covers 51% of energy consumption at Mercedes-Benz Cars production sites and 39% at Mercedes-Benz Vans sites, while externally sourced electricity worldwide is described as fully renewable.

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