Mercedes-Benz stock sharpens climate path with Hydro deal
Published on 11/11/2026 at 18:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSClimate plan adds supply-chain detail
- Mercedes-Benz set 2039 emissions goals covering production, vehicle use and its wider value chain.
- A binding Hydro agreement secures lower-carbon primary aluminium through beyond 2030.
- The automaker also advanced a hydrogen-based steel pilot toward possible industrial scale-up.
Mercedes-Benz outlined a more detailed sustainability roadmap on November 10, pairing emissions targets with supply-chain measures that could affect materials sourcing and production resilience. The company presented the plan at its Sustainability Dialogue in Sindelfingen and published the details in its Mercedes-Benz sustainability update.
Mercedes-Benz stock traded at 41.47 euros on Lang & Schwarz at 18:18 CET on Wednesday, November 11, 0.14 percent above the Xetra close of 41.41 euros from Wednesday, November 11.
Targets gain measurable milestones
The automaker now targets a 90 percent reduction in production emissions and an 80 percent reduction in vehicle use-phase emissions by 2039 compared with 2019, with the latter conditional on market conditions. Across relevant value-chain stages, the target is a 70 percent reduction by 2039. Mercedes-Benz says it intends to reach net zero by 2049 at the latest.
From 2027, the sustainable business strategy will focus on decarbonisation, circularity, safety and people. The company also aims to raise the share of secondary raw materials to 40 percent within the next decade, linking environmental targets more directly to operations and resource efficiency.
Hydro deal secures lower-carbon aluminium
Mercedes-Benz signed a binding long-term off-take agreement with Hydro covering primary aluminium from 2026 to beyond 2030. The contract covers at least 10 percent of the companys primary aluminium demand and requires the materials carbon footprint to fall to 3.5 kilograms of CO2e per kilogram by 2028 and 3.0 kilograms from 2030.
The agreement also includes Hydro CIRCAL, which contains at least 75 percent post-consumer recycled content and is planned for use from 2027. In steel, a pilot using hydrogen-based direct reduced iron produced a demonstrator component for the EQS; Mercedes-Benz and HyIron signed a memorandum to advance technical validation.
Mercedes-Benz Group
- Company: Mercedes-Benz Group AG
- ISIN: DE0007100000
- Ticker: MBG.DE
- Home exchange: Xetra
- Lang & Schwarz quote: 41.47 euros at 18:18 CET on November 11, 2026
- Change versus Xetra close: 0.14 percent above 41.41 euros on November 11, 2026
The broader German market remains relevant for investors through the DAX.
