Mercedes-Benz stock holds near 41.47 euros after Hydro climate deal

Published on 11/12/2026 at 11:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mercedes-Benz stock steadied after the automaker set sharper 2039 emissions goals and signed a long-term low-carbon aluminium agreement with Hydro. The deal covers at least 10 percent of primary aluminium demand.

Mercedes-Benz sharpens its climate strategy

The automaker targets a 70 percent reduction across relevant value-chain emissions by 2039 versus 2019.
A binding Hydro contract covers at least 10 percent of primary aluminium demand and adds recycled material from 2027.
The use-phase target is conditional on market conditions, customer demand and infrastructure development.

Mercedes, DE0007100000, Illustration mit AI erstellt.

Mercedes-Benz set sharper emissions milestones and signed a long-term aluminium agreement with Hydro on Tuesday, November 10, as the automaker linked decarbonisation more closely to supply security and competitiveness. The company presented the measures at its Sustainability Dialogue and Sustainability Update in Sindelfingen.

In its official release, Mercedes-Benz said it aims to cut emissions from its own production by 90 percent and use-phase emissions by 80 percent by 2039, both against 2019 levels. The broader target is a 70 percent reduction across relevant value-chain stages. The use-phase goal remains conditional on market conditions, including customer demand and charging infrastructure.

Hydro contract secures lower-carbon aluminium

The binding offtake agreement runs from 2026 beyond 2030 and covers at least 10 percent of Mercedes-Benz's primary aluminium demand. The carbon footprint of the supplied metal is scheduled to fall from about 4.0 kilograms of CO2e per kilogram currently to 3.5 kilograms by 2028 and 3.0 kilograms from 2030.

The contract also includes Hydro CIRCAL recycled aluminium, which contains at least 75 percent post-consumer recycled content and is planned for use from 2027. Mercedes-Benz said the material has a carbon footprint of no more than 2.0 kilograms of CO2e per kilogram. The automaker is also joining the aluminium sector of the First Movers Coalition and plans to source at least 10 percent of its annual primary aluminium demand under the coalition's criteria by 2030.

Jorg Burzer, Mercedes-Benz board member responsible for technology, development and procurement, described aluminium as one of the most important levers in the supply chain. The company said long-term access to lower-carbon and recycled material should improve supply resilience, reduce exposure to raw-material volatility and support greater cost predictability.

Targets bring execution risk into focus

The strategy gives investors more measurable milestones but also leaves execution dependent on the pace of electrification and the availability of lower-emission materials. Mercedes-Benz said it plans to launch 14 fully electric vehicles between 2025 and 2027. It also reported that renewable energy already covers 51 percent of energy consumption at Mercedes-Benz Cars production sites and 39 percent at Mercedes-Benz Vans.

Mercedes-Benz stock traded at 41.47 euros on Lang & Schwarz at 11:41 CET on Thursday, November 12, 0.14 percent above the Xetra close of Wednesday, November 11. The movement keeps the share close to the recent 41-euro area while investors weigh longer-term supply-chain benefits against the cost and demand risks surrounding the electric-vehicle transition.