MASHINIi

DAIMLER TRUCK HLDG ON.

DTG.XETRA | Manufacture of motor vehicles

Daimler Truck Holding AG is one of the world’s largest manufacturers of commercial vehicles. The company develops, produces, and sells a wide range of trucks and buses. Their truck portfolio includes vehicles for distribution transport, construction sites, and long-distance transport, while their bu...Show More

Ethical Profile

Mixed.

Daimler Truck Holding AG faces scrutiny over past environmental practices, including a $1.5 billion settlement in 2020 for alleged emissions cheating, with reports projecting 307,000 deaths from NOₓ emissions by 2040. Increasing involvement in the defense sector, with military contracts allegedly comprising 15-20% of revenue, also draws criticism. Worker rights issues include UAW unfair labor practice charges and alleged pay disparities in ongoing litigation. Conversely, Daimler Truck is investing heavily in electric and hydrogen-powered trucks, targeting 50% electric sales in Europe by 2030. They've also reduced production emissions by 35.3% since 2021 and achieved Zero Waste to Landfill at manufacturing plants.

Value Scores

Better Health for All-40
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business40
-100100
Kind to Animals0
-100100
No War, No Weapons-50
-100100
Planet-Friendly Business-50
-100100
Respect for Cultures & Communities20
-100100
Safe & Smart Tech20
-100100
Zero Waste & Sustainable Products-20
-100100

Better Health for All

-40

Daimler Truck's core products, heavy-duty vehicles, are projected to cause severe negative health externalities, including 307,000 deaths and 217,000 new cases of childhood asthma from NOₓ emissions between 2014 and 2040, with an estimated economic cost of $1.4 trillion.

1
In 2020, Daimler AG (the former parent company) settled for $1.5 billion for using undisclosed software functions in approximately 250,000 diesel vehicles, leading to higher NOₓ emissions and systematic concealment of health risks.
2
While the company is actively developing electric and hydrogen-powered trucks, with production of the eActros 600 beginning in November 2024
3
and a plan for half of European sales to be electric by 2030,
4
these efforts are primarily aimed at mitigating existing harm. Daimler Truck has also implemented an environmental policy focused on pollution prevention
5
and reduced CO₂ emissions by over 18 million pounds annually at its Detroit plant.
6
The company donated one million euros and provided trucks for humanitarian aid in Ukraine, supporting medical and psychosocial assistance.
7

Fair Money & Economic Opportunity

0

Daimler Truck Holding AG offers financial services, including financing, leasing, and fleet management, and is actively expanding these services to support small and medium-sized enterprises (SMEs) and promote equitable financial services.

1
In 2023, its financial services revenue more than doubled, with new business volume in North America reaching €11.3 billion, a 20% increase from the previous year.
2
The company aims to provide fair and transparent financial services to its customers
3
and is developing an ecosystem for electromobility that includes financing and insurance solutions for zero-emission vehicles.
4
However, the provided articles do not contain specific quantitative data or detailed qualitative information required to score any of the KPIs related to underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives (share of loan book), customer data accessibility, fair lending compliance, wealth-building outcomes, profit reinvestment, financial literacy initiatives for customers, debt burden ratio, geographic inclusion for financial services, or product simplicity for financial offerings.

Fair Pay & Worker Respect

0

A lawsuit in 2023 revealed a female department head at Daimler AG experienced pay disparities of up to 39% compared to male colleagues, leading to a court order for Daimler to pay the difference.

1
This indicates a pay equity ratio of approximately 0.61. This court order represents one substantiated labor law violation in the past three years. In contrast, 96% of employees in the European Economic Area (EEA) are covered by collective agreements.
2
Additionally, approximately 7,400 hourly employees in North America are covered by collective bargaining agreements with the UAW, which were ratified by nearly 95% of members
3
and include wage increases over 25%
4
and the introduction of profit-sharing and cost-of-living adjustments.
5

Fair Trade & Ethical Sourcing

0

Daimler Truck has established a comprehensive framework for ethical sourcing and human rights, including a Human Rights Compliance Management System

1
and contractually binding Business Partner Standards for suppliers
2
. The company actively conducts risk assessments
3
, performs due diligence for raw materials such as tin, tantalum, tungsten, gold, mica, and cobalt
4
, and requires global production material suppliers to have certified environmental management systems
5
. Initiatives like the Supplier Diversity Day for Daimler Truck North America (DTNA)
6
and annual Modern Slavery Supplier Questionnaires for Daimler Truck Australia Pacific (DTAuP) are in place
7
. A supply chain mapping initiative began in December 2023
8
, identifying 21,962 potential suppliers across 45,211 sites down to tier 8
9
. However, the provided articles do not contain specific quantitative data, such as the percentage of tier-1 spend covered by fair-trade certifications, average audit frequency for tier-1 suppliers, number of substantiated forced or child labor incidents company-wide, percentage of suppliers with traceable provenance data, median days to close corrective action plans, percentage of suppliers with enforceable ethical-sourcing clauses, or the share of procurement budget directed to diverse suppliers. Therefore, no KPIs could be scored against the rubric's quantitative thresholds.

Honest & Fair Business

40

All members of the Supervisory Board were free from conflicts of interest during the 2024 financial year.

1
Daimler Truck operates a worldwide, confidential, and anonymous 'SpeakUp' system for employees and external parties to report rule violations, with the Audit Committee receiving quarterly reports on suspected breaches and how they are dealt with.
2
The company's consolidated financial statements and annual financial statements are audited by an external auditor, KPMG AG Wirtschaftsprüfungsgesellschaft, and the Group Sustainability Statement is also audited with limited assurance.
3
Daimler Truck maintains a comprehensive Code of Conduct and a global Compliance Management System that prohibits all forms of corruption and bribery, conducting regular training, audits, and integrity checks on business partners based on risk, with specific reference values for gifts (€50) and invitations (€100).
4

Kind to Animals

0

No specific, concrete data points were found in the provided articles for any of the KPIs related to the 'Kind to Animals' ethical value. While articles mention Daimler's historical involvement in animal testing through EUGT (2012-2015)

1
and subsequent actions like suspending an employee,
2
there is no current data on Daimler Truck Holding AG's animal testing volume, policy, or use of alternatives. Similarly, while the company engages in biodiversity initiatives such as planting trees and creating habitats,
3
the evidence does not provide measurable biodiversity impact (e.g., species recovery metrics) or the percentage of revenue allocated to these efforts, as required by the rubric. There is also no information regarding cruelty-free certifications, ethical input substitution, humane certifications for operations, or cage-free sourcing percentages.

No War, No Weapons

-50

Daimler Truck Holding AG derived approximately 3.33% of its €54,077 million 2024 revenue from defense contracts.

1
This includes a $377 million U.S. Army contract for military line-haul tractors,
2
a €47 million contract for Unimog trucks for Lithuania,
3
and a $1.5 billion acquisition contract for logistics trucks for the Canadian Department of National Defence.
4
Additionally, an annual portion of a €216 million contract for military trucks for the Lithuanian Army contributes to this figure.
5
The company is actively integrating dual-use technologies like robotics and AI into its military vehicle platforms to enhance operational capabilities,
6
and its M915A5 military line-haul tractor includes advanced collision warning and roll stability control systems,
7
with no explicit mention of civilian safeguards or prioritization for these applications. Daimler Truck states it respects internationally recognized human rights and bases its actions on the UN Guiding Principles on Business and Human Rights.
8

Planet-Friendly Business

-50

Daimler Truck does not report in accordance with TCFD recommendations and is only at the start of its evaluation process in using climate scenarios.

1
The company has not validated its carbon reduction targets with the SBTi. In 2022, its Scope 1 and 2 emissions totaled 687,000 tCO2e, but Scope 3 emissions are not currently measured or reported.
2
In 2023, the company conducted one environmental assessment.
3
On a positive note, 70% of the company's electricity currently comes from renewable energy sources, and its waste recovery rate was 83.77% in 2023.
4

Respect for Cultures & Communities

20

Daimler Truck demonstrates a focus on protecting cultural sites, specifically the Salar de Atacama watershed in Chile

1
, and has not reported any incidents disrupting cultural or heritage sites. Additionally, there are no reported cultural appropriation incidents.
2

Safe & Smart Tech

20

Daimler Truck has a comprehensive, Group-wide Data Compliance Management System (Data CMS)

1
that includes a Global Data and Information Policy and an EU Data Protection Policy
2
. Its Binding Corporate Rules were approved in January 2023.
3
Compliance is reviewed at least annually
4
, and a Chief Data Privacy Officer, who reports directly to the Chairman of the Board of Management
5
, monitors adherence to data protection laws
6
. The company partnered with C2A Security in November 2023
7
to implement a cybersecurity platform to ensure compliance with UN regulations requiring a Cybersecurity Management System by 2024
8
. No regulatory penalties or violations have been reported. No incidents of unauthorized data use have been documented
9
, and the company has policies prohibiting unauthorized data modification or copying
10
, mandating protection from unauthorized access
11
. The principle of "Privacy by Design" is a fundamental basis for data protection activities
12
, with principles integrated into the specifications and architecture of business models, processes, and IT systems from the conceptualization phase, including pseudonymization
13
. Personal data processing is limited to what is necessary
14
, using anonymized or statistical data where possible
15
, and systems are designed with default settings restricted to essential data processing, including scope and storage period
16
. Daimler Truck defined AI principles in 2019
17
, anchoring them company-wide in its integrity code
18
, which include responsible use, explainability, privacy protection, security, reliability, ethical aspects, equal opportunities, and employee rights
19
, guided by a risk-based AI Governance approach
20
.

Zero Waste & Sustainable Products

-20

Daimler Truck Holding AG achieved a waste recovery rate of 86% at its production sites in 2024.

1
The theoretical recyclability of its products at a group level is 93% of total weight, with battery-electric models reaching up to 97%.
2
The company uses 28.3% recycled content in its products and materials.
3
Daimler Truck has set company-wide waste reduction targets for its production sites, aiming to reduce waste by 40 kt and 12% per vehicle by 2030 compared to 2013/2014, and to achieve a recovery rate of over 95% by 2030.
4
The company has implemented numerous waste reduction initiatives, including remanufacturing batteries and eAxles, piloting battery energy storage systems, partnering for battery recycling, optimizing production processes, and collecting paint overspray.
5
Daimler Truck has introduced 7-R methods and is developing an Ecodesign Guideline to integrate circular design principles, and has a comprehensive circular economy strategy for lithium-ion batteries.
6
,
7
Products are designed for easy repair, and their durability is in line with the industry average.
8
,
9
Daimler Truck requires suppliers of production material to have certified environmental management systems (ISO 14001) and to design processes for end-of-life product return, also requiring data on recycled materials.
10
,
11
The company communicates a clear recycling strategy to its customers.
12
However, hazardous waste management shows challenges, with hazardous waste constituting 23.73% of total waste in 2023, its share increasing by 4.42% in 2023, and only 35.04% of hazardous waste being recovered in 2023.
13

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.