KINGSPAN WITHDRAWS MERCEDES SPONSORSHIP DEAL

10 December 2021 No Comments by The Northern Standard

Michael Fisher

Cavan-based building products giant Kingspan has withdrawn its week-old “sustainability and sponsorship” deal with the Formula One Mercedes Petronas racing team whose lead driver is Lewis Hamilton. It follows a controversy over links to the inquiry into the Grenfell Tower fire in London in which people 72 people died and to potential corporate greenwashing.

The deal involved the Kingspan logo appearing on the Mercedes cars starting from last weekend at the Saudi Arabian Grand Prix. In a statement the company whose group headquarters is in Kingscourt said: “We are deeply aware of the sensitivities raised in recent days, and so we have jointly agreed that it’s not appropriate to move forward at the current point in time.” “Much has been written about this over the past few days, and out of consideration for our customers and all the great people who work for us, we believe we must respond,” the company said.

The controversy arose because some Kingspan K15 products were used at Grenfell tower but Kingspan point out the company was not involved in the exterior refurbishment. However it was involved in the subsequent official inquiry into the causes of the fire in June 2017. “We had no role in the Grenfell Tower refurbishment. However, our Kingspan Insulation UK business is a core participant in the Grenfell Tower Inquiry and fully supports the Inquiry’s important work,” Kingspan said. “We did not make the exterior cladding on Grenfell Tower. The Inquiry itself has stated that ‘the principal reason’ for rapid fire spread on…

Comments are closed.