Hamilton is also working with Mercedes on a joint initiative called Ignite, which focuses on increasing diversity in motor sport, by improving education and offering financial support.
With several million pounds-worth of funding from Hamilton and Mercedes, the charitable foundation will develop “exciting and stimulating” curriculum materials for science, technology, engineering and maths (STEM) subjects, and promote greater diversity among teachers.
It will also offer funding to students who would not otherwise have the means to pursue careers in STEM subjects and motor racing.
“Mercedes have long supported my ambition to improve diversity and inclusion within the motorsport industry,” said Hamilton.
“I am so thrilled that, through Ignite, we are able to formally work together to achieve this. Diverse workforces are not only more successful but are also the morally correct approach for any industry.
“The findings of The Hamilton Commission have provided us a fantastic base to begin our work, and I am confident that Ignite will result in real, tangible change within motorsport.
“For 15 years, I have remained one of the few Black employees within Formula 1, and I am proud that my work with Mercedes is going to change that for the better.”
Earlier this month, Hamilton said that he was spurred to take action over diversity after seeing a sea of white faces in a series of photographs taken at the Mercedes factories, as the team celebrated its 2019 F1 titles.
Mercedes team principal Toto Wolff said that he hoped the project would increase the number employees from under-represented groups at the team.
“Opening up motorsport and becoming a more diverse and inclusive team are fundamental to our team’s values and, with the full support of Mercedes-Benz, we are committed to making a positive impact on society and building a platform from which future generations can access and enjoy our fantastic sport,” he said.
“Ignite will complement our team’s own Accelerate 25 programme, and through these platforms we hope to see much more talent from under-represented groups both join our team and take up careers in the wider motorsport industry.”