Formula 1 (F1) has revealed it is on track to be net zero by 2030 in the organisation’s first Impact Report.
The Impact Report has outlined significant progress in F1’s Environmental, Social and Governance (ESG) activities. Latest calculations reveal a 13% reduction in the sport’s carbon footprint compared to 2018, when the goal to reduce its carbon footprint by 50% was launched.
Stefano Domenicali, President & CEO of F1, commented: “Sustainability is one of the most important factors to us not only as a sport, but as a business.
“It is no longer enough for us to simply deliver great action and wheel-to-wheel racing on the track, we need to ensure that we are doing so in a sustainable way so our sport can thrive long into the future.”
Furthermore, the report sets out the sport’s next steps to further reduce its carbon footprint and achieve the remaining 37% reduction. One way F1 has been working towards this goal is by switching to renewable energy and making logistical shifts towards remote operations and sea freight.
Examples of this in action include the trial of a 55% sustainable fuel by all F2 and F3 cars in collaboration with Aramco, the introduction of a new fleet of DHL trucks powered by biofuel, leading to reduced logistics emissions and over 75% of event promoters using renewable energy sources to power various aspects of their events in 2023.
Domenicali added: “F1 has been innovating and influencing wider society for over 70 years, and we’ve seen how the great minds and technology of the sport have had a positive impact in many different spaces, and now we have turned that expertise and insight to sustainability.”
In its dedication to water conservation, the organisation introduced a pioneering water conservation programme during the Las Vegas Grand Prix. This initiative aimed to use technology that can reduce and eventually offset outdoor water usage during major sporting events.
Moving away from energy and water, the report also highlighted F1’s diversity and inclusion efforts. These include the launch of F1 Academy to help discover and develop young female talent and the F1 Academy Discover Your Drive, a global initiative to increase the pipeline of talent entering motorsport.
Domenicali concluded: “We are a global sport with over 700 million fans around the world, which gives us a great platform to create change and influence those watching and engaging with F1 to take action and leave their own positive legacy.
“Over the past four years we have made significant progress and we remain very focused on our goals, and I’m excited to see the impact we can have.”
It has been a successful start to the year so far for F1, as it signed a ten-year agreement with beIN Sports to be exclusively broadcasted across Türkiye and the Middle East, North Africa (MENA) region in February. The multi-year deal will run until 2033 and cover 25 markets.
