Net Zero Carbon
The main objective set and announced by Formula 1 five years ago in the field of sustainability was to implement interventions aimed at eliminate carbon emissions by 2030. A purpose which, according to the first report of the Environmental, Social and Governance (ESG)could actually happen within the targeted year after the publication of encouraging evidence.
The first signs
While waiting to understand the 2023 data, which is still being processed, ESG has in fact highlighted how Formula 1 has managed to concretely reduce carbon dioxide emissions from 2018 to 2022, doing so with initiatives such as the use of synthetic fuels or the use of renewable energy. In the space of four years, in fact, we have gone from the emission of 256,000 tonnes of carbon dioxide to 223,031 tonnes in 2022, with a overall drop of 13%.
The biggest effects
Almost half of the emissions recorded in 2022 (49%) are attributable to logistics, in particular for the return to the calendar of events such as Australia and Japan after the cancellation of the GPs due to the Covid-19 pandemic. To reduce as much as possible the movements of the teams from one nation to another located in two opposite areas of the world, F1 has also introduced the 'regionalisation' of the GPs for this world championship and for the following ones.
“Sustainability is one of the most important factors for us, not only as a sport, but also as a company – he has declared Stefano Domenicali, President and CEO of F1 – It's no longer enough to simply deliver great battles and wheel-to-wheel racing on the track, but we need to ensure we do this in a sustainable way so that our sport can thrive long into the future. F1 has been innovating and influencing society at large for over 70 years, and we have seen how the great minds and technology of the sport have had a positive impact in many different areas. 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 who watch and engage with F1 to take action and leave their own positive legacy. We have made significant progress over the past four years, we remain very focused on our goals, and I am excited to see the impact we can have.”
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