
Formula One is a global sport with a hefty carbon footprint.
“When you think about F1, you think about speed, you think about innovation, you think about efficiency,” Ellen Jones, F1’s Head of ESG, told CNBC’s “Inside Track.”
“These are exactly the ingredients we need to deliver in terms of sustainability,” she added.
The race cars themselves make up a tiny fraction of the sport’s total emissions, at just 0.7%. The bulk of F1’s carbon footprint – nearly half of it – comes from the logistics of getting the show on the road, with an additional 28% coming from transporting the people involved.
In 2019, F1 established its sustainability strategy, setting an ambitious target to become net zero by 2030.
“The key about our net zero by 2030 commitment is it’s not just F1. It’s also bringing in our teams and our key suppliers,” Jones said.
Watch the video above for an in-depth look at F1’s race to sustainability, featuring interviews with F1 Head of ESG Ellen Jones, McLaren Racing Sustainability Director Kim Wilson, Oracle Red Bull Racing Head of Sustainability Adam Sammons, Silverstone Circuit Head of Business Sustainability Stephane Bazire and more.
Watch the rest of CNBC’s “Inside Track: The Business of Formula 1” here: https://youtube.com/playlist?list=PLaqf4I4NEUbmEe6P-MIGAaraPVqOZSPOM&si=egKSUKuxfzGV_8XI
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Even if they don't reach net zero by 2030 – which is really ambitious by the way, as long as the sport is trending in the right direction – a win is a win. Aim for the stars and land on the moon type vibes. 🎉
Say what you will, I do NOT envy the first woman team principal to join the grid, and I pray for the poor woman who will be the first driver in the series. Hard to find a bigger boys club than f1…
yea, but F1 drivers travel mostly in their private jet plane.
💥
What a marvelous piece of greenwashing. If you happen to be at a track, it will take 10 seconds that the least concern is the environment.
Gaslighting. Nobody is reaching net zero by their deadlines. "Cash is king"
The term "net zero" is absolute nonsense because of the word "net".
What this means is that you can burn as much as you like and generate as much CO2 and other green house gases as you like, as long as you can use some form of crazy accountancy to offset the CO2 that you have generated. When in reality the offset to the CO2 will never actually offset the amount of CO2 you generate.
It's all just a big accountancy con trick.
What you need to do is skip the word "net" and get your emissions to zero, and not "net zero".
who cares
I don’t think about non of that when I think of f1! I think of senna! Schumacher! Prost! Luada! The real times of this organization!
F1 the panicle of motorsports ❤❤😊😊