F1 present first impact report: 'Exciting races are not enough

F1 News

F1 presents first impact report
16 April at 12:37

Formula 1 have presented an impact report for the first time. The report includes sustainability figures from recent years. It shows that important steps have been made, but also that there is still a long way to go to reach the ultimate goals.

Formula 1 present sustainability figures

Formula 1 are working hard to become climate-neutral. Quite a challenge, especially considering the maximum number of 24 Grands Prix on the calendar has now been reached. Yet since 2018, great strides have been made towards that goal, the sport announces through its first-ever impact report.

The report states that F1 has managed to reduce their carbon footprint by 13 per cent between 2018 and 2022. That means a 37 per cent reduction in CO2 emissions over the next six years. It should be noted that the 2023 figures are not yet known.

"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," said F1 CEO Stefano Domenicali.

"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."

"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 act 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," he added.

F1's Net Zero campaign aims to reduce carbon emissions 50 per cent by 2030 compared to 2018. This target includes the energy consumption of all facilities, race weekends and all travel movements and logistics, as well as the promise to offset for the emissions that remain.