Formula 1 releases first Impact Report tracking sustainability efforts

Formula 1 has announced a significant reduction in its carbon footprint, marking a 13% decrease between 2018 and 2022, as part of its ongoing commitment to halve its emissions by 2030. The initiative, known as F1's Net Zero by 2030 campaign, targets a 50% reduction in absolute carbon emissions compared to its 2018 baseline. The initiative tackles all aspects of F1's environmental impact: energy consumption at facilities, race events, and most significantly, travel and logistics between races. To address the remaining emissions, F1 pledges to implement a credible carbon offset strategy. While the full 2023 data isn't available yet, F1's first Impact Report highlights a 13% reduction in emissions between 2018 and 2022. This progress is commendable considering the additional race on the 2022 calendar. Read also: Formula 1 unveils 75th anniversary 2025 calendar It's worth noting that the 2023 report (which did not include 2022) showed a slightly higher reduction (17%) – likely due to the lower number of races in 2021. F1 acknowledges the ongoing challenge of mitigating their environmental impact with a growing calendar. However, the sport is forging ahead with its sustainability initiatives, including exploring offset strategies for unavoidable emissions. The progress report also details specific actions taken – for instance, transitioning to more efficient cargo planes and utilizing renewable energy sources at F1 offices and race circuits. The fight against climate change demands constant innovation and adaptation. While F1's journey towards net zero is ongoing, this initial progress demonstrates the sport's commitment to a more sustainable future. “Sustainability is one of the most important factors to us not only as a sport, but as a business.” said Stefano Domenicali, President & CEO, Formula 1. “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. 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 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.” Keep up to date with all the F1 news via Facebook and Twitter The post Formula 1 releases first Impact Report tracking sustainability efforts appeared first on F1i.com.