Can Formula 1 ever go green? CNBC’s “Inside Track: The Business of Formula One” takes you inside F1’s race toward sustainability, the sport’s biggest challenge yet.
Formula 1 is a global sport in which, among others: huge carbon footprint.
“When you think about F1, you think about speed, you think about innovation, you think about performance,” Ellen Jones, head of ESG at F1, told Inside Track.
“These are exactly the ingredients we need to provide when it comes to sustainability,” she added.
The racing cars themselves represent a small fraction of the sport’s total greenhouse gas emissions, at just 0.7%. The majority of F1’s carbon footprint – almost half – comes from the logistics of transporting the event to the track, with an additional 28% coming from transporting the people involved.
In 2019, F1 set its own sustainable development strategysetting an ambitious target to achieve net zero emissions by 2030.
“The key to our net zero commitment by 2030 is that it’s not just about F1. It is also about the commitment of our teams and key suppliers,” said Jones.
Watch the video above for an in-depth look at F1’s race towards sustainability, including interviews with F1’s head of ESG Ellen Jones, McLaren Racing’s chief sustainability officer Kim Wilson, Oracle Red Bull Racing’s head of sustainability Adam Sammons, head of sustainability sustainability at Silverstone Circuit Stephane Bazira and more.
