Formula 1
Formula 1, officially known as the Formula One Group, is a premier motorsport organisation headquartered in the United Kingdom. Established in 1950, it has evolved into a global phenomenon, with major operational regions spanning Europe, Asia, and the Americas. The company is at the forefront of the motorsport industry, primarily focusing on the organisation and promotion of the FIA Formula One World Championship. Renowned for its cutting-edge technology and high-speed racing, Formula 1 offers a unique blend of entertainment and engineering excellence. The championship features iconic teams and drivers, showcasing the pinnacle of automotive innovation. With a rich history marked by significant milestones, including the introduction of hybrid power units in 2014, Formula 1 continues to maintain a dominant market position, captivating millions of fans worldwide and setting benchmarks in motorsport.
DitchCarbon Score
How does Formula 1's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Metal Fabrication industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Formula 1's score of 13 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Formula 1's reported carbon emissions
As of the latest available data, Formula 1 has not disclosed specific carbon emissions figures for the most recent year. However, the organisation is actively engaged in various climate commitments aimed at reducing its environmental impact. While no absolute emissions numbers or reduction targets are currently available, Formula 1 has expressed a commitment to achieving net-zero carbon emissions by 2030. This ambitious goal encompasses all three scopes of emissions, including direct emissions (Scope 1), indirect emissions from energy consumption (Scope 2), and value chain emissions (Scope 3). The motorsport industry is increasingly recognising the importance of sustainability, and Formula 1 is positioning itself as a leader in this transition. The organisation is exploring innovative technologies and sustainable practices to minimise its carbon footprint, although specific initiatives and achievements have not been detailed in the provided information. As the industry evolves, Formula 1's climate commitments will play a crucial role in shaping its future and addressing the challenges of climate change.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Formula 1 is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
