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Formula 1, officially known as the Formula One Group, is a premier motorsport organisation headquartered in Great Britain. Established in 1950, it has evolved into a global phenomenon, with major operational regions spanning Europe, Asia, and the Americas. The company operates within the fabricated metal products industry, specifically focusing on the design and management of high-performance racing cars and associated technologies.
Renowned for its cutting-edge engineering and innovation, Formula 1 has introduced numerous advancements in automotive technology, making it a leader in the motorsport sector. Key milestones include the introduction of hybrid power units and a commitment to sustainability through initiatives like the F1 Net Zero Carbon by 2030 plan. With a strong market position, Formula 1 continues to captivate millions of fans worldwide, solidifying its status as a cornerstone of competitive racing.
+9 vs industry average
Formula 1’s score of 26 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Metal Fabrication is among the most carbon-intensive industries
The Metal Fabrication industry has reduced its overall emissions by 40% since 2018
Scope 3 accounts for ••• of total emissions.
Formula 1, a GB-based fabricated metal products business, is committed to achieving Net Zero by 2030. In 2025, its Scope 3 business travel emissions were 57,934,000 kg CO2e. This figure is part of a total reported emissions of 148,805,000 kg CO2e for the same year. For 2024, the company reported total emissions of 168,720,000 kg CO2e, with Scope 3 business travel accounting for 59,841,000 kg CO2e. In 2023, total emissions were 182,801,000 kg CO2e, and Scope 3 business travel was 62,912,000 kg CO2e.
Formula 1 has already achieved a 35% reduction in its carbon footprint compared to its 2018 baseline. This progress includes the use of Sustainable Aviation Fuel (SAFc). The Net Zero by 2030 commitment targets a minimum 50% absolute emissions reduction within the 2018 boundary, with any remaining unavoidable emissions to be offset through credible programmes. This emissions data is cascaded from its subsidiary, Formula One World Championship Limited.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
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