Formula E Operations Limited Sustainability Profile
Formula E Operations Limited, headquartered in Great Britain, is a pioneering force in the electric motorsport industry. Founded in 2011, the company has been instrumental in establishing the FIA Formula E Championship, which showcases fully electric racing cars in urban environments across major global cities. With a focus on sustainability and innovation, Formula E Operations Limited offers a unique platform for manufacturers and teams to develop electric vehicle technology while promoting clean energy solutions. The championship has gained significant traction, positioning itself as a leader in the motorsport sector, with notable achievements including partnerships with major automotive brands and a growing fanbase. As the world shifts towards greener alternatives, Formula E Operations Limited continues to drive the future of motorsport, blending high-performance racing with environmental responsibility.
DitchCarbon Score
How does Formula E Operations Limited'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 Other Services 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 E Operations Limited's score of 85 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Formula E Operations Limited, headquartered in Great Britain, currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The company is a current subsidiary of Liberty Global Ltd., which may influence its climate commitments and reporting practices. While there are no documented reduction targets or specific climate pledges from Formula E Operations Limited, it is important to note that the company inherits its sustainability initiatives from its parent organization, Liberty Global Ltd. This includes participation in various climate initiatives such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP), both of which are cascaded from Liberty Global Ltd. at a corporate family level. As a part of the broader industry context, Formula E Operations Limited is positioned within a sector that increasingly prioritises sustainability and carbon neutrality. The absence of specific emissions data and reduction targets highlights an opportunity for the company to enhance its climate commitments and transparency in reporting.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 58,333,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 342,486,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 14,749,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
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Formula E Operations Limited's Scope 3 Categories Breakdown
Formula E Operations Limited's Scope 3 emissions, which decreased by 12% last year and increased significantly since 2012, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 60% of Scope 3 emissions.
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Formula E Operations Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Formula E Operations Limited has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
