Formula One Group Sustainability Profile
Formula One Group, headquartered in the United States, is a leading entity in the global motorsport industry, primarily focused on the management and promotion of Formula One racing. Founded in 1950, the organisation has evolved significantly, achieving key milestones such as the introduction of the F1 Sprint and the expansion into new markets. The Group oversees various business areas, including media rights, sponsorship, and event promotion, making it a pivotal player in the sports entertainment sector. Its core offerings, such as the Formula One World Championship, are distinguished by their high-octane competition and cutting-edge technology. With a strong market position, Formula One Group continues to innovate, enhancing fan engagement and expanding its global reach, solidifying its status as a premier motorsport brand.
DitchCarbon Score
How does Formula One Group'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 Motor Vehicle Manufacturing 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 One Group's score of 12 is lower than 79% 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 One Group's reported carbon emissions
In 2024, the Formula One Group reported total carbon emissions of approximately 168,720,000 kg CO2e. This figure reflects the organisation's ongoing commitment to sustainability, although specific breakdowns into Scope 1, 2, or 3 emissions were not disclosed for this year. In 2022, the Group's emissions were recorded at about 223,031,000 kg CO2e, with this total attributed solely to Scope 1 emissions. The Group's emissions data from 2019 indicated logistics-related emissions of approximately 78,459,000 kg CO2e, while in 2018, total emissions were about 256,551,000 kg CO2e. These figures illustrate a fluctuating trend in emissions over the years, highlighting the challenges faced in achieving consistent reductions. Despite the absence of specific reduction targets or initiatives, the Formula One Group is part of a broader industry movement towards sustainability. The organisation is a current subsidiary of a larger corporate family, with emissions data cascaded from the parent company, Formula One Group. This relationship underscores the importance of collective efforts in addressing climate change within the motorsport industry. As the Formula One Group continues to navigate its environmental impact, it remains focused on enhancing its sustainability practices, aiming for net-zero carbon emissions in the future.
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| 2022 | |
|---|---|
| Scope 1 | 223,031,000 |
| Scope 2 | - |
| Scope 3 | - |
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Formula One Group'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 One Group has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
