Formula One Group
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 29 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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As of the latest available data, Formula One Group does not report specific carbon emissions figures, indicating a lack of recent emissions data. The organisation is a current subsidiary of Liberty Media Corporation, which may influence its climate strategy and reporting practices. While there are no documented reduction targets or climate pledges from Formula One Group, it is important to note that the broader industry context is increasingly focused on sustainability and carbon neutrality. Formula One has been exploring various initiatives to enhance its environmental performance, although specific commitments or targets have not been disclosed. The absence of emissions data and reduction initiatives suggests that Formula One Group may still be in the early stages of formalising its climate commitments. As the motorsport industry evolves, it is likely that Formula One will align with global sustainability trends and set measurable targets in the future.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 2,469,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 718,000 | 000,000 | 0,000,000 |
| Scope 3 | - | - | - |
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 One Group is not participating in any of the initiatives that 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.
