Formula 1 on track to be Net Zero by 2030 with 26% reduction in carbon footprint

MIA Member Formula One has shared the following news article.

Formula 1 on track to be Net Zero by 2030 with 26% reduction in carbon footprint

Formula 1 is firmly on track to achieve becoming Net Zero by 2030, having delivered a 26% reduction in its carbon emissions by the end of 2024 – over halfway towards achieving its minimum 50% emissions reduction target. 

Formula 1 is firmly on track to achieve its target of becoming Net Zero by 2030, having delivered a 26% reduction in its carbon emissions by the end of 2024 compared to its 2018 baseline.

Progress has been driven by cross-sport collaboration with Formula 1 teams, partners, promoters, and the FIA, and comes during a period of remarkable growth for the sport, with the race calendar expanding from 21 events in 2018 to 24 in each of the past two seasons.

Over the same period, race attendance has surged from 4 million to 6.5 million, and Formula 1’s global fanbase has grown to over 826 million. Data in the latest sustainability update shows that if no changes had been made to operations during this time, there would have been an estimated 10% increase in the sport’s carbon footprint versus 2018.1

The update confirms that the sport is over halfway towards achieving its minimum 50% emissions reduction target, as set out in its Net Zero by 2030 commitment. Any remaining unavoidable emissions will be offset using credible programmes in line with latest best practice guidance.

At the end of the 2024 season, the carbon footprint for the sport stands at 168,720 tCO2e (tonnes of carbon dioxide equivalent) – down from 228,793 tCO2e in 2018.

The report incorporates a re-baselining of the sport’s 2018 carbon footprint, reflecting supplier data improvements and in alignment with industry best practices and internationally recognised standards.

As a result, the reported 2018 footprint has been revised to 228,793 tCO2e, down from 256,551 tCO2e. This ensures that the reported emissions reductions reflect genuine progress compared to the baseline year, rather than improvements resulting solely from changes in accounting methods.

Stefano Domenicali, President and CEO of Formula 1, said: “We are strongly committed to achieving Net Zero by 2030. It is a concrete goal, already visible in the significant reduction of our sport's carbon footprint. While continuing to grow globally, we have shown that sustainable development is possible and that the strategies we have adopted are yielding tangible results.

“Formula 1 has always been synonymous with innovation and the desire to improve. Once again, this mentality has allowed us to make important progress, not only for those who work in this world, but also for society as a whole.

“We will continue to pursue our projects and next year we will introduce new actions, such as the use of advanced sustainable fuels in all Formula 1 cars, a step that also opens up significant opportunities for road cars and other means of transport.

“We are proud of what we have achieved so far and remain determined to continue on this path. Thank you to the FIA, the teams, partners and promoters for their fundamental contribution along this journey.”

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