Wednesday 10 February 2021

Mahindra Racing becomes first Formula E team to be net zero since its inception

Motor racing team Mahindra Racing has announced it is the first Formula E team and FIA World Championship entrant to be certified net zero since its inception.

This has been verified by the ALLCOT Group, which specialises in management tools for greenhouse gas (GHG) emissions and strategies for businesses.

Mahindra has neutralised its GHG emissions in line with the UN’s Sustainable Development Goals and 2030 Agenda. The team has pledged to the UNFCCC Sports for Climate Action Framework, which aims to boost collaboration and support between sports organisations to achieve global climate change goals.

It is also the first Formula E team in history to receive a Three-Star Sustainability Accreditation from the governing body of world motor sport, the FIA.

Additionally, Mahindra Racing has announced its support of the Reducing Emissions from Deforestation and forest Degradation (REDD+) project. The project protects 177,899 hectares of rainforest, preventing up to 20 million tonnes of carbon dioxide equivalents in the process. The Mahindra Group has also committed to planting one million trees per year.

Dilbagh Gill, Mahindra Racing CEO, stated: “At Mahindra Racing, we pledge to greater ROCE, which, for us, stands for Return on Climate and Environment. This is ingrained into our ethos and a big part of the reason we are racing in Formula E.

“We have been on this path of reducing our impact on the planet since our birth in 2014 and six years later we are carbon-neutral since inception”.