Formula E has become the first sport in the world to join the Science-Based Targets initiative (SBTi) and the Business Ambition Pledge for 1.5°C commitment.
The new commitment corresponds to cutting the all-electric racing championship’s emissions by 45% by 2030, in line with its mission to reduce air pollution and tackle climate change.
Formula E’s targets include reducing its absolute Scope 1 and 2 emissions, i.e. all energy used and purchased at its HQ and events, by 60% and Scope 3 emissions, i.e. all other emissions including freight, business travel, food and beverages etc, by 27.5% by 2030, compared to the 2019 baseline.
In aligning with the SBTi, the championship has become a member of the Race to Zero campaign to rally leadership and support form businesses, cities, regions and investors for a resilient, zero carbon economy.
Jamie Reigle, Formula E CEO said: “The ABB FIA Formula E World Championship exists to accelerate sustainable human progress through the power of electric racing. One year ago, Formula E became the first sport to be certified net zero since inception. Today, we achieve another first in aligning with the Science Based Targets initiative, reinforcing our leading position in world sport.
“We are delighted to see a host of other sporting events and properties accelerate their own sustainability agendas to reach net zero faster. Formula E will continue to set the agenda for sport as a catalyst for change and showcase how we can all take tangible steps to reduce our combined carbon footprint.”