Formula E becomes first sport to join Science Based Targets initiative

Date: 
Tuesday, September 21, 2021

By: Sport Industry Group

Formula E has become the first sport to join the Science Based Targets initiative (SBTi) and the Business Ambition Pledge for 1.5°C campaign - backed by the UN.

The SBTi is a partnership between the United Nations Global Compact, World Resources Institute (WRI), climate charity CDP, and the WWF, and is the lead partner of the Business Ambition for 1.5°C campaign - an urgent call to action from a global coalition of UN agencies, business, and industry leaders, mobilizing companies to set net-zero science-based targets in line with a 1.5°C future.

Announced during Climate Week NYC, the new commitment corresponds to cutting the championship’s emissions by 45% by 2030. Formula E says this is in line with its mission to reduce air pollution and fight against climate change, and aligns with the FIA’s #PurposeDriven movement for a better contribution from motorsport to society.

In aligning with the SBTi, Formula E has also become a member of the Race To Zero global campaign to rally leadership and support from businesses, cities, regions and investors for a healthy, resilient, zero carbon recovery that prevents future threats, creates jobs, and unlocks inclusive, sustainable growth. 

“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,” said Jamie Reigle, CEO, Formula E.

“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.”

Alberto Carrillo Pineda, Managing Director, Science Based Targets, CDP added: "We congratulate the ABB FIA Formula E World Championship on setting science-based targets consistent with limiting warming to 1.5°C, the most ambitious goal of the Paris Agreement. 

“By setting ambitious science-based targets grounded in climate science, Formula E is taking action to prevent the most damaging effects of climate change.