MCLAREN PARTNERS WITH GOLDMAN SACHS

21 Jun 2022

By: Sport Industry Group

British motor racing team McLaren Racing has announced that global financial institution Goldman Sachs Group Inc will become an official partner of the McLaren Formula 1 team for the 2022 season and beyond.

The multi-year partnership centres around the commitment to accelerate progress towards McLaren’s net zero goals.

With a shared belief that sustainability includes addressing social, environmental, and economic impacts, Goldman Sachs and McLaren will be using their combined expertise to drive change and progress McLaren’s journey to a more sustainable future.

The Woking-based F1 team aims to halve its GHG footprint by 2030 on a 2019 baseline and achieve net zero by 2040 in line with the UN Sports for Climate Action initiative and Race to Zero campaign.

The partnership announcement follows the news that McLaren Racing has been awarded the FIA three-star Environmental Accreditation for the ninth year running, after becoming the first Formula 1 team to receive this recognition back in 2013.

Goldman Sachs branding will be carried on the McLaren MCL36 F1 cars from the 2022 British Grand Prix on Sunday 3rd July at Silverstone. 

Zak Brown, CEO, McLaren Racing, said, “We’re thrilled to partner with Goldman Sachs, a global institution that shares McLaren Racing’s own values in recognising the importance of sustainability. As we work to achieve our bold long-term goals, Goldman Sachs’ support will provide an invaluable boost in fast-tracking our progress.

“Goldman Sachs will be a key partner in our sustainability journey, and we look forward to collaborating to make a positive contribution to our team, communities, and the wider world.”

Fiona Carter, CMO, Goldman Sachs, added, “Goldman Sachs and McLaren share an ambition to accelerate progress for the fans, our clients and in our communities. Together we’re excited to see what’s possible when we push our collective technical and intellectual expertise to the limit.”

 

Image Credit: McLaren Racing