Liberty Live Group 2023 SR
The report details Formula 1's progress toward its Net Zero by 2030 commitment, reporting a 13% reduction in its 2022 carbon footprint compared to the 2018 baseline. Significant 2023 milestones include the successful use of biofuel-powered trucks for European races, reducing logistics emissions by 83%, and a low-carbon energy trial in Austria that cut paddock emissions by over 90%. The company launched the F1 Academy to support female drivers and continued its Engineering Scholarship for underrepresented students. Furthermore, the organization achieved ISO 20121 certification for its event sustainability management system and maintained its FIA Three-Star Environmental Accreditation.
Company: Liberty Live Group
Sector: Arts, sports & recreation
Country: United States
Year: 2023
Type: SR
Pages: 63
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Liberty Live Group
Impact Report
The report details Formula 1's progress toward its Net Zero by 2030 commitment, reporting a 13% reduction in its 2022 carbon footprint compared to the 2018 baseline. Significant 2023 milestones include the successful use of biofuel-powered trucks for European races, reducing logistics emissions by 83%, and a low-carbon energy trial in Austria that cut paddock emissions by over 90%. The company launched the F1 Academy to support female drivers and continued its Engineering Scholarship for underrepresented students. Furthermore, the organization achieved ISO 20121 certification for its event sustainability management system and maintained its FIA Three-Star Environmental Accreditation.
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Document Details
Report Year
2023
Reporting Period
Mar 5, 2023 - Nov 26, 2023
Fiscal Year
2023
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Net Zero Target