Latest news with #GreenhouseGasProtocol
Irish Examiner
4 hours ago
- Automotive
- Irish Examiner
F1's renewable energy shift drives 26% drop in carbon footprint
Formula 1, known for flashy, petrol-guzzling racecars speeding at hundreds of kilometres per hour across twisting asphalt tracks, hasn't been a pastime known for sustainability. It's now trying to change that. Often referred to as 'the pinnacle of motorsport,' the racecar organisation, has seen its carbon emissions drop 26% since 2018. At the end of the 2024 season, the sport's carbon footprint fell to 168,720 tonnes of carbon dioxide equivalent from 228,793. F1 said in a statement on Wednesday that it's halfway toward achieving its minimum 50% reduction target, as set out in its 'net zero by 2030' commitment. 'It's a key milestone and the culmination of a lot of work,' said Ellen Jones, head of environmental, social and governance at F1. 'We've changed the way we operate, changed the way we work' with the racing teams and promoters, as well Formula 1's management and regulator, she said. A major factor in the reductions has been a years-long shift to renewable energy, Jones said. Investment in sustainable aviation fuel for travel and freight use, and other alternative energy sources, including solar and biofuels, contributed to the decline. Next year, F1 has set a target for the cars to have new hybrid engines and be powered entirely by advanced sustainable fuel. 'We're not only changing what we're doing materially, we're also changing the technologies,' Ms Jones said. The sport has achieved carbon reductions across the four major categories that it tracks: factories and facilities, down 59% since 2018; logistics, down 9%; event operations, down 12% on a per-race basis; and travel, down 25%. The sport has reduced emissions by 26% since 2018 An increase in using remote operations and changes to the race schedule also have resulted in lower greenhouse gas emissions. Having remote broadcast operations has allowed about 140 personnel to avoid having to travel to the race location each weekend. Changing the date of the Japanese Grand Prix to align with other races last year in the Asia-Pacific region also contributed to lower emissions. In 2026, the date of the Monaco Grand Prix will be moved to align with other European events and eliminate an additional transatlantic crossing. F1 said its climate commitment is 'set in accordance with the science' from the Intergovernmental Panel on Climate Change and aligns with the panel's definition of net zero emissions. The racing series' goal is to reduce absolute emissions by a minimum of 50% from a 2018 baseline, which was calculated using guidance set by the Greenhouse Gas Protocol. F1 has faced criticism from activists who say the sport is harmful to the environment. In 2022, demonstrators with Just Stop Oil sat on the track during the 2022 British Grand Prix, disrupting the race. The construction of Madrid's Grand Prix street circuit also has prompted backlash. The Brazilian leg of the F1 schedule takes place in November, days before the 2025 United Nations Climate Change Conference, which will be hosted in the South American country. Bloomberg
Straits Times
14 hours ago
- Automotive
- Straits Times
Formula One renewable energy shift drives 26% drop in carbon footprint
Often referred to as 'the pinnacle of motorsport', the organisation has seen its carbon emissions drop 26 per cent since 2018. NEW YORK – Motor racing, a sport known for flashy, petrol-guzzling racecars speeding at hundreds of kilometers per hour across twisting asphalt tracks, has not been a pastime known for sustainability. Formula One is trying to change that. Often referred to as 'the pinnacle of motorsport', the organisation, which hosts an annual championship featuring the best drivers in the world, has seen its carbon emissions drop 26 per cent since 2018. At the end of the 2024 season, the sport's carbon footprint fell to 168,720 tonnes of carbon dioxide equivalent from 228,793. F1 said in a statement on July 23 that it is halfway toward achieving its minimum 50 per cent reduction target, as set out in its 'net zero by 2030' commitment. 'It's the culmination of a lot of work,' said Ellen Jones, head of environmental, social and governance at F1. 'We've changed the way we operate, changed the way we work with the racing teams and promoters, as well Formula 1's management and regulator.' A major factor in the reductions has been a years-long shift to renewable energy, Jones said. Investment in sustainable aviation fuel for travel and freight use, and other alternative energy sources, including solar and biofuels, contributed to the decline. Next year, F1 has set a target for the cars to have new hybrid engines and be powered entirely by advanced sustainable fuel. The sport has achieved carbon reductions across the four major categories that it tracks – factories and facilities, down 59 per cent since 2018; logistics, down 9 per cent; event operations, down 12 per cent on a per-race basis; and travel, down 25 per cent. An increase in using remote operations and changes to the race schedule also have resulted in lower greenhouse gas emissions. Having remote broadcast operations has allowed about 140 personnel to avoid having to travel to the race location each weekend. And changing the date of the Japanese Grand Prix to align with other races last year in the Asia-Pacific region also contributed to lower emissions. In 2026, the date of the Monaco Grand Prix will be moved to align with other European events and eliminate an additional transatlantic crossing. F1 said its climate commitment is 'set in accordance with the science' from the Intergovernmental Panel on Climate Change and aligns with the panel's definition of net zero emissions. The racing series' goal is to reduce absolute emissions by a minimum of 50 per cent from a 2018 baseline, which was calculated using guidance set by the Greenhouse Gas Protocol. F1 has faced criticism from activists who say the sport is harmful to the environment. In 2022, demonstrators with Just Stop Oil sat on the track during the 2022 British Grand Prix, disrupting the race. The construction of Madrid's Grand Prix street circuit also has prompted backlash. The Brazilian leg of the F1 schedule takes place in November, days before the 2025 United Nations Climate Change Conference, which will be hosted in the South American country. BLOOMBERG
&w=3840&q=100)
Business Standard
18 hours ago
- Automotive
- Business Standard
Formula 1 renewable energy shift drives 26% drop in carbon footprint
By Olivia Raimonde and Alastair Marsh Motor racing, a sport known for flashy, petrol-guzzling racecars speeding at hundreds of kilometers per hour across twisting asphalt tracks, hasn't been a pastime known for sustainability. Formula 1 is trying to change that. Often referred to as 'the pinnacle of motorsport,' the racecar organisation, which hosts an annual championship featuring the best drivers in the world, has seen its carbon emissions drop 26 per cent since 2018. At the end of the 2024 season, the sport's carbon footprint fell to 168,720 tonnes of carbon dioxide equivalent from 228,793. F1 said in a statement on Wednesday that it's halfway toward achieving its minimum 50 per cent reduction target, as set out in its 'net zero by 2030' commitment. 'It's the culmination of a lot of work,' said Ellen Jones, head of environmental, social and governance at F1, in an interview. 'We've changed the way we operate, changed the way we work' with the racing teams and promoters, as well Formula 1's management and regulator, she said. A major factor in the reductions has been a years-long shift to renewable energy, Jones said. Investment in sustainable aviation fuel for travel and freight use, and other alternative energy sources, including solar and biofuels, contributed to the decline. Next year, F1 has set a target for the cars to have new hybrid engines and be powered entirely by advanced sustainable fuel. The sport has achieved carbon reductions across the four major categories that it tracks: factories and facilities, down 59 per cent since 2018; logistics, down 9 per cent; event operations, down 12 per cent on a per-race basis; and travel, down 25 per cent. An increase in using remote operations and changes to the race schedule also have resulted in lower greenhouse gas emissions. Having remote broadcast operations has allowed about 140 personnel to avoid having to travel to the race location each weekend. And changing the date of the Japanese Grand Prix to align with other races last year in the Asia-Pacific region also contributed to lower emissions. In 2026, the date of the Monaco Grand Prix will be moved to align with other European events and eliminate an additional transatlantic crossing. F1 said its climate commitment is 'set in accordance with the science' from the Intergovernmental Panel on Climate Change and aligns with the panel's definition of net zero emissions. The racing series' goal is to reduce absolute emissions by a minimum of 50 per cent from a 2018 baseline, which was calculated using guidance set by the Greenhouse Gas Protocol. F1 has faced criticism from activists who say the sport is harmful to the environment. In 2022, demonstrators with Just Stop Oil sat on the track during the 2022 British Grand Prix, disrupting the race. The construction of Madrid's Grand Prix street circuit also has prompted backlash.
Business Times
20 hours ago
- Automotive
- Business Times
Formula 1 renewable energy shift drives 26% drop in carbon footprint
[NEW YORK] Motor racing, a sport known for flashy, petrol-guzzling racecars speeding at hundreds of kilometres per hour across twisting asphalt tracks, has not been a pastime known for sustainability. Formula 1 is trying to change that. Often referred to as 'the pinnacle of motorsport', the racecar organisation, which hosts an annual championship featuring the best drivers in the world, has seen its carbon emissions drop 26 per cent since 2018. At the end of the 2024 season, the sport's carbon footprint fell to 168,720 tonnes of carbon dioxide equivalent from 228,793. F1 said on Wednesday (Jul 23) that it's halfway towards achieving its minimum 50 per cent reduction target, as set out in its 'net zero by 2030' commitment. 'It's the culmination of a lot of work,' said Ellen Jones, head of environmental, social and governance at F1. 'We have changed the way we operate, changed the way we work' with the racing teams and promoters, as well as Formula 1's management and regulator, she said. A major factor in the reductions has been a years-long shift to renewable energy, Jones said. Investment in sustainable aviation fuel for travel and freight use, and other alternative energy sources, including solar and biofuels, contributed to the decline. Next year, F1 has set a target for the cars to have new hybrid engines and be powered entirely by advanced sustainable fuel. A NEWSLETTER FOR YOU Friday, 12.30 pm ESG Insights An exclusive weekly report on the latest environmental, social and governance issues. Sign Up Sign Up The sport has achieved carbon reductions across the four major categories that it tracks: factories and facilities, down 59 per cent since 2018; logistics, down 9 per cent; event operations, down 12 per cent on a per-race basis; and travel, down 25 per cent. An increase in using remote operations and changes to the race schedule have also resulted in lower greenhouse gas emissions. Having remote broadcast operations has allowed about 140 personnel to avoid having to travel to the race location each weekend. And changing the date of the Japanese Grand Prix to align with other races last year in the Asia-Pacific region also contributed to lower emissions. In 2026, the date of the Monaco Grand Prix will be moved to align with other European events and eliminate an additional transatlantic crossing. F1 said its climate commitment is 'set in accordance with the science' from the Intergovernmental Panel on Climate Change and aligns with the panel's definition of net zero emissions. The racing series' goal is to reduce absolute emissions by a minimum of 50 per cent from a 2018 baseline, which was calculated using guidance set by the Greenhouse Gas Protocol. F1 has faced criticism from activists who say the sport is harmful to the environment. In 2022, demonstrators with Just Stop Oil sat on the track during the 2022 British Grand Prix, disrupting the race. The construction of Madrid's Grand Prix street circuit also has prompted backlash. The Brazilian leg of the F1 schedule takes place in November, days before the 2025 United Nations Climate Change Conference, which will be hosted in the South American country. BLOOMBERG
Malaysia Sun
a day ago
- Business
- Malaysia Sun
Malaysia's regulator launches greenhouse gas emission calculator for SMEs
Xinhua 22 Jul 2025, 21:46 GMT+10 KUALA LUMPUR, July 22 (Xinhua) -- Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia (SC), on Tuesday launched the Simplified ESG Disclosure Guide Greenhouse Gas Emission Calculator for small and medium enterprises (SMEs). The CMM said in a statement that the user-friendly tool is designed to help Malaysian companies measure and report their Scope 1 and Scope 2 emissions based on the globally recognized Greenhouse Gas Protocol. To ensure consistency and credibility, the tool utilizes a methodology which follows widely accepted international standards that are also used by the Malaysian government in the Biennial National Communications to the United Nations Framework Convention on Climate Change (UNFCCC). "The calculator simplifies a complex process, making emissions reporting accessible even to first-time users. Beyond reporting, it also enables companies to pinpoint key emission sources across operations, allowing them to make informed decisions and move towards meaningful climate action," said Mohammad Faiz Azmi, executive chairman of the SC and chairman of CMM. He added that the calculator further complements efforts by the SC to promote consistent and credible sustainability disclosures and supports the adoption of the National Sustainability Reporting Framework by Malaysian companies.
