Sustainable Biz #8 - Magazine - Page 16
FSC approved Pirelli tyres, which means the
natural rubber in the type complies with
the FSC’s strict standards for sustainable
forestry.80% of promoters powered aspects
of their events using alternative energy
sources such as solar panels, green tariffs,
and biofuels.Over 90% of promoters began
offering greener ways to travel to the race.
Social:
In 2024, Formula 1 entered the fourth
year of its F1 Engineering Scholarships
programme, which will have supported
50 underrepresented students by the end
of 2025. The Scholarship covers the entire
cost of the student’s tuition, together with
living expenses for the full duration of their
degree, enabling them to focus on their
studies. It also offers them support to set
them up for their careers, including work
experience with one of the ten Formula
1 teams, as well as career workshops and
mentoring.Formula 1 also launched the
global education programme ‘Learning
Sectors’ in collaboration with the British
Council to inspire young learners in Brazil,
India, South Africa, and the UK to pursue
STEM subjects. The year long programme
16
kicks off this year with 130,000 students
in 700 schools.F1 Academy, the sport’s
female-only series, competed alongside
Formula 1 at seven events last year,
completing 14 races. Through F1 Academy’s
partnership with the international karting
series, Champions of the Future, female
participation in racing increased from
5% in 2023 to 25% in 2024.The sport also
continued with hosting apprenticeships
and workshops, such as The Next Grand
Prix challenge in association with the
Social Mobility Business Partnership
(SMBP) charity, which challenges students
aged between 16 and 18 from a breadth
of backgrounds to assume a business
leadership role and deliver a fictional bid for
a new Formula One World Championship™
location.100% of promoters worked
with local community organisations and
leaders on programmes that inspire the
next generation.Formula 1 continued to
fund UNICEF’s digital learning passport
programme, which allows children in
disadvantaged areas, or within war zones,
to access quality education. The scheme has
supported more than 10 million children
S U S TA I N A B L E B I Z M A G A Z I N E
OCTOBER 2025
“The technology has
implications for the
automotive industry
and existing petrol cars,
as the fuel developed
by Formula 1 will be
a ‘drop-in’ that can
be used in road cars
without modification
and will serve as a
sustainable alternative
of global benefit.”
