The race we all take part in

Written by Vanessa Friese, Group BD Marketing Specialist.

The future in the sports industry is being dictated by a focus on ESG –environmental, social and governance issues. The Tokyo 2021 Olympics represent a key example of this transition. The Olympic Games are historically one of the largest fossil fuels emitting sports events. This is mainly due to the sheer number of people that participate and attend. To reduce the carbon footprint of the Tokyo 2021 Olympics, several initiatives have been put into place. These include a carbon offset program, electric vehicles, the use of recycled materials, etc.

Also the UNFCCC has a strong focus on sports and sustainability and has developed a “Sports for Climate Action”, which works towards two overarching goals:

1. Achieving a clear trajectory for the global sports community to combat climate change, through commitments and partnerships according to verified standards

2. Using sports as a unifying tool to federate and create solidarity among global citizens for climate action.

The UN Sports for Climate Action signatories have established climate action in the agenda of the sports industry with commitments to reduce GHG emissions, to achieve net zero and  advocating for 1.5°C ambition.

All sports are invited to adopt the following targets:

  • Reduce GHG emissions by 50% by 2030 at the latest. One long-term target to reach net zero GHG emissions by 2040
  • Targets should be inclusive of scopes 1, 2 and 3
  • Process of Commit, Plan, Proceed and Report will enter into force effective December 2021.

Transportation accounts for 21% of global carbon emissions. Motor racing coming from a sport based on combustion engine cars, is thus a big deal.

Mahindra Racing is the first Formula E team, and the first FIA World Championship participant, to be certified Net Zero Carbon footprint since inception in November 2020 by ALLCOT Group. Mahindra Racing is not only committed to expanding the limits of technology and innovation on the racetrack, but also to be a pioneer in climate change and sustainability. Therefore, ALLCOT Group is proud to announce that this year we will work again together with Mahindra Racing on an ESG-strategy implementation, which will be extending the current Net Zero Carbon footprint to a complete SDG Sustainability Roadmap.

David Poveda