Formula 1's Climate Change Impact: E
Formula 1 currently does not power their corporate building using 100% green renewable energy. This means the electricity used contains a mix of electricity generated by non-renewable means. This may include fossil fuels, such as coal. Today there are many different electricity providers offering green generated renewable electricity.
Formula 1's company website currently isn't hosted by an industry recognised green host. This means they power their data centre using 100% renewable energy. Switching to a web hosting provider that operates this way will help the internet, and Formula 1 becoming a green company.
Becoming carbon-free is one of many ways to become an eco company.
If Formula 1 was to become a carbon-negative company will not only cover its outgoing carbon dioxide production, but remove more than its total output.
It is estimated that globally we are required to invest around USD 60 trillion to decarbonise. If every company, including Formula 1 was able to fund (in part) something towards climate change as we must reduce greenhouse gas (GHG) emissions worldwide.
Formula 1 has not committed to using 100% green renewable energy.
Formula 1 has pledged to be a carbon neutral company by 2030. Publically stating you are a carbon neutral company, which is a great step towards a positive climate action approach, is what every company should strive for way beyond the Paris Agreement's 2050 deadline.
Based on the information publicly announced, we already know that Formula 1 is at the very least climate positive. This at a minimum is a good first step. However, it means next to nothing if Formula 1 do not put any climate action forward, in the way of goals and deadlines.
Compare other companies in the same sector: Automotive