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The Mercedes-AMG PETRONAS F1 Team is delighted to announce our commitment to invest in #sustainableaviationfuel, becoming the first global sports team to do so, as part of our drive to further reduce our CO2 emissions and our ambition to become SBTi-verified Net Zero by 2030.
Sustainability is at the heart of our operations. As a Formula One team #racing on multiple continents, we have worked tirelessly to understand the environmental impact that we have and the role that we can play in driving change. As Formula One operates at the forefront of #automotive technology, we have a responsibility to ensure we are at the cutting-edge of innovation in sustainable technologies.
Sustainable Aviation Fuel (SAF) is renewable or waste-derived aviation fuel, an emerging technology recognised by the International Civil Aviation Organisation to play a major role in reducing future international aviation emissions1. With aviation accounting for over a quarter of our entire projected carbon footprint, our multi-million-dollar investment in SAF will significantly improve our overall environmental impact, with the industry-leading technology further assisting our journey towards Net Zero.
SAF will become a significant component of our team's sustainability strategy, reflecting our desire to drive the change within Formula One for more sustainable #racing. Our purchase of #sustainableaviationfuel will be used for our indirect Scope 3 aviation emissions, which are excluded from the Formula One cost cap, such as flights to Grand Prix locations and other business air travel.
By purchasing SAF claims, we will be able to achieve close to 50% reduction in our race team personnel air travel footprint and will continue to offset our remaining aviation carbon emissions with Gold Standard offsets whilst we work with the industry to scale SAF availability.
While current SAF production and availability are limited, the opportunity is immense. We hope that using our powerful global platform to support the development and growth of the SAF market will showcase SAF's potential and prove to other industries how great an impact it can have. Through our commitment, we hope to encourage others to do the same, driving further investment in SAF production.
Toto Wolff, Team Principal and CEO of the Mercedes-AMG PETRONAS F1 Team said: "Sustainable Aviation Fuel has the potential to transform the way we travel and the impact that we have on the environment. This is a topic that I think about a great deal personally as well as professionally. I fly a lot; the team flies a lot. If we must fly, then we need to find a better way to do so and SAF is the best solution available to the aviation industry right now. We aim to be on the cutting edge of change, using our global motorsport platform as a model for a more sustainable and diversified future."
Alice Ashpitel, Sustainability & Environmental Manager at the Mercedes-AMG PETRONAS F1 Team commented: "Our aim is to embed sustainability in every decision we make and action we take. We believe that #sustainableaviationfuel can change the way that sports and businesses more generally, as some of the biggest users of aviation, can exert a positive influence on the outside world. We hope to play a leading role in showcasing what's possible with SAF and prove to other industries what can be achieved."
1 Sustainable Aviation Fuels (SAF) (icao.int)
Our Annual Sustainability Report will be published in August 2022, containing further information on the team's achievements, commitments, and our strategy to reach SBTi-verified Net Zero.
Key Sustainability Milestones:
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