In our 2022 Sustainability Report, we launched our strategy to achieve Net Zero in 2030 with ambitious targets to deliver challenging emissions reductions across our carbon footprint.
Our key objectives remain unchanged as we seek to take bold action to significantly reduce our carbon footprint, addressing our largest sources of emissions as a priority, and using our world-class capabilities to lead technological innovation.
As part of our commitment to transparency, this year’s Sustainability Report will look a little different under our three new pillars of environmental sustainability: Net Zero, Responsible Resource Consumption and Ecological Protection.
We have worked hard to account for our full Scope 3 emissions. To measure and deliver meaningful emissions reductions, it was vital for us to account for our total footprint and our full impact. We have had our 2022 carbon footprint externally verified and this will act as our new baseline year, allowing us to refine our Net Zero targets and set us on the pathway to developing near-term and Net Zero Science Based Targets (SBTi) in 2023.
At the same time, we have focused on identifying and delivering projects such as our investment in Sustainable Aviation Fuel and our biofuels trial to deliver significant reductions across our largest emissions sources in 2022 and to provide learning for future years.
We have made some tangible progress but are still at the start of our journey and are passionate about driving the team forward to achieve our challenging ambitions.
Alice Ashpitel , Head of Sustainability
Commitment to achieve Net Zero by 2030 remains unchanged
100% reduction in Scope 1 and 2 emissions
75% reduction and 25% removal for Scope 3 emissions within Race Team control
Supply chain emissions reduction target to be developed
With our full supply chain footprint now understood, we will develop near-term and Net Zero SBTi aligned targets in 2023 to ensure our targets cover our full footprint, measured against our independently verified 2022 baseline.
Commitment to decouple growth and activity from resource consumption
Increase on-site renewable energy generation
Ongoing removal of single use plastics and growth of expertise in circular economy
Redevelopment of Brackley Campus to deliver measured improvements to our energy, water and waste conservation
Commitment to protect and enhance our local habitats
Retention of FIA Three-Star Environmental Certification
Redevelopment of Brackley Campus targeting significant biodiversity net gain
Continuous improvement of ISO 14001 accredited Environmental Management System
From 2018 to 2021, our carbon footprint was tracked using available data, covering the team’s full Scope 1 and 2 footprint and partial Scope 3 footprint. In 2021, we achieved a 58% reduction in our measured carbon footprint compared to our 2018 baseline, meeting a year early our target of 50% reduction by 2022.
Our priorities for our emissions remain:
Measure and communicate
Reduce
Remove residual emissions
Amplify and encourage
The results of our 2022 carbon footprint have undergone limited assurance in line with ISO 14064 by an independent third party.
Our carbon footprint is calculated in line with the Greenhouse Gas Protocol approach for Operational Control. Our market-based emissions are displayed in our total carbon footprint and our location-based Scope 2 emissions are 3,226 tCO2e.
Our footprint accounts for all our material Scope 3 emissions categories as outlined in the Limited Assurance Statement.
We report using the guidelines outlined in the World Economic Forum's Clean Skies for Tomorrow SAF Certificate (SAFc) Emissions Accounting and Reporting Guidelines, to include the emissions reductions achieved through SAFc purchase. Our emissions baseline is shown prior to SAFc purchase and following to demonstrate a saving of over 2,628 tCO2e.
With the establishment of our independently verified 2022 emissions baseline, we have refined our Net Zero targets.
The targets outlined in our 2022 Sustainability Report covered the part of our Scope 3 footprint within Race Team control including: Fuel and energy related activities, business travel, waste generated in operations, employee commuting and upstream transportation and distribution.
We will continue to target 100% reduction of Scope 1 and 2 emissions by 2030 and a 75% reduction and 25% removal of these emissions within Race Team control.
With our full supply chain footprint now understood, we will develop near-term and Net Zero SBTi-aligned targets in 2023 to ensure our targets cover our full footprint, measured against our independently verified 2022 baseline. This will include our supply chain (purchased goods and services and capital goods).
Our commitment to sustainability is central to every decision that we make.
Energy efficiency and resource consumption targets have been embedded across our team operations for many years through target setting within our ISO 14001 certified Environmental Management System.
Historically we have focused on intensity targets to track our progress in reducing resource consumption. Since 2018 we have achieved a 34% reduction in our water consumption and 10% reduction in energy consumption per team member.
In 2022 we recognised that our consumption of resources could not continue to be measured against business growth but instead must begin to focus on absolute reduction.
As the data collected and verified for our new emissions baseline will help us refine our Net Zero targets, similar work is being carried out in 2023 to enhance the granularity of our resource consumption data to set us on the pathway to develop new resource consumption and circular economy targets in 2023 which will decouple consumption from future growth.
Protecting the environments we inhabit and impact is central to our efforts. Our Environmental Management System has continuously evolved since 2010 to ensure we are minimising our impact.
To protect the local ecology at our Brackley Campus we have held ISO 14001 certification for our environmental management system for over 10 years and successfully achieved full recertification against ISO 14001:2015 again in early 2023.
We have held FIA Three Star Environmental Certification since 2020 demonstrating best practice and commitment to seek continual improvement through the implementation of our environmental management system.
We have recently unveiled the next stage of the £70 million development of our home in Brackley to create a state-of-the-art, sustainable F1 campus of the future.
In line with our Net Zero ambitions for 2026 and 2030, our new buildings will be designed to be Net Zero in operation and will be powered by 100% renewable energy from onsite and offsite sources, including a new solar array on our onsite car park.
Where possible, we are targeting the use only of reusable and recyclable materials, with the goal of obtaining 30% of our materials through local sourcing.
The new facilities will also be more efficient in how we use them: we are aiming for a 50% reduction in water consumption per person per day and to achieve greater than 60% recycling of office waste.
As well as being state-of-the-art buildings, they will simultaneously reflect our commitment to state of- the-art sustainability.
Our campus will embed AI-enabled smart monitoring of our energy consumption to track and identify opportunities to further reduce resource consumption, and provide all team members with visibility of their impact to further promote ownership and encourage change.