The Mercedes-AMG Petronas Formula One (F1) team has purchased 5,500 metric tons worth of carbon credits from nature-based carbon developer Chestnut Carbon.
The F1 league announced in 2019 its commitment to reaching net-zero carbon emissions by 2030 and have since made a series of changes to the league.
In a bid to achieve their sustainability goal, the F1 league has announced it will be using a 100% sustainable fuel from 2026 for all of their participating race cars.
Mercedes-AMG Petronas are the most-recent team to announce a contribution to this goal via their cooperation with Chesnut Carbon. The credits are expected to contribute to carbon removal projects across the Southeastern United States.
Toto Wolff, Team Principal and CEO, Mercedes-AMG PETRONAS F1 Team, said:
“We are determined to lead by example in the pursuit of sustainability. We’re excited about the growth of our sport in the United States and committed to supporting projects there as we work towards our goals. This collaboration is an important step in our strategy to address residual emissions in our carbon footprint. It underscores our commitment to become one of the most sustainable global sports teams.”
Chestnut Carbon’s projects focus on land previously used for monocrops and methane-heavy cattle production. To date, Chestnut Carbon has planted over 10 million trees that are expected to capture and remove over one million tonnes of carbon by 2040.
This forward purchase of credits, set to be delivered between 2027 and 2030, equates to 5,500 tons of CO2.
Alice Ashpitel, Head of Sustainability, Mercedes-AMG PETRONAS F1 Team, said:
“Working with Chestnut Carbon is another step in our mission to drive sustainability and environmental responsibility within the motorsport industry. Our collaboration allows us to support projects that not only sequester carbon but also enhance biodiversity, improve air and water quality, and provide economic benefits to local communities. These efforts are integral to our goal of fostering ecological protection and our commitment to protect and enhance local habitats. This latest investment forms a key part of our broader portfolio of nature and tech-based carbon removal initiatives.”
Mercedes-AMG PETRONAS F1 Team’s latest Sustainability Report was published in July 2024. To view and for further information on the team’s ambitions, please visit the Sustainability section of their website.
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