Gearing up its sustainabilty ambitions, Method 1 has introduced its first funding in Sustainable Aviation Gasoline (SAF) as a part of its extremely environment friendly logistics technique and dedication to reaching Internet Zero by 2030.
Method 1 has introduced that it’s going to make one other necessary step to succeed in its sustainability objectives by making its first funding in Sustainable Aviation Gasoline.
The primary part of funding focuses on SAF purchases by means of World Companion DHL for air cargo to and from flyaway races because the Australian Grand Prix in March and covers roughly 20% of subsequent cargo flights this season.
Method One has famous that “utilizing SAF delivers an estimated 80% discount in related carbon emissions per flight, which implies that the flights lined by SAF purchases within the 2024 season are estimated to avoid wasting over 4,500 tCO2e (tonnes of carbon dioxide equivalent2), in comparison with the usage of standard aviation gas.”
On this first part of funding, Method 1 “is procuring SAF utilizing the business recognised ‘e book and declare’ mannequin by means of DHL’s GoGreen Plus service. Because the sector and SAF infrastructure is increasing, it’s not potential to straight gas cargo planes used to maneuver F1 freight with SAF.
“As an alternative, DHL has enabled F1 to ‘e book’ the wanted gas quantity, which then will get added to the availability chain in different planes the place SAF is straight accessible. This ensures a excessive normal of product high quality and traceability, with all carbon reductions verified earlier than F1 can ‘declare’ them of their carbon footprint. This mannequin helps scale back carbon emissions with present SAF volumes and encourages future market progress.”
From 2026, F1 automobiles will run on 100% sustainable gas, whereas F2 and F3 will attain that normal by subsequent season having been at 55% because the begin of 2023, and the FIA Security and Medical automobiles at present use 40% sustainable gas.
As well as, F1 races in Europe are delivered utilizing biofuel-powered vans, in addition to occasions all through the calendar utilizing various vitality options, resembling biofuel. From subsequent season, F1 may even energy key operational areas of all European Grands Prix, such because the Pit Lane and Paddock, utilizing a low-carbon energy answer offered by Aggreko, which reduces emissions within the equipped areas by greater than 90%.
Commenting on the announcement, Head of ESG Ellen Jones stated: “Method 1 has all the time been on the forefront of innovation, and our early stage funding in Sustainable Aviation Gasoline is a testomony to our dedication to ship on our Internet Zero by 2030 dedication.
“SAF is simply the newest step for the enterprise, and underscores how various fuels each on and off observe can materially scale back carbon emissions. This supply of our sustainability technique is barely made potential by means of coordinated actions throughout our sport.”
Talking of the innovation, DHL’s Head of Motorsports Logistics Paul Fowler commented: “Our longstanding partnership with Method 1 is constructed on a shared ardour for innovation and excellence.
“We’re dedicated to utilizing our experience to move Method 1’s automobiles and tools all over the world in essentially the most environment friendly method potential. With 40 years of experience in motorsports logistics, we’re centered on chopping down greenhouse fuel emissions and making motorsport extra sustainable with each step we take.”
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