2023-05-18 14:36:48
McLaren Racing CEO Zak Brown has called for changes to F1’s cost cap to make it more sustainable. McLaren released its 2022 sustainability report on Thursday. The report included reducing air freight emissions by 9% over two years, switching MTC lighting to LEDS, and phasing out single-use plastics.
However, McLaren said in its report that under current financial rules, costs incurred for sustainability initiatives remain within the cost cap unless they are directly attributable to existing exclusions. pointed out that it is one of “Teams often need to balance performance investments with sustainability investments within their cost caps,” McLaren said. McLaren welcomed the recent sustainability measures included in its updated financial rules, but he wants further changes. This includes the introduction of “clear sustainability criteria” into the Concorde Agreement covering core requirements for race calendars, paddocks and motorhomes; clear requirements for promoters and organizers regarding their sustainability efforts; The technical regulations contain exceptions related to the adoption of more sustainable materials. “While we are strong believers in cost caps and would not like to see anything that compromises their integrity, the current regulations create unintended barriers to investing in sustainability,” said Zak Brown. . “It has been great to have a lot of support from F1 and other teams on this issue and I am pleased that the FIA has set up a working group to consider next steps.” It takes a real step up to unlock potential, drive the development of more sustainable technologies, and create positive change on a global scale.” “We need a level playing field where we don’t have to choose between investing in car performance and investing in sustainability.” We need a clear regulatory framework with financial, technical and athletic regulations that make it more accessible to invest in. We need to find better ways to share expertise and insights across the industry. Yes, only true collaboration can help drive meaningful change.”And if we want to make a step forward with the new regulations for 2026, we need to make a decision now. Formula 1 is a competitive environment. introduced financial regulations ahead of the 2021 season to level the playing field.
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