- ESG: Formula E has topped the Global Sustainability Benchmark in Sport (GSBS) ranking for the third consecutive year, maintaining its position as a world-leader in sustainability ESG.
- In dedication to the pursuit of sustainable excellence, Formula E made year on year improvements in Environmental, Social and Governance categories, all of which it won.
- The all-electric championship delivered a series best of 85 points from 100, beating the sporting industry average of just 51.
- After celebrating 10 years of sustainable leadership as the world’s first net zero carbon sport in line with the 2020 definition, it eyes greater decarbonisation, social and governance progress both inside the championship and beyond.
- These efforts relate to Formula E’s works across the entire season, with Saudi Arabia playing a big part having hosted the event in Diriyah last year.
LONDON, UK. Monday, Dec 2. 2024 – Formula E has today announced that it has topped the Global Sustainability Benchmark in Sport (GSBS) for the third consecutive year, maintaining its leadership of the Corporate, Environment, Social and Governance (C ESG) ranking since its inaugural year. The efforts relate to works across the entire race calendar, including the Diriyah E-Prix, home of FE in the Kingdom for the past six years before its historic move to Jeddah next February.
GSBS – the independent sustainability rating organisation that specialises in CESG ratings – ranked Formula E with the Best Total Performance, while topping the Environmental, Social and Governance Award categories.
While the sporting industry average was 51/100 in 2024, Formula E claimed the top spot by five percentage points over Borussia Dortmund with a score of 85/100, seeing incremental year on year improvements across Environmental, Social and Governance categories.
Analysing more than 1,700 data points, the study made a comprehensive analysis of 64 organisations from 11 different countries, including sporting organisations such as Formula 1 (54/100), NFL (33/100), NBA (38/100) and FIFA (58/100).
The GSBS assessment drew from 534 organisations, 17 competitions, 46 clubs and 1 venue worldwide who were invited to participate in the initial assessment – including motorsport, football, tennis, American football, baseball, basketball, ice hockey, handball, and contact sports – representing the highest levels of Corporate, Environmental, Social and Governance (CESG) activity across professional sports. For the full report, visit GSBS Report.
Formula E in Saudi Arabia
Saudi Arabia played a part in this recognition having hosted Formula E races in Diriyah for the past six seasons. The Kingdom will continue to do so in 2025 as the race moves to Jeddah for the first time in Season 11 for the inaugural Jeddah E-Prix. Fans will experience the thrilling on-track action at the Jeddah Corniche Circuit – the fastest street circuit in the world – on February 14th-15th 2025. The shift to Jeddah reflects Formula E’s commitment to innovation and sustainability and aligns with Saudi Arabia’s vision for the future of sports in the Kingdom.
Julia Pallé, Vice President, Sustainability, Formula E said: “We’re delighted to be independently ranked as the number one ESG sport on the planet for the third year running. Our dedication to ensuring everything is as sustainable as possible, from how we engage with communities at race locations, continually reduce our carbon footprint to the make-up and diversity of our organisation and championship is paying off. But as with previous years, this is a mission without a finish line, and we must all continually do our best day in day out to accelerate sustainable human progress. I’m proud that the reason behind our racing is being recognised, but most importantly that it is having a true impact, and I hope it will inspire the rest of the sports community to follow our commitment.”
Christian Hartmann, CEO, GSBS: “For the third consecutive year, Formula E has cemented its position as a global leader in sustainability within the sports industry. Under the inspiring leadership of Julia Pallé and her dedicated team, Formula E continues to set the benchmark in modern sustainability management – not just for the sector but beyond.
While other organisations are making significant progress to close the gap, Formula E stands out through its ambition, adoption of high-level international standards, robust organisational structure, and, most notably, its rigorous execution. Its advanced data structure and uncompromising commitment to excellence have once again secured Formula E the top position in the annual GSBS Rating – the only internationally recognised and respected sustainability rating in the sports industry.”
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About Formula E and the ABB FIA Formula E World Championship:
As the world’s first all-electric FIA World Championship and the only sport-certified net zero carbon since inception in line with the 2020 definition, the ABB FIA Formula E World Championship brings dramatic racing to the heart of some of the world’s most iconic cities providing an elite motorsport platform for the world’s leading automotive manufacturers to accelerate electric vehicle innovation.
The Formula E network of teams, manufacturers, partners, broadcasters, and host cities is united by a passion for the sport and belief in its potential to accelerate sustainable human progress and create a better future for people and the planet.
www.FIAFormulaE.com
About ABB:
ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient and productive so they outperform. At ABB we call this ‘Engineered to Outrun’. Building on over 140 years of excellence and with more than 105,000 employees worldwide, ABB optimizes how things are manufactured, moved, powered and protected. The company’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). At the heart of the energy transition, ABB helps the world’s industries outrun – leaner and cleaner.
