Sustainability at Mclaren Racing

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Sustainability at Mclaren Racing Sustainability at McLaren Racing 14 APRIL 2021 Contents 1 Introduction 3 4 Giving back 19 VentilatorChallengeUK 20 2 Our commitment to sustainability 5 Charity partnerships 21 3 Our strategy framework 9 5 In summary 24 CO2 10 Championing a circular economy 12 Diversity, equality and inclusion 14 Health & well-being 18 2 / SUSTAINABILITY AT Mc LAREN RACING / 14 APRIL 2021 Introduction 3 / SUSTAINABILITY AT Mc LAREN RACING / 14 APRIL 2021 INTRODUCTION OUR COMMITMENT OUR STRATEGY FRAMEWORK GIVING BACK IN SUMMARY I NTRODUCTION The fearless pursuit of better At McLaren Racing, we don't have a sustainability strategy. We have a strategy for a sustainable team. Our aim is to embed sustainability in every decision we make and action we take. It is an approach based on parallel priorities: minimising our negative impact by working towards climate action and transitioning to a circular economy, while maximising our positive impact in the areas of diversity, equality and inclusion, and the promotion of health and well-being. For decades, Formula 1, motorsport and McLaren have been an innovation lab for technologies that have transformed the automotive industry and beyond. We believe a natural part of our existence is helping tackle some of society's most important challenges. McLaren has a legacy of sustainability leadership: 10 years ago we were the first F1 team to be certified carbon neutral and have successfully retained the Carbon Trust Standard award, most recently in February 2021. McLaren was also the first team to be awarded the FIA Institute's Environmental Award in 2013, which we have consistently maintained at the three-star level. Compliance though, in our view, is simply a minimum. Our ambition is to help drive and champion the sport and industry agenda forward, in partnership with all our stakeholders, to positively contribute to a truly sustainable future. The following pages summarise the approach McLaren Racing is taking on sustainability into the long term and the work the team has already begun doing in key areas. 4 / SUSTAINABILITY AT Mc LAREN RACING / 14 APRIL 2021 Our commitment 5 / SUSTAINABILITY AT Mc LAREN RACING / 14 APRIL 2021 INTRODUCTION OUR COMMITMENT OUR STRATEGY FRAMEWORK GIVING BACK IN SUMMARY Our commitment As an organisation that operates across technology, racing and mobility, we recognise our ability and responsibility to provide solutions to sustainability challenges through our people, processes and operations. We are therefore committed to: 1. Minimising our carbon footprint 2. Championing circular economy principles 3. Promoting a diverse, equal and inclusive culture in our workforce and industry 4. Positively impacting the health and well-being of our people and communities These are the four pillars that underpin our strategy for a sustainable team and are the foundations of the decisions we make on a daily basis. 6 / SUSTAINABILITY AT Mc LAREN RACING / 14 APRIL 2021 INTRODUCTION OUR COMMITMENT OUR STRATEGY FRAMEWORK GIVING BACK IN SUMMARY OUR COMMITMENT Key moments of sustainable innovation 2000 2003 F1 tech on Mars lander 1960 2004 MTC opened with ecological design built-in 2015 Mission Control provides centralised 1963 McLaren Racing founded information hub for coordination of remote 2014 McLaren used it's data expertise to help 1966 ‘Nostrils’ aerodynamic activities and reduces volume of team travel. monitor over 1,000 seriously ill children at device designed by Powering the first fully Birmingham Children’s Hospital. McLaren’s Bruce McLaren 2009 First Hybrid engine victory electric motorsports series analytics platform has also been used to in F1 (Hungarian GP) (Formula E) help people with neurological disorders. Introduction of carbonfibre McLaren pioneers high-fidelity 2011 McLaren becomes first carbon Developed a battery to last Introduction of natural to motorsport (MP4/1 simulation in F1, accelerating advances neutral F1 team recognised entire Formula E race fibre composite transforming survival rates in virtual product development that with the Carbon Trust Standard in motorsport industry minimise use of physical resources. certification, re-evaluated every 2018 McLaren helps produce more two years than 13,000 ventilators for the 1981 1997 covid-19 pandemic 2013 McLaren Racing becomes first team to be awarded the FIA 2020 Institute's Environmental Award, with three star status, maintained since every two years A sustainable team strategy 2010 7 / SUSTAINABILITY AT Mc LAREN RACING / 14 APRIL 2021 INTRODUCTION OUR COMMITMENT OUR STRATEGY FRAMEWORK GIVING BACK IN SUMMARY OUR COMMITMENT A strategy for a sustainable team Embedding sustainability in every decision we make and action we take, inspiring future generations of fans, partners and talent across F1 and beyond, Diversity, CO 2 equality Achieve a net-zero carbon footprint by & inclusion 2030 and champion Promote a diverse and innovation that inclusive culture in our helps others workforce and industry CONTINUOUS PURSUIT OF BETTER Circular Health & economy well-being Accelerate the Inspire, influence transition to a and impact our circular world in people, our fans and our activities and the communities, those we influence where we work and race WE AIM TO ACHIEVE OUR BOLD LONG-TERM GOALS BY 2030 SUPPORTED BY NEAR TERM INITIATIVES THAT CREATE TANGIBLE IMPACTS 8 / SUSTAINABILITY AT Mc LAREN RACING / 14 APRIL 2021 Our strategy framework 9 / SUSTAINABILITY AT Mc LAREN RACING / 14 APR IL 2021 INTRODUCTION OUR COMMITMENT OUR STRATEGY FRAMEWORK GIVING BACK IN SUMMARY OUR STRATEGY FRAMEWORK CO 2 Of the 256,551 tonnes of carbon that F1 emitted as a sport in 2018, The data clearly shows that there is real scope to reduce only 0.7% of that figure was from the cars themselves. Huge strides the carbon footprint of the sport in other areas. The biggest in efficiency have been made through the introduction of state-of- contributors to F1’s carbon footprint are logistics (45%) and the-art powertrain technologies. The V6 turbo-hybrid era has seen personnel travel (27.7%), and the sport is taking a holistic the development of the most efficient internal combustion engines approach to reducing its environmental impact in all areas. in the world – delivering more power using less fuel and hence CO2 than their standard petrol and diesel counterparts. Where the When it comes to major global sports, F1 is not alone in this regard. thermal efficiency of a petrol engine has long stood at around 30%, However, there is an opportunity to lead and make a positive current Formula 1 engines are reaching more than 50%. contribution to the sustainability agenda on the world stage. Equally impressive is the how rapidly these technologies have been Racing around the world is intrinsic to the sport of Formula 1 – developed to deliver efficiencies we could never have imagined just it is, after all a world championship – but that only serves to sharpen half a decade ago. And crucially, in that time, the knowledge and our focus on racing as sustainably as possible. technology from this pioneering work has transferred to the wider automotive industry, which has led to ground-breaking advances in At McLaren Racing, we recognise the impact of climate change and electric motors, batteries, energy management, eTurbos and more. we are dedicated to de-carbonisation across our operations. In 2019, F1 announced its ambitious sustainability plan to have a net-zero carbon footprint by 2030. Our commitment to helping turn this plan into action is reflected in our objective to also achieve a net-zero carbon footprint by the end of the decade. 0.7% +50% carbon emissions thermal efficiency came from cars of F1 power units 10 / SUSTAINAB ILITY AT Mc LAREN RACING / 14 APRIL 2021 INTRODUCTION OUR COMMITMENT OUR STRATEGY FRAMEWORK GIVING BACK IN SUMMARY OUR STRATEGY FRAMEWORK ACHIEVE A NET-ZERO CARBON FOOTPRINT AND CO 2 CHAMPION INNOVATION THAT HELPS OTHERS It’s an objective we’ve already taken positive steps towards. In 2013, — Advance our strategy to tackle McLaren Racing received the FIA Sustainability Accreditation Award. material emissions across the Not only were we the first F1 team to receive this award but we did value chain so with the highest honours, attaining the three-star level. Since then, we have been successfully re-accredited on a two-year rolling basis, — Engage partners in best practice most recently in February 2020. — Deepen understanding of impact Our continued efforts in this area have seen us reach other important through benchmarking and milestones which include receiving the FIA Award of Excellence; assessment of operations McLaren Group and MTC facilities achieving the Carbon Trust Standard consistently since 2011; and our technologies gaining — Drive sustainability improvements ISO 14001 accreditation – the international standard for an effective throughout the supply chain environmental management system. — Champion sustainable innovation While certifications and awards are important in reflecting progress, and produce sustainable races they reflect compliance. Our objective is to decarbonise our value chain by 2030. By identifying our greatest emissions sources, such as air travel and purchased electricity, we are developing a roadmap to reduce our footprint across our operations. 11 / SUSTAINABILITY AT Mc LAREN RACING / 14 APRIL 2021 INTRODUCTION OUR COMMITMENT OUR STRATEGY FRAMEWORK GIVING BACK IN SUMMARY OUR STRATEGY FRAMEWORK Championing a circular economy Waste reduction and transition to a circular economy is a critical component of any effective sustainability strategy, and it’s no different for us. As one of our four key pillars, we aim to accelerate the transition to a circular world in our activities and those we influence. Currently, at McLaren-controlled operations, almost no waste is sent to landfill. Instead, we employ a comprehensive recycling programme and focus on methodologies and material use that enables us to turn waste into energy. An example of this is our pioneering use of sustainable composites. In 2020, we became the first F1 team to use natural fibre composites; working with sustainable lightweighting specialist Bcomp to develop a natural fibre racing seat.
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