HomeFree ArticleLatest NewsF1 McLaren Team and Goldman Sachs Announce Partnership

F1 McLaren Team and Goldman Sachs Announce Partnership

McLaren F1 racing team

F1 McLaren Team and Goldman Sachs Announce Partnership

McLaren Racing and Goldman Sachs have agreed to a multi-year partnership that will see the investment bank’s branding displayed on the Formula One (F1) team’s cars from 2022 beyond.

The deal will see both organisations focus on reducing emissions and halving the team’s greenhouse gases by 2030 and achieving net-zero by 2040, as well as tackling other issues like social, environmental, and economic impacts.

McLaren Racing was the first team to be awarded by the FIA, the international organisation for motorsport, with the environmental accreditation in 2013, which they have gone on to win nine years consecutively.

Commenting on the partnership, McLaren Racing CEO, Zak Brown, said: “We’re thrilled to partner with Goldman Sachs, a global institution that shares McLaren Racing’s own values in recognising the importance of sustainability.”

“As we work to achieve our bold long-term goals, Goldman Sachs’ support will provide an invaluable boost in fast-tracking our progress.

“Goldman Sachs will be a key partner in our sustainability journey, and we look forward to collaborating to make a positive contribution to our team, communities, and the wider world,” Brown said.

Also, the investment bank moves in the partnership with an ambition of accelerating the team’s transition to net zero and decarbonisation much sooner through “technical and intellectual expertise.”

Discussing on the partnership, Goldman Sachs CMO, Fiona Carter, said: “Goldman Sachs and McLaren share an ambition to accelerate progress for the fans, our clients and in our communities.”

“Together we’re excited to see what’s possible when we push our collective technical and intellectual expertise to the limit,” Carter said.

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