McLaren Racing has announced a multi-year extension to its partnership with Deloitte, continuing as the Official Transformation Partner of the McLaren Formula 1 Team from the 2023 season.
Since 2020, Deloitte and McLaren have been working closely to help enhance the performance of the McLaren F1 team and its operations, which includes capturing and analyzing data to optimize car performance and applying digital twin simulation to help inform race day decision-making.
Deloitte will help to further embed circularity, the concept of eliminating waste and maximizing resources through reuse and recycling, into McLaren’s sustainability mission. This will support the business to advance towards its net zero targets without compromising performance. Deloitte and McLaren will also look to leverage GreenSpace Tech by Deloitte, a newly-launched offering that connects organizations with new and existing technologies and ecosystems that can help accelerate their decarbonization efforts.
Deloitte has a strong track record of helping organizations define a path to a more sustainable future through its global practice, Deloitte Sustainability & Climate, offering integrated sustainability and climate change services.
The announcement comes just after the release of McLaren’s second annual Sustainability Report on Thursday 18 May, which reports on progress made in 2022 and outlines McLaren’s sustainability priorities going forward.
Matt Dennington, Executive Director, Partnerships & Accelerator, McLaren Racing, said:
“We are delighted to extend our long-standing relationship with Deloitte. As a key collaborator in our sustainability journey, Deloitte supports our desire to explore opportunities to accelerate our progress.
“In Formula 1 we have both the responsibility and the opportunity to develop innovative solutions to make a positive impact on the fight against climate change. Our ambitions with Deloitte will push for tangible innovation in circularity, finding solutions that can make our team, sport and the wider world, more sustainable.”
Jennifer Steinmann, Deloitte Global Sustainability & Climate Practice Leader, said:
“In order to achieve the goals of the Paris Agreement, every sector of society—including sports—must rapidly accelerate climate action in the near-term. At Deloitte, we are looking forward to building upon our successful collaboration with McLaren Racing to help facilitate its transition to a more circular, sustainable future.
“Deloitte’s sustainability and climate specialists will work with McLaren Racing to research and develop the concept for a fully circular F1 car. By prioritizing sustainability and performance, McLaren Racing is playing an important role in shaping the future success and growth of the sport.”