The Formula 1 team, McLaren Racing has penned down an extension with the British multinational company, Deloitte.
As per the extension, Deloitte will continue to be the official transformation partner of the racing team from the 2023 season.
McLaren Racing 🤝 @Deloitte— McLaren (@McLarenF1) May 24, 2023
We are proud to announce a multi-year extension to our partnership with Deloitte, continuing as the Official Transformation Partner of the McLaren Formula 1 Team from the 2023 season.
Both British entities have come into alliance since 2020 and are aiming and working together to improve the operations and performance of the F1 team. This includes capturing and analyzing data to optimize car performance and applying digital twin simulation to help inform race day decision-making.
Furthermore, the multi-national company will assist the team to work on terminating waste and use the resources with the help of reuse and recycling. This will assist the racing company in moving closer to its net-zero objectives without jeopardising its performance. Deloitte and McLaren will also make use of GreenSpace Tech by Deloitte, a recently created service that links businesses with ecosystems and new and current technologies that can help them accelerate their decarbonization initiatives.
The news follows the release of McLaren’s second annual Sustainability Report on May 18, which details the company’s sustainability targets moving ahead and provides an update on the previous year’s progress.
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, commented, “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.
She further stated, “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.”
Founded in 1845, and headquartered in London, Deloitte assists organisations in redefining their strategy, integrating sustainability into their operations, adhering to legal and disclosure obligations, and accelerating organisational transformation. It helps organisations to significantly integrate sustainability into decision-making and operations through creative methods, digital technologies, extensive industry knowledge, and lessons gained from its path.