The McLaren Racing Formula One Team announced on Tuesday that they have entered into a multi-year partnership with investment bank Goldman Sachs.
With a shared belief that sustainability includes addressing social, environmental and economic impacts as we transition to an inclusive net-zero economy, Goldman Sachs and McLaren will be using their combined expertise to drive change faster in McLaren’s journey to a more sustainable future. McLaren aims to halve its GHG footprint by 2030 on a 2019 baseline and achieve net zero by 2040 in line with the UN Sports for Climate Action initiative and Race to Zero campaign.
This partnership announcement follows the news that McLaren Racing has been awarded the FIA three-star Environmental Accreditation for the ninth year running, after becoming the first Formula 1 team to receive this recognition back in 2013.
Speaking about the news, McLaren Racing CEO Zak Brown commented saying:
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.
Fiona Carter, CMO of Goldman Sachs commented saying:
“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.”
Goldman Sachs branding will appear on the MCL36 cars from the British Grand Prix.