Formula 1 Reports On Sustainability And Social Progress Across 2024 Season

Returning for the 2025 season and 75th anniversary year this weekend, the Formula 1 sport has released a round-up on the progress made towards its sustainability and social commitments last year. In the form of 2024 Impact Report, which will be released later this year, the progress made towards its sustainability and social commitments with Net Zero as the goal for 2030, the Formula 1 sport has – on the environmental front – made significant investments in Sustainable Aviation Fuel (SAF) as part of its ultra-efficient logistics strategy. 
It has invested significantly in SAF as it delivers an estimated 80 percent reduction in associated carbon emissions per flight compared to the use of conventional aviation fuel. The combined investment in SAF with Global Partners DHL and Qatar Airways reduced total related emissions by more than 8,000 tCO2e (tonnes of carbon dioxide equivalent), an approximate 19 percent reduction in related emissions– compared to traditional aviation fuel – for the air freight charter programme operated by Formula 1 across the flyaway events of the 2024 season.
The delivery of innovative low-carbon energy generation systems using renewable sources such as hydrotreated vegetable oil (HVO), biofuel, solar panels, and battery began testing in 2023. Last year, they were used at the Red Bull Ring, the Hungarian Grand Prix and the Italian Grand Prix in Monza. For the 2025 season, a programme will be rolled out to reduce more than 90 percent of carbon emissions at all European Grands Prix in key areas such as the Paddock, Pit Lane, and Event Technical Centre. 
As part of the sport’s ongoing efforts to reduce carbon emissions associated with travel and logistics, improvements were made to the geographical flow of races around the world in 2024. This included agreement from the Promoter in Japan to move the Suzuka race back from September to April to fit with the Asia Pacific segment of the schedule, while Azerbaijan took its slot to align with Singapore. The organisers of the Qatar Grand Prix also approved a move to the penultimate spot in the schedule, back-to-back with Abu Dhabi. From 2026 the Canadian Grand Prix will be hosted earlier in the year and the Monaco Grand Prix will take place on the first full weekend in June, consolidating the European leg of the F1 season into one period, removing an additional transatlantic crossing and delivering significant associated carbon reductions. 
Last year, F2 and F3 cars ran on 55 percent Aramco advanced sustainable fuel and the FIA medical and safety cars operated on 40 percent of it. In 2025, the F2 and F3 cars will move to 100 percent use of it, ahead of the Formula 1 cars adopting the fuels in 2026 in the new hybrid engines that will take to the circuit next year. 
The technology has implications for the automotive industry and existing petrol cars, as the fuel developed by Formula 1 will be a ‘drop-in’ that can be used in road cars without modification and will serve as a sustainable alternative of global benefit. 
Throughout the 2024 season, the cars all operated with FSC approved Pirelli tyres, which means the natural rubber in the type complies with the FSC’s strict standards for sustainable forestry. Some 80 percent of promoters powered aspects of their events using alternative energy sources such as solar panels, green tariffs, and biofuels. Over 90 precent of promoters began offering greener ways to travel to the race.
On the social commitments front, the Formula 1 sport – in 2024 season – marked the fourth year of its F1 Engineering Scholarships programme, which would support 50 underrepresented students by the end of 2025. The Scholarship covers the entire cost of the student’s tuition, together with living expenses for the full duration of their degree, enabling them to focus on their studies. It also offers them support to set them up for their careers, including work experience with one of the ten Formula 1 teams, as well as career workshops and mentoring. 
Formula 1 also launched the global education programme ‘Learning Sectors’ in collaboration with the British Council to inspire young learners in Brazil, India, South Africa, and the UK to pursue STEM subjects. The year long programme kicks off this year with 130,000 students in 700 schools. 
F1 Academy, the sport’s female-only series, competed alongside Formula 1 at seven events last year, completing 21 races. Through F1 Academy’s partnership with the international karting series, Champions of the Future, female participation in racing increased from five percent in 2023 to 25 percent in 2024. 
The sport also continued with hosting apprenticeships and workshops, such as The Next Grand Prix challenge in association with the Social Mobility Business Partnership (SMBP) charity, which challenges students aged between 16 and 18 from a breadth of backgrounds to assume a business leadership role and deliver a fictional bid for a new Formula One World Championship location. 
Ellen Jones, Head of ESG at Formula 1, said, “Innovation and community drove Formula 1's work in 2024. We are thrilled to outline our progress and continued work in this space. Formula 1 as a sport is uniquely positioned to take action through our global reach and technological leadership.”
 
 
 

Hyundai Motor India Foundation Launches Samarth UnnATi Start-Up Programme

Hyundai India Foundation

The Hyundai Motor India Foundation, the corporate social responsibility (CSR) arm of Hyundai Motor India, has launched Samarth UnnATi in association with the AssisTech Foundation in Gurugram.

The initiative provides grant support of INR 7.5 million to assist startups developing assistive technology solutions for persons with disabilities. It focuses on capacity building, mentorship, investor linkages and market access.

Gopalakrishnan C S, Trustee, Hyundai Motor India Foundation, said, “At Hyundai, we believe that accessibility and innovation are powerful enablers of inclusion and progress. Through ‘Samarth by Hyundai’, we are committed to creating opportunities that empower persons with disabilities to participate more independently and confidently in society. The Samarth UnnATi – AT start-up scaleup program is an important step towards strengthening Assistive Technology ecosystem by supporting innovators who are developing impactful solutions to address real-world accessibility challenges. Through our partnership with AssisTech Foundation, we aim to accelerate the adoption of assistive technologies and help build a more inclusive society.”

Prateek Madhav, CEO and Co-Founder, AssisTech Foundation (ATF), said, “By 2050, the need for assistive products in the global population is estimated to increase to 3.5 billion (UNICEF Global Report on Assistive Technology). To reach this breadth, innovation cannot be a standalone phenomenon. It must be nurtured, deployed at scale and reach the people who need it the most. Samarth UnnATi is the engine that drives this, bringing together these largely disparate efforts toward a more cohesive approach.”

Cars24 Labs Partners Startup Policy Forum For AI Innovation

Cars24 - Startup Policy Forum

Cars24 Labs has announced a partnership with the Startup Policy Forum to collaborate on AI policy, industry engagement and AI adoption in India.

The partnership involves Cars24 Labs contributing to Startup Policy Forum initiatives through policy discussions, founder engagements, industry dialogues and global immersion programmes, sharing practical learnings from deploying AI across Cars24 operations.

Vikram Chopra, Builder, Cars24, said, "At Cars24, we've always believed that the best way to understand AI is to build with it. Cars24 Labs was created with that mindset, and we've learned a great deal from putting AI into real products used by millions. Partnering with Startup Policy Forum gives us an opportunity to share those learnings, learn from others, and contribute to the conversations that will shape how India builds and adopts AI in the years ahead."

Shweta Rajpal Kohli, President & CEO, Startup Policy Forum, said, "Cars24 has been a valued member of SPF, and we've worked closely with them on several policy initiatives that matter to India's new economy. Being among the most AI-forward startups in our country, Cars24 is doing some incredible work on AI adoption and innovation. We're excited to partner with Cars24 Labs. It's deeply aligned with our mission of bridging the gap between India and global AI ecosystems, enabling cross-border collaborations, and encouraging AI adoption by Indian companies."

N.A.N. MagneTech To Establish INR 12.5 Billion Rare Earth Magnet Facility In Andhra Pradesh

N.A.N. MagneTech

N.A.N. GreenMet, the critical minerals and advanced manufacturing platform founded by Navin Agarwal (Vice Chairman, Vedanta), has launched N.A.N. MagneTech to establish a Neodymium-Iron-Boron (NdFeB) magnet manufacturing facility at the Naidupeta Industrial Park in Andhra Pradesh.

The company has earmarked an investment of INR 12.5 billion in Phase I to build an initial capacity of 1,200 tonnes per annum, with a long-term target of 10,000 tonnes per annum.

It expects commercial production to begin in Q1 2028, generating annual revenues of INR 12 to INR 15 billion. The facility will integrate oxide processing, metal and alloy production, sintered magnet manufacturing and closed-loop recycling.

The project has secured feedstock supply arrangements with an Australian rare earth producer and executed off-take agreements with domestic automotive original equipment manufacturers. Technical development is led by Dr. John Ormerod, Dr. Masato Sagawa and Dr. Gaurav Shukla.

Navin Agarwal, Founder & Chairman, N.A.N. GreenMet, said, “The industries shaping the future will be defined by those who control advanced materials and manufacturing technologies. At N.A.N. GreenMet, we are building a globally competitive industrial enterprise that strengthens India’s manufacturing capabilities in strategically important sectors. N.A.N. MagneTech is an important milestone in that endeavour, bringing world-class technology to establish a domestic rare earth magnet ecosystem that supports the country’s long-term industrial growth”.

Dr. John Ormerod, Chairman of the Technology Board, N.A.N. MagneTech, added, "We are bringing the most advanced Japanese process technology to India, covering the complete oxide-to-magnet ecosystem. Backed by a secured feedstock strategy and closed-loop recycling, this platform is engineered to deliver consistent, world-class quality."

Tata Sierra.ev - N Console

European technology company N-Dream has brought its AirConsole gaming platform to India through a collaboration with Tata Motors Passenger Vehicles and KPIT Technologies, with the marked debut on the Sierra.ev SUV.

AirConsole is integrated into the vehicle's connected services pack and the Arcade App, utilising the vehicle's display setup. Passengers connect smartphones as controllers by scanning a QR code on the screen. The initial launch brings approximately 15 games, including Kaun Banega Crorepati. The in-vehicle gaming technology will be exclusively available on the Sierra.ev for a period of four months, before it can be made available on other models and brands.

Anthony Cliquot, CEO, N-Dream / AirConsole, said, "India is one of the fastest-growing automotive markets in the world. Experiencing the Sierra.ev's launch event in Mumbai where AirConsole was so prominently featured, made our team proud. To see our gaming platform in the vehicle alongside other premium offerings, was a clear testament of how entertainment and passenger experiences are becoming paramount for consumer choice. TMPV is moving at a pace that few in this market can match right now, and this partnership with AirConsole will enable gaming to be part of that momentum."

Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility, said, "The Sierra has always been an icon, and with the Sierra.ev, we have elevated that legacy for an electric era. Bringing AirConsole's in-car gaming experience to the Sierra.ev redefines what connected, immersive technology can add to the ownership experience. As the first vehicle in India to offer this capability, we are delighted to partner with AirConsole to deliver an entirely new dimension of entertainment and engagement for our customers."

Pushpahas Joshi, EVP at KPIT Technologies & Board Member at N-Dream, said, “KPIT is very excited to bring AirConsole to India. This is going to be the first among several launches that will enhance consumer experience in the Cockpit of the future. AirConsole is a category creating product loved by more than 4 million car owners worldwide. As part of its strategy towards futuristic Products & Solutions, AirConsole became part of KPIT family in November 2023. Since then, KPIT has enabled AirConsole to expand outside Europe -into Asia and USA. I am very sure, that, owners of Tata cars & their families will enjoy the cool In-car gaming experience with AirConsole”