GSBS, the independent sustainability rating organisation, named Formula E top in four of the five award categories for sustainable performance from amongst the world’s leading elite sporting organisations, published in its annual report this week.
The report included a comprehensive analysis of 55 of the most influential organisations in the sports industry, including: FC Barcelona, Manchester City FC, Real Madrid, the Premier League, Formula 1, NFL, WWE, Chicago Bulls, Boston Celtics, NY Yankees, Los Angeles Lakers, and UFC.
The GSBS assessment drew from nearly 500 organisations worldwide invited to participate in the initial assessment – including motorsport, football, tennis, American football, baseball, basketball, ice hockey, handball, and contact sports – representing the highest levels of Corporate, Environmental, Social and Governance (CESG) activity across professional sports. For the full report, visit GSBS Report.
Formula E was awarded Best Total Performance 2023 (jointly with Borussia Dortmund) for the second year running and was ranked highest in Best Corporate Performance, Best Social Performance, and Best Governance Performance.
Formula E also built on further success in the third edition of the SChI™, being crowned the most sustainable global motorsport for the third consecutive year.
The SChI™, an initiative run by Enovation Consulting, supported by University College London, assesses the sustainable performance of 106 motorsport championships. Assessments are carried out against six key markers of sustainability: Certifications, accreditations and awards, environmental criteria, social criteria, engagement and partnerships, and approaches to sustainability.
The ABB FIA Formula E World Championship significantly outperformed its competitors, securing four prestigious cups and clinching the leading position in the Index, surpassing the FIA Formula One World Championship.
The SMI is presently the only global performance system that measures publicly disclosed sustainability practices against the United Nation’s Sustainable Development Goals and the ESG framework in motorsports.
Julia Pallé, Vice President, Sustainability, Formula E said: “We are proud to keep raising the bar in the global standard for sustainability in sport. Sustainability has been at the core of our championship since its inception, and we are determined to build on our commitment and capabilities year after year.
“Topping the charts once again reinforces that entertainment and sustainability can coexist without compromise. We urge the sports industry to continue working towards the highest level of sustainable operations and to use their influence to engage fans on the collective mission to combat climate change and social progress in line with the UN Sport 4 Climate action framework.”