Saturday, July 20, 2024

Deloitte and McLaren Racing announce a multi-year partnership extension

McLaren Racing 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.

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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 analysing data to optimise car performance and applying digital twin simulation to help inform race day decision-making.

Deloitte will help embed circularity, the concept of eliminating waste and maximising 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 organisations with new and existing technologies and ecosystems that can help accelerate their decarbonisation efforts.

Deloitte has a strong track record of helping organisations define a path to a more sustainable future through its global practice, Deloitte Sustainability & Climate, offering integrated sustainability and climate change services.

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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, it 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 positively impact the fight against climate change. Our ambitions with Deloitte will push for tangible innovation in circularity, finding solutions to make our team, sport and the wider world more sustainable.

Jennifer Steinmann, Deloitte Global Sustainability & Climate Practice Leader, said:

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 look 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 prioritising sustainability and performance, McLaren Racing plays an important role in shaping the future success and growth of the sport.

The post Deloitte and McLaren Racing announce a multi-year partnership extension appeared first on Paddock Magazine.