Photo: Photo: FIA Formula E
Formula E announced this past Monday (5), in London, United Kingdom, that it has met PAS 2060 compliance – the only internationally recognized certification for contributing to carbon neutrality.
The electric car class is already the first sport in the world to be certified Net Zero Carbon* from the ground up and join the Science Based Targets initiative, committing to reducing championship emissions by 45% by 2030 (with the rule set for season five in 2019).
ABB Formula E has already achieved a 24% reduction in absolute range 1, 2 and 3 emissions, although it continues to grow and run a record number of races.
Published by the British Standards Institution (BSI), PAS 2060 allows organizations to demonstrate that their carbon neutrality claims are credible and verified to increase consumer accountability and confidence.
The international standard provides guidance on how to measure, reduce and offset greenhouse gas (GHG) emissions in business-related areas, as recommended by the United Nations Carbon Reduction Framework.
The main benefits of the PAS 2060 standard are:
It is the only internationally recognized certification for contributing to carbon neutrality.
Guides companies to estimate their carbon footprint and supports subsequent emissions reductions with a 12-month review.
Inclusion of compensation with approved appropriations encourages support for climate finance projects that add social and environmental value.
Enables companies to demonstrate a voluntary and ambitious commitment to climate action.
Julia Ballet, Director of Sustainability at Formula E.
”As an organization, we have always held ourselves to the highest standards in measuring, reducing and offsetting our emissions and this new standard underscores that commitment. This ensures that, as we continue to grow our championships, we also ensure that the 45% reduction in emissions by 2030 is sustainable, accurate and certified to the highest degree.”
This can include efforts to reduce emissions related to activities, products, services, buildings, projects and events. While companies can calculate their emissions, purchase credits, and claim carbon neutrality, the PAS 2060 standard provides a framework for greater accuracy and certification. A robust and complete standard is increasingly important as companies and governments work toward a net-zero world by 2050.
