F1 teams told they must work to improve governance and transparency

The report by the Standard Ethics group has concluded that F1 teams need to make clear their position and goals on environmental, social and governance issues, with only three of the 10 on the grid currently having a publicly stated code of ethics. “It is very, very important to see a long-term commitment to sustainability. They were talking about all major sustainability issues but I would like to see more from the other teams.”. In their report, teams were assessed on whether they publish a code of ethics, the quality of reporting of ESG issues, whether they have a human rights policy and whether they disclose environmental targets. They did this by analysing the information each team has published in the public domain. However outside of the three teams cited the lack of a published code of ethics and of an ESG reporting system meant governance and transparency was lacking.

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