CSR: Formula One Group enters a sustainability-focused partnership with Banco Santander (ESP, bank)

Banco Santander has entered into a collaboration agreement with Formula One Group for three years (2022-2025) "to promote various sustainability initiatives that contribute to the sustainable development in the automotive industry," announced the Spanish banking group on 12/07/2022. As part of this partnership, the two entities are to launch a competition "that will challenge entrepreneurs to create sustainable solutions for the future."

"The 'Countdown to Zero' competition, which will be judged by a panel including F1 personnel, marks the beginning of a partnership that will also leverage F1 social media and digital reach in conjunction with Santander to promote wider sustainability initiatives. The six winning projects will receive prizes totalling €120,000. as well as access to Santander X 100, the global community of top Santander X entrepreneurial projects. The winners will also have their projects promoted on F1 social media and digital platforms," said the body.

This partnership builds on Formula One Group's commitments to achieve carbon neutrality for all of its operations…