McLaren F1 team partners with Goldman Sachs

Deal built around pursuit of McLaren's net zero goals.

McLaren F1 team partners with Goldman Sachs

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McLaren Racing has announced Goldman Sachs Group, the global financial institution, as an official partner of its Formula One team for the 2022 season and beyond.

The multi-year partnership includes a commitment to accelerate progress towards McLaren’s net zero goals. Goldman Sachs provide its expertise to drive faster change faster in McLaren’s journey to a more sustainable future, with the racing outfit aiming to half its greenhouse gas footprint by 2030 and achieve net zero by 2040.

This partnership announcement follows the news that McLaren Racing has been awarded the FIA three-star environmental accreditation for the ninth year running, after becoming the first Formula One team to receive this recognition back in 2013. 

Goldman Sachs branding will be carried on the McLaren Formula One cars from the 2022 British Grand Prix.

“We’re thrilled to partner with Goldman Sachs, a global institution that shares McLaren Racing’s own values in recognising the importance of sustainability,” said Zak Brown, McLaren Racing chief executive.

“As we work to achieve our bold long-term goals, Goldman Sachs’ support will provide an invaluable boost in fast-tracking our progress.

“Goldman Sachs will be a key partner in our sustainability journey, and we look forward to collaborating to make a positive contribution to our team, communities, and the wider world.”

Fiona Carter, chief marketing officer of Goldman Sachs, added: “Goldman Sachs and McLaren share an ambition to accelerate progress for the fans, our clients and in our communities. Together we’re excited to see what’s possible when we push our collective technical and intellectual expertise to the limit.”