Nissan Formula E team agree carbon offsetting partnership with Coral

UAE-based software company specialises in offsetting emissions through blockchain technology.

The Nissan Formula E team have signed a carbon offsetting partnership with Coral.

Confirmed:

  • The UAE-based software company specialises in offsetting emissions through blockchain technology
  • Parties will collaborate on accurately assessing the carbon footprint of the team to implement a robust credit scheme
  • The goal of the partnership is to increase awareness of the impact of carbon credits

Context:

The Nissan Formula E team were awarded three-star environmental accreditation by the International Automobile Federation (FIA) in 2022. This partnership will combine a greenhouse gas protocol and a science-based standards framework in order to provide full transparency of the outfit’s carbon offsetting.

Comment:

Tommaso Volpe, managing director and team principal, Nissan Formula E Team, said: “For both Nissan and Nissan Formula E Team, sustainability is of vital importance. We have recently renewed our FIA 3 Star Environmental Accreditation and are always looking for the next step to reduce our emissions. That's why we are delighted to team up with Coral.

“When it came to choosing a partner to achieve our carbon neutrality goal, we wanted to make sure the trackability of our carbon offset is as accurate as possible. Coral’s CO2 offset is met through the most advanced innovation and is achieved in a bulletproof way. We're looking forward to developing our relationship with Coral and working together for a greener future.”

Coming next:

Formula E returns in 2024 with its season-opening race in Mexico City on 13th January.

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