The Mercedes AMG PETRONAS F1 Team announced on Wednesday that Irish insulation company Kingspan has been named as a team partner. The announcement will see the two company’s collaborate in a global sustainability partnership.
Breaking new ground for Formula One, Kingspan will chair a Sustainability Working Group for the team. The working group’s remit will be to draw together expertise from diverse fields to contribute to the team’s objective of pioneering new approaches and technologies for emissions reduction in motorsport.
Speaking about the news, Toto Wolff, Team Principal, CEO and co-owner of the Mercedes AMG PETRONAS F1 Team commented saying:
We are delighted to welcome Kingspan to our team both as a Team Partner and to chair our new Sustainability Working Group. To find a company whose ambitions to deliver carbon reduction and sustainable solutions in their industry that match our own so exactly is a real opportunity for both partners. We are making good progress in transforming our company to operate more sustainably but the ability to share expertise, resources and inspiration with Kingspan through our new Sustainability Working Group will really help to accelerate change and awareness within our team, and hopefully our sport.Toto Wolff
Gene Murtagh, CEO of Kingspan Group said:
Two of the great challenges of our age are decarbonising transport and decarbonising the built environment. Kingspan and the Mercedes-AMG Petronas F1 Team share a determination to rise to these challenges through technology, innovation and teamwork. I am excited about bringing that message to an audience of 500 million Formula One fansGene Murtagh