Team to offset its carbon footprint using UAE-based software company’s platform
YOKOHAMA, Japan (08 November 2023) – Nissan Formula E Team is delighted to announce a partnership with Coral for the upcoming 2023/24 ABB FIA Formula E World Championship. The UAE-based software company specializes in offsetting carbon emissions by using blockchain technology, bringing transparency and verification to carbon credit markets.
The relationship with Coral is the next step in Nissan Formula E Team’s pledge to reduce its carbon emissions, following its award of the FIA 3 Star Environmental Accreditation in 2022. While the auto manufacturer is pioneering electric mobility, it is also scrutinizing its environmental impact and looking to accelerate improvements in green technologies in the motorsport world.
The team recognizes the importance of sustainability and the need for innovations in environmental management. Coral’s commitment to transparency made them an ideal partner for Nissan Formula E Team’s environmental initiatives. To reinforce its commitment, Nissan Formula E Team and Coral will use a Greenhouse Gas Protocol and Science Based Standards framework to accurately assess the carbon footprint of the racing team and will implement a robust credit scheme, providing full transparency on the squad’s carbon offset.
The goal for the partnership is to combine Nissan Formula E’s vast reach with Coral’s transparent and efficient platform, in order to increase awareness of the impact of carbon credits, directly contributing to global decarbonization and a cleaner future.
The Coral logo will appear on both the Nissan Formula E Team cars throughout Season 10.
Tommaso Volpe, managing director and team principal, Nissan Formula E Team: “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.”
Daniele Sileri, Founder and Head of Strategy, Coral: “We welcome the partnership and participation from Nissan Formula E Team,. This is an example to individuals and corporations that everyone should be able to take meaningful action in tackling climate change.”
About Nissan in Formula E
Nissan made its all-electric racing debut in Season 5 (2018/19) of the ABB FIA Formula E Championship, becoming the first and only Japanese manufacturer to enter the series.
In Season 7 (2020/21), Nissan announced its long-term involvement in Formula E and its commitment to the Gen3 era, which will run from Season 9 (2022/23) through to the end of Season 12 (2025/26) of the all-electric racing series.
In April 2022, Nissan acquired the e.dams race team, with the Japanese automaker taking full ownership of its involvement in the ABB FIA Formula E World Championship.
In June 2022, Nissan announced it would supply its Nissan EV powertrain technology to McLaren Racing for the entirety of the Formula E Gen3 era.
For Season 10 of the ABB FIA Formula E World Championship, the Nissan Formula E drivers will be Oliver Rowland and Sacha Fenestraz.
Nissan races in Formula E to bring the excitement and fun of zero-emission electric vehicles to a global audience. As part of its goal to achieve carbon neutrality across its operations and the life cycle of its products by 2050, Nissan intends to electrify every all-new vehicle offering by the early 2030s in key markets. The Japanese automaker aims to bring its expertise in transferring knowledge and technology between the racetrack and road for better electric vehicles for customers.
About Coral
Coral is bringing clarity and trust to carbon markets. The Coral platform provides a simple and transparent solution to make environmental responsibility through carbon offsetting actionable by everyone. By ensuring complete transparency in the origin, certification, provenance and verification of each carbon credit and its environmental impact, Coral instils trust in market participants.
More Information: Coral.Li
About Formula E
The ABB FIA Formula E World Championship became the first global sport to be certified with a net zero carbon footprint from inception back in 2020, having invested in certified climate-protecting projects in all race markets to offset emissions from every season of electric racing.
All cars in the championship are powered by electricity, with the series acting as a competitive platform to test and develop the latest in electric technology.
The World’s greatest manufacturers race against each other on street circuits and Formula E promotes the adoption of sustainable mobility in city centres in a bid to combat air pollution and lessen the effects of climate change.