![]() ![]() Kevlar and Carbon fibre composite monocoqueĭouble wishbones, push-rod actuated torsion bar springs, and telescopic shock absorbers, anti-roll barĭouble wishbones, pushrod actuated coil springs over telescopic shock absorbers, anti-roll barįerrari Tipo 036 3.5 L (213.6 cu in), 65° V12, NA, mid-engine, longitudinally mounted Furthermore, it supports several other popular sports in Europe and Latin America.John Barnard (Technical Director) (initial design) It currently sponsors Spain’s LaLiga Santander and the Conmebol Libertadores. Besides F1, the bank is also a major promoter of European and Latin American football competitions. This year, the FIA awarded Ferrari the three-star environmental accreditation.īanco Santander had already played a part in Formula 1 from 20, enjoying a successful partnership with Scuderia Ferrari from 2010. Scuderia Ferrari is streamlining its logistics with lower transportation weight, bans on single-use plastics and other measures. F1 aims to unveil in 2026 the new Formula 1 engine – the second-generation hybrid power unit – which will be carbon neutral and powered by advanced sustainable fuel. We believe Formula One with its innovations and technological developments will benefit our industry and ultimately society as a whole.”įor 70 years, F1 and its teams’ investments have served as a test bed for several technological developments from aerodynamics to brake design, which has helped the car industry reduce CO 2 emissions. Since 2014, F1 cars have become 50% more fuel efficient. We look forward partnering with them to deliver our key objective of becoming carbon neutral by 2030. John Elkann, chairman of Ferrari, said: “It’s an honour to team up again with a global financial institution like Santander, which is committed to responsible banking and has shown leadership in renewable energy finance and ESG (environmental, social and governance) advisory services all around the world. ![]() Our new partnership with Ferrari will accelerate our common progress.” Santander is fully committed to tackling climate change, and as Europe’s leading provider of auto finance, we are determined to help the auto industry as it goes green. ![]() Furthermore, its car financing operations in Europe (Santander Consumer Finance), the USA (Santander Consumer USA) and other markets are supporting the development of sustainable mobility solutions.Īna Botín, executive chairman of Santander, said: “We are very excited to work with Ferrari again, and support them in the green transition. The bank has also been carbon neutral in its own operations since 2020 and is committed to achieving net zero carbon emissions in all its lending, advisory and investment activities by 2050. ![]() Its investment banking arm, Santander CIB, has dedicated teams that advise clients on their green transition. In 2020, Santander was the world’s leading bank in renewable energy finance. 23 grand prix have been confirmed for 2022, with several taking place in the bank’s largest markets. Formula 1 aims to become net zero by 2030.
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