think i'll go puke now... https://www.formula1.com/en/information/modern-slavery-statement-2023-2024.4mcgtZeZKAJ7GAyMppY0VU
This statement is made in accordance with section 54 of the Modern Slavery Act 2015. It is made on behalf of Formula One Topco Limited and each of its UK subsidiaries, being Formula One Management Limited, Formula One World Championship Limited, Formula One Hospitality and Event Services Limited, Formula One Marketing Limited, Formula One Marketing II Limited, Formula Motorsport Limited, Formula One Research, Engineering and Development Limited, Formula One Digital Media Limited, Delta 3 (UK) Limited, Alpha Prema UK Limited, SLEC Holdings Limited, Beta Holdings Limited, Formula One Administration Limited and F1 Academy Limited (Formula 1 Companies or we) and has been approved by their respective boards of directors.
This statement confirms that during 2023/2024, we have continued following our last financial year (ending 31 December) to take steps to identify and combat the risk of modern slavery and human trafficking occurring in our business activities and supply chains and that no incidents have arisen.
Since our 2022/2023 statement we have continued following our due diligence procedures (as detailed below) and have worked to increase the awareness of modern slavery and human trafficking risks across the business through training and communication. Over the course of the next year, we will continue to review and enhance our procedures as set out in this statement.
Our business
The Formula 1 Companies hold the exclusive commercial rights to the FIA Formula One World Championship (Championship), the FIA Formula 2 Championship (F2) and the FIA Formula 3 Championship (F3).
The Championship is an annual, approximately 9 month long, motor racing competition in which teams compete for the Constructor’s Championship and drivers compete for the Driver’s Championship. It is a global series which in 2024 is currently scheduled to take place in 21 countries, over 5 continents.
The F2 and F3 championships provide their participating teams and drivers with first-hand experience of racing in the Grand Prix environment, together with opportunities to develop driving and engineering skills, showcase their talents and gain exposure to the Championship.
In 2023, Formula 1 launched an all-female driver category, the F1 Academy. The aim of the series is to maximise the opportunity and potential of young female drivers to reach the highest level in motorsport and to provide young talent currently in go-karting or other junior categories with access to the fundamental level of experience needed before joining the pyramid to Formula 1.
We employ approximately 740 members of staff, the majority of whom are based in the UK. We also outsource the provision of a range of goods and services to partners and suppliers across the world who are involved in the organisation of the Championship, F2, F3 and the F1 Academy season racing events.
Risk assessment
We assess the risk of modern slavery and human trafficking in our supply chains on an ongoing basis and are particularly mindful of the heightened risk in the areas of circuit labour (which is selected and contracted by a third party local promoter or operator), labour at our own premises, the production of F1 branded merchandise (which is commissioned and produced by third party licensees and sponsors) and the production of uniforms, workwear and equipment used in our own workplaces.
Our policies
We are committed to guarding against modern slavery risks globally throughout our operations and to assessing the potential impacts of our activities. This commitment is underpinned by our Human Rights Statement and the Formula 1 Code of Conduct (Code), the Formula 1 Supplier Code of Manufacturing Standards (Supplier Code), and the Formula 1 Supplier Sustainability Code of Conduct (Sustainability Code).
The Code supports our commitment to conduct business ethically, sustainably, with integrity and to the highest standards, including by guarding against modern slavery. All our staff are required to adhere to the Code, attest to it annually and report any violation they become aware of.
The Supplier Code summarises the steps Formula 1 takes to honour its commitment to ensure that its manufacturing supply chains are free from human rights and modern slavery abuses. It also sets out the standards we expect the suppliers and licensees of F1 branded products (and the subcontractors in the supply chain) to observe and the measures we expect them to implement to ensure compliance with internationally recognised human rights laws, statutes, conventions and regulations.
The Sustainability Code highlights to our suppliers, licensees and other partners the high priority that we place on environmental, social and ethical (ESG) issues when procuring products and services for our operations. It outlines the core values and sustainability requirements, including commitment to diversity and inclusion in the workforce and fostering good relations with local communities, that we expect our suppliers to demonstrate throughout their operations.
We universally commit to respect internationally recognised human rights in our agreements with third parties. In 2023, we continued to review and update our bespoke contractual provisions which prohibit the use of forced and child labour, human trafficking and unsafe working conditions in our circuit related contracts and impose specific obligations on relevant product licensees and sponsors relating to the manufacturing process.
Our standards
In 2022, we issued our first F1 Race Promoter Sustainability Guide setting out guidance for our local promoters to deliver more sustainable events by 2025. Throughout 2023, we worked with promoters towards achieving our 2025 goals. One of the sustainability goals focuses on local community engagement recommending that promoters build partnerships, including with local charities, to give local people greater access to our events and drive positive benefits for local business and communities. In 2024, we will continue working with promoters on achieving these goals as well as develop our next iteration of guidance which will apply post 2025.
In 2023, we continued our regular modern slavery and health and safety risk briefing programme for travelling staff visiting existing and new high-risk sites. After each visit the staff are asked to report their observations and concerns. In 2024, we will continue the programme.
In 2023, the FIA Formula One World Championship, Formula 2 Championship and Formula 3 Championship earned ISO20121: 2012 Event Sustainability Management System- a certification in relation to planning of events. The standard provides a robust framework to help us identify and manage the social, economic and environmental impacts of our events which can then be improved or mitigated through continuous improvement processes. The accreditation process included an assessment of the key ESG risks and our mitigation measures in place relating to several areas including human rights, supply chains, ethical sourcing, employee wellbeing and employment practices. Our compliance with the standard will be assessed on an ongoing basis through standard continuation audits.
Supply chain due diligence
In order to identify modern slavery and human trafficking risks in our supply chains we conduct risk-based due diligence on relevant third parties before we enter into new or renewed contractual arrangements. Factors we take into account when considering the level of due diligence required include the nature of the services being provided, the industry and the geographic location of the counterparty and such services.
High-risk areas in our supply chain
In respect of potential high-risk areas, we proactively engage with our relevant partners and suppliers to ensure that circuits are constructed ethically and in accordance with relevant labour laws and that our branded products are sourced responsibly. We issue supplementary questionnaires on modern slavery and human trafficking which probe issues such as our counterparties’ internal policies and procedures, due diligence, ethical audits and whistleblowing mechanisms, risk assessment, supply chain mapping and working conditions.
As part of our ongoing monitoring programme, we continue to conduct risk assessments of our race jurisdictions which include assessing modern slavery and human trafficking risks. We achieve this through document based due diligence and regular reconnaissance trips.
In 2023, we conducted enhanced due diligence monitoring of construction works at two circuit sites through our own due diligence procedures and through the use of a business intelligence investigations specialist who conducted on-site assessments and interviews and provided detailed reporting and evaluation of identified modern slavery and human trafficking risks. Consequently, we engaged with the local promoters to address any reported deficiencies or, as appropriate, enhance the measures they had in place to mitigate against any identified risks.
We continue to maintain records of our procedures to reflect accurately and in detail our activities in relation to modern slavery due diligence and external monitoring intelligence. These records will be used in 2024 to help assess, refine and improve our strategy for mitigating modern slavery and human trafficking risks.
Working groups
In 2023, we engaged with our broadcast community on the topic of modern slavery to share best practice and review potential methods to expand our ways of working together.
In 2023, the Supply Chain & Sustainability Review Group consisting of representatives from procurement, sustainability, compliance and finance met quarterly to discuss the implementation of our sustainability and ethical sourcing policies and procedures across our supply chains.
As a result of the growing popularity of the sport and subsequent growth of F1 branded products and promotional merchandise, in 2024, we formed a Sustainability & Licensing Working Group which brought together representatives from licensing, sustainability, compliance and the legal team. The group meets monthly to implement enhanced ethical sourcing and sustainability procedures in respect of our licensing partnerships. The enhanced processes will aim to deliver early engagement with prospective licensees on ethical sourcing and sustainability issues including early communication of our expected standards, close cooperation between compliance and sustainability during the third-party due diligence stage and ensuring that appropriate contractual clauses are included in our licensing agreements. As part of the revised procedures, we will seek to facilitate consistent dialog with the licensing partners during the lifetime of a contract to continue reassessing the agreed standards to ensure they always meet best practice for ethical and sustainable sourcing.
Throughout 2024, we will continue engaging with our relevant partners and suppliers to help them develop a greater awareness of Formula 1’s ethical values and to share best practice.
Training and awareness
We train all relevant staff to identify modern slavery and human trafficking risks to which they may be exposed.
During 2023, we continued conducting face to face training sessions on the Code which include a component on human rights, modern slavery and human trafficking with references to the areas of heightened risks and the steps we take across the business to mitigate against these risks. All new joiners and current staff are required to complete the training. In addition, all staff have completed (and new joiners are required to complete) our interactive e-learning module which includes scenario-based education on modern slavery issues. In 2024, we will enhance our training programme by circulating to our staff bite size training memos dedicated to different risks affecting our business. We will use this tool to continue raising awareness of modern slavery and human trafficking risks in our operations and supply chains.
Our security team also issues travel security briefs prior to every Championship race event with detailed advice tailored to each race location to guide and support our travelling staff, and to offer an added layer of situational awareness, including in relation to any relevant human rights risks. In 2024, we will continue issuing these security briefs and aim to enhance them by highlighting any applicable modern slavery risks.
In 2024, as part of our ongoing efforts to enhance engagement with our suppliers on matters of ethical and sustainable sourcing, we will provide training to our procurement team to increase their understanding and practical knowledge of modern slavery and sustainability risks so they are better equipped to recognise, assess and address those risks across different procurement categories.
Members of our compliance, sustainability, procurement teams continue to play an important role in raising risk awareness within the business and ensuring that ethical considerations are given due weight in our business partnerships and procurement activities.
Over the course of 2024/2025, we will continue to provide information, training and guidance to staff on modern slavery and human trafficking across our business operations.
Reporting concerns
We encourage our staff to speak up about any concerns, including issues relating to human rights or modern slavery. It is possible to do so anonymously through our 24-hour hotline “Speak up”. We publicise the facility on our intranet, in our policies, in offices and via our Code training.
Performance indicators
To assess the impact of the steps we have taken to combat the risks of modern slavery and human trafficking in our operations and supply chains, we track the following key performance indicators:
• Ensure that 100% of all new staff are introduced to the topic of modern slavery through training.
• Ensure that 100% of all staff complete their mandatory training.
• Ensure that 100% of all staff complete their annual Code re-attestation.
• Ensure that modern slavery due diligence checks and assessment are undertaken on all relevant partners, licensees and suppliers.
• Ensure that in our contracts, where appropriate, we include specific prohibitions against the use of forced and child labour, human trafficking and unsafe working conditions.
• Ensure that construction of circuits in high-risk jurisdictions is subject to enhanced monitoring for modern slavery and human trafficking risks.
• Ensure that cross-functional working groups meet regularly to continue reviewing and enhancing our ethical and sustainable sourcing procedures.
• Ensure that all reported incidences of modern slavery in our operations and supply chains are responded to and addressed.
Signed by Sacha Woodward Hill, Director
For and on behalf of Formula One Topco Limited, Formula One Management Limited, Formula One World Championship Limited, Formula One Hospitality and Event Services Limited, Formula One Marketing Limited, Formula One Marketing II Limited, Formula Motorsport Limited, Formula One Research, Engineering and Development Limited, Formula One Digital Media Limited, Delta 3 (UK) Limited, Alpha Prema UK Limited, SLEC Holdings Limited, Beta Holdings Limited, Formula One Administration Limited and F1 Academy Limited.
2022/2023 statement
2021/2022 statement
2020/2021 statement
2019/2020 statement
2018/2019 statement
2017/2018 statement
2016/2017 statement
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