Banco Santander returns to Formula 1 hand in hand with the Ferrari team. This was announced by the bank itself this Tuesday in a statement in which it assures that it will have a relevant presence in the car, the race suit that Carlos Sainz and Charles Leclerc will wear and the cap. In addition, he states that he will advise the team on the goal of becoming carbon neutral by 2030.
It should be remembered that this is not the first time that Banco Santander has entered Formula 1 . They were already part of the championship from 2007 to 2017 and signed an alliance with Ferrari since 2010. In addition to Formula 1, Santander is also one of the main soccer sponsors in Europe and Latin America.
Back together again! 🤝
We are pleased to announce that, as from next season, @bancosantander will be back with us as a team Premium Partner. We can’t wait! https://t.co/wmou3eeVn6#essereFerrari 🔴 pic.twitter.com/ea2iHRHm2F
— Scuderia Ferrari (@ScuderiaFerrari) December 21, 2021
It is currently the main sponsor of the Santander League in Spain and one of the main sponsor of the Conmebol Libertadores. Santander also collaborates with multiple popular sports in its markets in Europe and America.
Formula 1 is one of the sports with the largest number of followers in the world. It has a cumulative audience of 1,500 million in 2021, according to Nielsen, of which about half is in the bank’s markets in Europe (Spain, United Kingdom, Germany, France, Italy, among others) and America (Brazil, Mexico, U.S).
For the next year of 2022 , 23 Grand Prixes have been confirmed and several will take place in the main markets of Santander. Santander was in 2020 the world’s leading bank in financing renewable energy and its investment banking business (Santander CIB) has teams specialized in advising large clients on their green transition.
The entity has also been carbon neutral in its activity since 2020 and has the ambition to achieve net zero emissions for all its clients’ emissions derived from any of the financing, advisory or investment services offered by Santander in 2050. In addition, the businesses from the car finance bank in Europe (Santander Consumer Finance), the United States (Santander Consumer USA) and other markets are supporting the development of sustainable mobility solutions.
The president of Banco Santander , Ana Botín, confessed that she is “very excited” to work with Ferrari again and support them in their ‘green’ transition. “Santander is committed to fighting climate change and, as the leading car financier in Europe, we want to help make the automotive industry sustainable. This alliance with Ferrari will accelerate the development of both companies in this area ”, he commented.
For his part, the president of Ferrari, John Elkann , declared that it is an “honor” to have as a partner a global financial leader such as Banco Santander , which also “stands out for its responsible banking, its global leadership in financing renewable energy and advising on ESG projects (environmental, social and corporate governance factors) ».
“We thank you for your support in achieving our priority goal of achieving carbon neutrality by 2030. The great innovations and technological advances of F1 are carried over to the entire industry, benefiting society as a whole,” he added.
For 70 years, Formula 1 and the investment of the teams have served as a test bed for some technological advances, from aspects of aerodynamics to the design of the brakes, which has enabled the automotive sector to combat carbon emissions.
Since 2014, the fuel efficiency of Formula 1 cars has improved by 50%. In 2026, it plans to introduce the new Formula 1 engine (second generation hybrid power unit), which will be carbon neutral and will carry advanced sustainable fuel.
Ferrari is streamlining racing logistics operations with less weight in transport and the elimination of single-use plastics, among other things. This year, Scuderia Ferrari achieved the FIA three-star Environmental Accreditation.
