YOKOHAMA, Japan – 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 reducing 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.