Diversity foundation launched, Carey gives $1m

Date published: June 25 2020

Chase Carey Australian GP pa

F1 has today launched a new foundation to help people from underrepresented groups. To kickstart it, Chase Carey has donated £1million.

The announcement comes shortly after the launch of the We Race As One campaign, which will include various visual displays of support at every race weekend and the formation of a Task Force aimed at improving diversity in the sport. Today’s statement included further details on said Task Force.

“We announced earlier this week we will be establishing a Task Force to listen and identify the right initiatives required to increase diversity and inclusion across Formula 1,” the official announcement read.

“The Task Force will be established over the next few months and will include input from the drivers and teams, as well as external diversity and inclusion experts.”

“The Task Force will be specifically focused at identifying the employment and education opportunities for under-represented groups across Formula 1, including STEM careers, and the required actions to address these findings.”

The sport has now revealed that along with introducing the Task Force, they have also set up a diversity foundation. The purpose of it is to finance internships, apprenticeships and other opportunities to groups currently underrepresented on the grid.

The start-up funding totals $1million and comes solely from a personal donation from chairman and CEO, Chase Carey.

“We fully recognise that Formula 1 needs to be more inclusive and diverse. While we set out our strategy last year to improve the position of our sport, we need, and want, to do more,” he said.

“That is why we will establish a Task Force to listen and ensure the right initiatives are identified to increase diversity in Formula 1. We want to ensure we give people from all backgrounds the best chances to work in Formula 1 regardless of their gender, ethnicity, sexual orientation, or physical abilities.

“We are therefore also taking the initial step of creating a foundation to support key educational and employment opportunities across Formula 1 that will give under-represented talent the chance to work in this incredible sport and build an exciting career.”

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