According to latest reports, global motorsports was worth 0.4% of Global GDP; there were more than 800 race circuits, more than 70 Global motorsport events and on an average more than 80 million viewers saw each Formula 1 race. These figures speak volumes about the reach and impact created by motorsport around the World. In the recent past, media and the government have been increasing their focus on sustainability with new and shocking findings coming out each day. Awareness has been generated, environmental laws have been passed and punishments have been given out, all in the hope of reducing energy consumption and wastage. Motorsport is an extensive user of resources, especially fossil fuels for propulsion and with increasing awareness of environmental issues; it stands to lose the following of its fans if they realize the weight that motorsport transfers to the Earth’s load. Sustainability as a concept encompasses a wide range of fields and often it’s meaning gets lost in transition. The definition used most commonly calls it ‘meeting the needs of the present without compromising the ability of future generations to meet their own needs’. This definition can hold true only if the Triple Bottom Line i.e. economic, social and environmental sustainability concepts are considered. Without even one of these, no company, product or service will be able …show more content…
The legislation has also taken account of these findings and new laws, which impact a variety of industries, have been passed. The End of Life Vehicle directive requires manufacturers of automobiles to take full responsibility of their vehicles even when they finish their useful life, which means that they have to make sure that the materials are recycled in some form or the other. However these laws affect mass industries more. Motorsport being a niche industry escapes the effects of such