Formula One - What Does It Stand For?

Two weeks ago I talked about what makes a Formula One car, but today I wanted to take a look at what makes the organization itself. The FIA, the body responsible for F1 policy decisions, makes these decisions with clear goals and outcomes in mind that I feel it worth discussing and examining.

Firstly, policy around the state of the cars. Formula One vehicle policies are made with a mind for entertaining, fast-paced and close races. Specifications are made carefully to ensure that cars are operating within close margins of each other. Future guidelines for the sport are drastically altering the design of cars to ensure that it is easier for racers to catch up to each other, demonstrating a commitment to tight matches with high levels of variance second by second.

F1 also has another set of policies, though. The FIA has stated a commitment to maintaining human rights standards, bridging the gender pay gap, and keeping their business partners accountable to the use of modern slavery practices. This along with their declaration of being carbon neutral by 2030 shows an engagement with social issues and movements not seen by many groups or companies.

For further reading: F1 Human Rights Statement, F1 Modern Slavery Statement