Launched in December 2020, Accelerate 25 is our five-year programme to make our team even more diverse and inclusive, expressing our determination to do better and enable us to embed EDI at the heart of our team.
We have pledged to continuously improve our efforts to attract and retain diverse talent, with an ambition to exceed 25% of all new team members coming from under-represented groups every year from 2020 until the end of 2025.
We believe that a more diverse and inclusive team will make us faster on the track and inspire others in our industry and beyond. We are working to deepen our understanding, develop our processes, provide education opportunities, raise awareness and improve the accessibility of Formula One to those from under-represented backgrounds.
By embedding EDI in all that we do, we believe we will access new talent pools and unlock enhanced innovation, productivity and performance.
Over three years into Accelerate 25, we are proud to report a steady increase, year on year, in the proportion of our team who are female or from minority ethnic groups.
Without compromising our standards for entry or quality, we have consistently exceeded our target of 25% of new hires from under-represented groups since 2021.
As part of Accelerate 25, we are proud to partner with organisations that share our values and support initiatives that create opportunities for under-represented groups to consider careers in Formula One and STEM more widely.