MILAN — Pirelli has extended its presence in Formula 1 as the sport’s global tire partner through 2027.
There is also the additional option, from the FIA and FOM, to prolong the partnership for a further season. This latest agreement, set in motion with the technical dossier received from the FIA in June, has been ratified by the FIA World Motor Sport Council and nominates Pirelli as the sole supplier for Formula 1, as well as the Formula 2 and Formula 3 championships.
“We’re delighted to extend or presence in Formula 1 and its other related championships,” Marco Tronchetti Provera, Pirelli executive vice president said. “Pirelli was there when Formula 1 was born in 1950, and with this latest renewal, the firm will now be a protagonist throughout nearly two decades of the modern Formula 1 era.
“Thanks to the impetus from Liberty Media and the support of the FIA, the sport is enjoying an extraordinary period of growth both in terms of audience and global expansion, increasing its following among younger generations as well. Innovation and technology are locked into Pirelli’s DNA, and Formula 1 constitutes the ultimate open air laboratory to not only try out and test new technical solutions, but also to accelerate fresh research, development, and production processes in making tires,” Tronchetti Provera continued.
“I would also like to thank everyone at Pirelli for their passionate commitment and the quality of their work over the years, which will continue as we extend this partnership together. Our commitment to sustainability is equally strong, as proved by the FSC certification that will be introduced to our F-1 tires from next year. Being at the forefront of motorsport’s pinnacle until at least 2027 adds another important value dimension to our company.”
By the end of this latest contract (including the possible extension), Pirelli will have supplied Formula 1 for 18 consecutive years, having opened its most recent chapter in 2011.
In addition, Pirelli supports the environmental sustainability targets set by Formula 1, as the sport has pledged to be Net Zero Carbon by 2030.
As a further demonstration of Pirelli’s sustainability work, starting in 2024, all tires used in F-1 events will be FSC-certified (Forest Stewardship Council).
FSC forest management certification ensures full traceability of forest based materials along the supply chain and confirms that the plantations of the forest-based components of the tires are managed in a way that preserves biological diversity and brings benefits to the lives of local communities and workers, while fostering economic sustainability.