McLaren announce partnership with Great Barrier Reef Foundation, Mombak and UNDO to fight climate change with large-scale projects. McLaren is committed to becoming net zero by 2040 and aims to reduce emissions by 90 per cent. The company has partnered with the Great Barrier Reef Foundation to work on coral reef restoration. McLaren also agreed to buy carbon removal credits from Brazilian startup Mombak and Scottish firm UNDO to achieve its net zero goal. Under their deal with McLaren, Mombak will deliver carbon removals from 2023 through 2025 at an average price of over $50 per metric ton. McLaren did not disclose the total amount of investment in their Climate Contribution Programme. Mombak, whose backers include Bain Capital and AXA, recently raised a $US100 million fund with support from CPPIB and the Rockefeller Foundation to build carbon removal projects in the Amazon. McLaren’s deal with Mombak is expected to pave the way for the growth of Brazil’s nascent carbon removal industry. Meanwhile, McLaren F1 driver Valtteri Bottas raised $US150,000 for men’s health charity Movember. An initial run of 10,000 “Bottass 2024” calendars featuring photos of the driver’s backside sold out and earned five euros from each sale for prostate cancer research. Bottas said the calendar idea was inspired by a picture captured by his partner, Australian cyclist Tiffany Cromwell, and that the calendar benefited a greater cause.
