The automotive industry is undergoing a profound transformation driven by increasing regulatory pressure, electrification, digitalisation, and the integration of sustainability into corporate strategies. Within this context, this thesis analyses Formula 1 as a laboratory for innovation and value creation, with particular attention to the impact of the 2026 FIA regulations on the strategies and performance of racing teams. The research adopts a mixed qualitative and quantitative approach. The qualitative analysis examines teams’ adaptation strategies, technological investments, industrial partnerships, and environmental, social, and governance initiatives. The quantitative analysis focuses on growth, profitability, financial soundness, operational efficiency, and value creation, while also integrating, where possible, ESG indicators and shareholder value measures related to the listed industrial groups connected to Formula 1. For this purpose, an ESG-SV (Environmental, Social and Governance–Shareholder Value) framework is developed to assess the relationship between ESG maturity, strategic adaptability, and economic and financial performance. The results show that there is no automatic or linear relationship between sustainability and value creation. Some teams display a greater degree of consistency between ESG maturity, strategic preparedness, and economic performance, while in other cases investments associated with the transition are already evident, but their economic returns remain largely prospective. Overall, the analysis confirms Formula 1’s role as a privileged environment for testing technologies, capabilities, and organisational models, highlighting how value creation ultimately depends on companies’ ability to transform innovation and sustainability into economically sustainable competitive advantages. Keywords: Formula 1; automotive industry; sustainability; ESG; FIA 2026; innovation; shareholder value; economic and financial performance.
L’industria automotive sta attraversando una profonda trasformazione, determinata dalla crescente pressione regolamentare, dall’elettrificazione, dalla digitalizzazione e dall’integrazione della sostenibilità nelle strategie aziendali. In questo contesto, la presente tesi analizza la Formula 1 come laboratorio di innovazione e creazione di valore, con particolare attenzione agli effetti della nuova regolamentazione FIA 2026 sulle strategie e sulle performance delle scuderie. La ricerca adotta un approccio misto qualitativo e quantitativo. L’analisi qualitativa esamina le strategie di adattamento dei team, gli investimenti tecnologici, le partnership industriali e le iniziative ambientali, sociali e di governance. L’analisi quantitativa considera invece crescita, redditività, solidità finanziaria, efficienza operativa e capacità di generare valore, integrando, ove possibile, indicatori ESG e misure di shareholder value dei gruppi industriali quotati collegati alla Formula 1. A tale scopo viene sviluppato il framework ESG-SV (Environmental, Social and Governance–Shareholder Value), volto a mettere in relazione maturità ESG, capacità di adattamento strategico e performance economico-finanziaria. I risultati mostrano che non emerge una relazione automatica e lineare tra sostenibilità e creazione di valore. Alcune scuderie presentano una maggiore coerenza tra maturità ESG, preparazione strategica e risultati economici, mentre in altri casi gli investimenti legati alla transizione risultano già osservabili ma i relativi ritorni economici rimangono prevalentemente prospettici. Nel complesso, l’analisi conferma il ruolo della Formula 1 come ambiente privilegiato di sperimentazione di tecnologie, competenze e modelli organizzativi, evidenziando come la creazione di valore dipenda dalla capacità delle imprese di trasformare innovazione e sostenibilità in vantaggi competitivi economicamente sostenibili. Parole chiave: Formula 1; automotive; sostenibilità; ESG; FIA 2026; innovazione; shareholder value; performance economico-finanziaria.
La transizione sostenibile nel settore automotive: la Formula 1 come laboratorio di innovazione e creazione di valore
LACARPIA, ROBERTA
2025/2026
Abstract
The automotive industry is undergoing a profound transformation driven by increasing regulatory pressure, electrification, digitalisation, and the integration of sustainability into corporate strategies. Within this context, this thesis analyses Formula 1 as a laboratory for innovation and value creation, with particular attention to the impact of the 2026 FIA regulations on the strategies and performance of racing teams. The research adopts a mixed qualitative and quantitative approach. The qualitative analysis examines teams’ adaptation strategies, technological investments, industrial partnerships, and environmental, social, and governance initiatives. The quantitative analysis focuses on growth, profitability, financial soundness, operational efficiency, and value creation, while also integrating, where possible, ESG indicators and shareholder value measures related to the listed industrial groups connected to Formula 1. For this purpose, an ESG-SV (Environmental, Social and Governance–Shareholder Value) framework is developed to assess the relationship between ESG maturity, strategic adaptability, and economic and financial performance. The results show that there is no automatic or linear relationship between sustainability and value creation. Some teams display a greater degree of consistency between ESG maturity, strategic preparedness, and economic performance, while in other cases investments associated with the transition are already evident, but their economic returns remain largely prospective. Overall, the analysis confirms Formula 1’s role as a privileged environment for testing technologies, capabilities, and organisational models, highlighting how value creation ultimately depends on companies’ ability to transform innovation and sustainability into economically sustainable competitive advantages. Keywords: Formula 1; automotive industry; sustainability; ESG; FIA 2026; innovation; shareholder value; economic and financial performance.| File | Dimensione | Formato | |
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https://hdl.handle.net/20.500.14239/36821