As well as combating issues of inequality, F1 has also acknowledged the need for sustainability to secure its future.
“Our first race in Austria at the start of July is a big moment for our sport after nearly four months of no racing,” F1 CEO Chase Carey said of the announcement.
“While it is an important moment for the Formula 1 community it is also a time to recognise the issues that are bigger than any one sport or country.
“The #WeRaceAsOne initiative we have launched today, in support of the #PurposeDriven Movement launched by the FIA last week, is our way of saying thank you to the bravery and unity everyone around the world has shown during this unprecedented time.
“It will also be a platform for Formula 1 to come together and achieve results against the most important issues facing us as a sport and the world.
“That is why at our first race in Austria, Formula 1 will stand united to say loud and clear that racism must end.
“We will show our full support in fighting inequality throughout the weekend and accelerate our own efforts to make Formula 1 more diverse and inclusive.
“As a global sport we must represent the diversity and social concerns of our fans, but we also need to listen more and understand what needs to be done and get on with delivering.”