In F1 2020, players can customize their team logo, which can then be used in the "My Team" mode. How do you do that? Let's go through the process, step by step.
To get started, head to the main game menu. From there, head to the "Personalization" tab and click on the "Badges" link. Another way to customize your team logo is to start a new "My Team" file and create a new badge while creating your brand.
Once you have selected one of these two options, click on the "Create New" option (X on Xbox One / PC) at the bottom of the screen. The game will then present you with a series of background shapes and emblems. Players can also change the logo's colors, as well as the tint. If you want to change your logo after it's created, go back to the "Badges" tab and then press the Edit button (X on Xbox One / PC).
Background shapes (Screenshot from F1 2020)Emblems (screenshot from F1 2020)Unfortunately, just like your driver's customization options in F1 2020, you are limited in what shapes and emblems you can add to your logo. Players cannot add their own custom image to the game, but there are still many predefined shapes and emblems to choose from.