Ferrari
ESRS disclosure
Tags Tree
- Has the undertaking identified any greenhouse gas (GHG) removal activities within its own operations or value chain that have been converted into carbon credits and subsequently sold on the voluntary market? If applicable, provide details of such activities in accordance with Disclosure Requirement E1-9, ensuring alignment with the qualitative characteristics of useful information as outlined in ESRS 1 Appendix B.
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Question Id: E1-7_09
As of today, Ferrari has not developed GHG removals and storage projects.
Report Date: 4Q2024Relevance: 80%
- Provide the total amount of carbon credits, measured in metric tonnes of CO2 equivalent, that are outside the undertaking's value chain, verified against recognized quality standards, and cancelled during the reporting period, as required by Disclosure Requirement E1-7 on GHG removals and GHG mitigation projects financed through carbon credits.
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Question Id: E1-7_10
During 2024, we cancelled 77,691 tCO2eq of carbon credits.
Report Date: 4Q2024Relevance: 85%
- Provide the total amount of carbon credits, measured in metric tonnes of CO2 equivalent, that are planned to be cancelled in the future outside the undertaking's value chain. Indicate whether these credits are based on existing contractual agreements.
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Question Id: E1-7_11
As of today, Ferrari has not developed GHG removals and storage projects.
Report Date: 4Q2024Relevance: 20%
- Does the undertaking disclose the extent to which it utilizes carbon credits, and specify the quality criteria employed for these credits, in accordance with Disclosure Requirement E1-9? This inquiry pertains to the financing of GHG emission reduction projects outside the undertaking's value chain through the purchase of high-quality carbon credits, as outlined in paragraphs 56(b) and 59, and in relation to GHG emission reduction targets under Disclosure Requirement E1-4.
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Question Id: E1-7_12
During 2024, we cancelled 77,691 tCO2eq of carbon credits. Verified Carbon Standard (VCS) - Verra 100%.
Report Date: 4Q2024Relevance: 85%
- Provide the date when carbon credits outside the value chain are planned to be cancelled, as per Disclosure Requirement E1-9, which addresses anticipated financial effects from material physical and transition risks and potential climate-related opportunities. Ensure that the information aligns with the qualitative characteristics of useful information as outlined in ESRS 1 Appendix B. Utilize the specified tabular formats for presenting this data.
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Question Id: E1-7_19
As of today, Ferrari has not developed GHG removals and storage projects.
Report Date: 4Q2024Relevance: 20%
- Provide a detailed explanation of the scope, methodologies, and frameworks applied in achieving your net-zero target, as disclosed alongside gross GHG emission reduction targets in accordance with Disclosure Requirement E1-4, paragraph 30. Additionally, describe how you intend to neutralize residual GHG emissions, following a reduction of approximately 90-95%, with allowances for justified sectoral variations aligned with a recognized sectoral decarbonisation pathway. Include information on the role of GHG removals within your operations and throughout your upstream and downstream value chain.
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Question Id: E1-7_20
As of today, Ferrari has not developed GHG removals and storage projects.
Report Date: 4Q2024Relevance: 20%
- Has the undertaking made public claims of GHG neutrality involving the use of carbon credits? If so, provide an explanation.
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Question Id: E1-7_21
We recognize the critical importance of addressing residual emissions by supporting certified carbon avoidance projects through the purchase of carbon avoidance credits. By combining emission reduction measures with climate contributions to certified carbon avoidance projects, we have achieved Carbon Neutrality for Scope 1 and 2 GHG emissions in all our operations for 2021, 2022, and 2023.
Report Date: 4Q2024Relevance: 90%
- Has the undertaking made public claims of GHG neutrality involving the use of carbon credits, and if so, how are these claims accompanied by GHG emission reduction targets as mandated by Disclosure Requirement ESRS E1-4?
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Question Id: E1-7_22
We recognize the critical importance of addressing residual emissions by supporting certified carbon avoidance projects through the purchase of carbon avoidance credits. By combining emission reduction measures with climate contributions to certified carbon avoidance projects, we have achieved Carbon Neutrality for Scope 1 and 2 GHG emissions in all our operations for 2021, 2022, and 2023. As our planned reduction initiatives continue to drive a sustained decrease in emissions by at least 90 percent of our Scope 1 and 2 absolute CO2eq emissions by 2030 versus 2021, we will progressively adjust our climate contribution activities accordingly.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed explanation of how any public claims of GHG neutrality, which involve the use of carbon credits, do not impede or reduce the achievement of your company's GHG emission reduction targets or, if applicable, its net zero target.
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Question Id: E1-7_23
As our planned reduction initiatives continue to drive a sustained decrease in emissions by at least 90 percent of our Scope 1 and 2 absolute CO2eq emissions by 2030 versus 2021, we will progressively adjust our climate contribution activities accordingly.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed explanation of whether and how any public claims of greenhouse gas (GHG) neutrality, which involve the use of carbon credits, are supported by GHG emission reduction targets. Additionally, clarify how these claims of GHG neutrality and the reliance on carbon credits do not hinder or diminish the achievement of GHG emission reduction targets or the net zero target.
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Question Id: E1-7_24
As our planned reduction initiatives continue to drive a sustained decrease in emissions by at least 90 percent of our Scope 1 and 2 absolute CO2eq emissions by 2030 versus 2021, we will progressively adjust our climate contribution activities accordingly.
Report Date: 4Q2024Relevance: 60%