Ferrari
ESRS disclosure
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- Provide a detailed account of the activities undertaken by your organization that lead to material positive impacts, specifying the types of consumers and end-users who are positively affected or could potentially benefit. Include whether these impacts are associated with your operations, value chain, products, services, or business relationships. Additionally, indicate if these positive impacts are concentrated in particular countries or regions.
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Question Id: S4.SBM-3_05
Ferrari engages clients through exclusive events and initiatives, fostering long-term relationships. The company evaluates client satisfaction through surveys at different stages of ownership, aiming to enhance the driving experience and safety. These activities are associated with operations, products, and services, and are not specified to be concentrated in particular countries or regions.
Report Date: 4Q2024Relevance: 65%
- Provide a comprehensive description of any material risks and opportunities that arise from impacts and dependencies on consumers and end-users, as required under ESRS 2 SBM-3. Confirm whether all consumers and end-users likely to be materially impacted by your undertaking, including those affected through your operations, value chain, products, services, and business relationships, are encompassed within the scope of your disclosure.
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Question Id: S4.SBM-3_06
Consumers and end-users of the Ferrari Group have been included in the scope of the disclosure under ESRS 2. Risks and opportunities arising from impacts and dependencies on consumers and end users relate to all Ferrari consumers and end users.
Report Date: 4Q2024Relevance: 60%
- Has the undertaking developed an understanding of how consumers and/or end-users with specific characteristics, or those utilizing particular products or services, may be at an increased risk of harm, as outlined in the materiality assessment of ESRS 2 IRO-1? Please disclose whether and how this understanding has been achieved, in accordance with ESRS 2 SBM-3 regarding material impacts, risks, and opportunities and their interaction with the strategy and business model.
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Question Id: S4.SBM-3_07
No consumer and end user has been addressed as consumers with particular characteristics that may be at greater risk of harm.
Report Date: 4Q2024Relevance: 30%
- Identify and disclose any material risks and opportunities that arise from impacts and dependencies on consumers and end-users, specifying if these relate to particular groups of consumers or end-users, such as specific age demographics, rather than the general consumer base.
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Question Id: S4.SBM-3_08
No consumer and end user has been addressed as consumers with particular characteristics that may be at greater risk of harm.
Report Date: 4Q2024Relevance: 50%
- Provide a detailed description of the significant groups of products and/or services offered by your company, including any changes in the reporting period such as new or removed products and/or services, as part of the key elements of your general strategy that relate to or affect sustainability matters.
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Question Id: SBM-1_01
Within our sports car line-up, our offer comprises four main pillars: Range, Special Series, Icona and Supercar. Our current product portfolio includes seven Range models, three Special Series models, one limited edition Icona model and one Supercar model. We also produce limited edition One-Off cars from time to time. In 2024, we launched three new models: 12Cilindri, 12Cilindri Spider, and F80. Our diversified product offering may include different architectures, engine sizes, technologies, body styles and seats. We target end clients seeking high performance cars with distinctive design, state-of-the-art technology and outstanding driving dynamics to maximize driving emotions. Our broad product portfolio is designed to fulfill the strategy of “different Ferrari for different Ferraristi, different Ferrari for different moments”, which means being able to offer a highly differentiated product line-up that can meet the varying needs of current and new customer segments (in terms of sportiness, comfort, on-board space and design, amongst others) and that can allow our existing clients to use a Ferrari in various moments of their lives.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed description of the significant markets and/or customer groups your company serves, including any changes that occurred during the reporting period, such as new or removed markets and/or customer groups. This information should align with the key elements of your general strategy that relate to or affect sustainability matters, as per Disclosure Requirement SBM-1 concerning Strategy, Business Model, and Value Chain.
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Question Id: SBM-1_02
Our markets are clustered into: (i) Europe, Middle East and Africa (“EMEA”), (ii) Americas, (iii) Mainland China, Hong Kong and Taiwan and (iv) Rest of Asia-Pacific (“APAC”), which represented respectively 45.1 percent, 29.1 percent, 8.4 percent and 17.3 percent of unit shipped in 2024.
Report Date: 4Q2024Relevance: 60%
- Provide the total number of employees, categorized by geographical areas, as part of the disclosure requirement for Strategy, Business Model, and Value Chain (SBM-1), detailing key elements of the general strategy related to sustainability matters.
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Question Id: SBM-1_03
On December 31, 2024, we had a total of 5,435 employees, including 170 managers and senior managers. Of these employees, 5,088 were based in Italy (primarily at our Maranello facility) and 347 were based in offices around the world (including 24 managers and senior managers), mostly in North America and China.
Report Date: 4Q2024Relevance: 25%
- Provide the total headcount of employees, categorized by geographical areas, as part of the disclosure requirement under SBM-1 concerning the key elements of your general strategy that relate to or affect sustainability matters.
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Question Id: SBM-1_04
On December 31, 2024, we had a total of 5,435 employees, including 170 managers and senior managers. Of these employees, 5,088 were based in Italy (primarily at our Maranello facility) and 347 were based in offices around the world (including 24 managers and senior managers), mostly in North America and China.
Report Date: 4Q2024Relevance: 25%
- Provide a detailed description of any products and services that are prohibited in specific markets, as part of the key elements of your general strategy related to sustainability matters, in accordance with Disclosure Requirement SBM-1.
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Question Id: SBM-1_05
No Ferrari product or service is banned in any market.
Report Date: 4Q2024Relevance: 50%
- Provide a detailed breakdown of the total revenue, as reflected in your financial statements, categorized by significant ESRS sectors. If segment reporting is included in your financial statements as per IFRS 8 Operating Segments, ensure this sector revenue information is reconciled with the IFRS 8 data to the greatest extent possible.
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Question Id: SBM-1_06
As long as the sector specific ESRS are not available, Ferrari will not be able to disclose the breakdown of total revenue by significant ESRS sector.
Report Date: 4Q2024Relevance: 20%