Ferrari
ESRS disclosure
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- Provide a detailed breakdown of your total revenue, as reported in your financial statements, categorized by significant ESRS sectors. Ensure this information aligns, to the extent possible, with the segment reporting required under IFRS 8 Operating Segments.
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Question Id: SBM-1_07
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: 30%
- Provide a detailed account of your organization's involvement in the fossil fuel sector, specifically addressing the following aspects: Does your strategy, business model, or value chain include activities related to the exploration, mining, extraction, production, processing, storage, refining, or distribution of fossil fuels, including coal, oil, and gas? If so, disclose the associated revenues, ensuring a breakdown of revenues from coal, oil, and gas. Additionally, report any revenues from Taxonomy-aligned economic activities related to fossil gas, as stipulated under Article 8(7)(a) of Commission Delegated Regulation 2021/2178.
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Question Id: SBM-1_10
In 2024, no amendments to Ferrari strategy and business model occurred.
Report Date: 4Q2024Relevance: 20%
- Provide a detailed disclosure of your company's strategy, business model, and value chain, specifically focusing on the key elements that relate to or impact sustainability matters. Indicate if your company is active in the fossil fuel sector, including coal, oil, and gas. This should include a breakdown of revenues derived from each of these sources. Additionally, disclose the revenues derived from Taxonomy-aligned economic activities related to fossil gas, as stipulated under Article 8(7)(a) of Commission Delegated Regulation 2021/2178.
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Question Id: SBM-1_14
In 2024, no amendments to Ferrari strategy and business model occurred.
Report Date: 4Q2024Relevance: 10%
- Does the undertaking's general strategy, business model, and value chain include activities related to the cultivation and production of tobacco, and if so, what are the associated revenues?
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Question Id: SBM-1_19
In 2024, no amendments to Ferrari strategy and business model occurred.
Report Date: 4Q2024Relevance: 10%
- Provide a detailed account of your organization's sustainability-related goals, specifically addressing significant groups of products and services, customer categories, geographical areas, and relationships with stakeholders, as they pertain to the key elements of your general strategy, business model, and value chain.
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Question Id: SBM-1_21
Ferrari aims to achieve profitable growth by pursuing strategies such as low volumes and controlled growth, regular new model introductions and enhancements, pursuing excellence in racing, and controlled growth in adjacent luxury and lifestyle categories. The strategy focuses on maintaining a leading position in the luxury performance sports car market while enhancing and protecting the value and exclusivity of the Ferrari brand. The organization is committed to sustainability, aiming for Carbon Neutrality by 2030, and emphasizes stakeholder interests and views, especially clients, investors, and regulators. The strategy includes exceeding expectations, being the employer of choice, proactively fostering best practice governance, reducing environmental footprint, and creating and sharing value with the community.
Report Date: 4Q2024Relevance: 65%
- Provide an assessment of your current significant products and/or services, as well as significant markets and customer groups, in relation to your sustainability-related goals, as part of the disclosure requirement SBM-1 concerning your strategy, business model, and value chain.
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Question Id: SBM-1_22
Ferrari's current product portfolio includes seven Range models, three Special Series models, one limited edition Icona model, and one Supercar model. The company targets clients seeking high-performance cars with distinctive design, state-of-the-art technology, and outstanding driving dynamics. Clients are divided into two main categories: the 'Sports Car Driver' and the 'Pilot.' Ferrari's markets are clustered into Europe, Middle East and Africa (EMEA), Americas, Mainland China, Hong Kong and Taiwan, and Rest of Asia-Pacific (APAC). The organization is engaged in after-sales activities and offers retail client financing through Ferrari Financial Services (FFS).
Report Date: 4Q2024Relevance: 60%
- Provide detailed information regarding the key elements of your general strategy that relate to or impact sustainability matters. This should include any main challenges anticipated, critical solutions or projects planned, and their relevance to sustainability reporting.
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Question Id: SBM-1_23
Ferrari's strategy includes achieving Carbon Neutrality by 2030, focusing on environmental and social considerations, and ensuring a just transition to low-carbon production. The organization emphasizes stakeholder interests and views, aiming to exceed expectations, be the employer of choice, and foster best practice governance. Challenges include maintaining brand value and exclusivity while expanding into new markets and lifestyle categories. Solutions involve technological innovation, strategic partnerships, and enhancing employee skills. Sustainability reporting is integrated into these strategic elements to ensure transparency and responsibility.
Report Date: 4Q2024Relevance: 90%
- Has the undertaking, based in an EU Member State that permits an exemption from disclosing information as per Article 18, paragraph 1, sub-point (a) of Directive 2013/34/EU, utilized this exemption? If so, provide the list of ESRS sectors deemed significant for the undertaking, notwithstanding the omission of revenue breakdown by significant ESRS sector as stipulated in paragraph 40(b).
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Question Id: SBM-1_24
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: 50%
- Provide a comprehensive description of your business model and value chain, as mandated by Disclosure Requirement SBM-1, under the Strategy, Business Model, and Value Chain section.
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Question Id: SBM-1_25
Ferrari is a one-segment company with a business model composed of three dimensions: Sports Cars, Racing, and Lifestyle. Each dimension corresponds to a group of products with material impacts. The sports cars contribute to the Carbon Neutrality aspiration, and the commercial strategy ensures flexibility for clients. The value chain includes upstream and downstream activities, with inputs such as raw materials and components, and outputs represented by products and services. The business model emphasizes compliance with regulatory standards and strategic partnerships with key suppliers.
Report Date: 4Q2024Relevance: 85%
- Provide a comprehensive description of your business model and value chain, specifically detailing the inputs utilized and the methodologies employed in gathering, developing, and securing these inputs.
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Question Id: SBM-1_26
Ferrari's inputs include financial capital, intellectual capital, human capital, infrastructural capital, social-relational capital, and natural capital. Financial capital ensures proper functioning and value distribution. Intellectual capital involves expertise and innovative solutions, protected through investments in research and development. Human capital includes workforce characteristics and skills, supported by training and development. Infrastructural capital encompasses physical assets managed by dedicated departments. Social-relational capital involves stakeholder relationships. Natural capital includes raw materials and components sourced through strategic partnerships with suppliers.
Report Date: 4Q2024Relevance: 85%