Ferrari
ESRS disclosure
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- Provide a detailed summary of any modifications to your strategy or business model, or anticipated modifications, that address the interests and views of stakeholders, as required by Disclosure Requirement SBM-2.
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Question Id: SBM-2_09
In 2024, no amendments to Ferrari strategy and business model occurred.
Report Date: 4Q2024Relevance: 50%
- Provide a detailed account of any additional measures being planned, including the timeline for their implementation, in relation to amendments to your strategy and/or business model as per Disclosure Requirement SBM-2 concerning the interests and views of stakeholders.
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Question Id: SBM-2_10
In 2024, no amendments to Ferrari strategy and business model occurred.
Report Date: 4Q2024Relevance: 20%
- Provide a summarized description of any amendments to your strategy and/or business model, specifically indicating whether these steps are likely to modify the relationship with and views of stakeholders.
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Question Id: SBM-2_11
In 2024, no amendments to Ferrari strategy and business model occurred.
Report Date: 4Q2024Relevance: 50%
- Provide a detailed account of whether and how the administrative, management, and supervisory bodies are informed about the views and interests of affected stakeholders concerning the undertaking's sustainability-related impacts.
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Question Id: SBM-2_12
Regarding the engagement by the Board and/or any of its members, the Chairman of the Board shall ensure that the Board is informed at the first appropriate meeting about the developments and significant contents of the engagement that has taken place with the stakeholders.
Report Date: 4Q2024Relevance: 65%
- Provide a concise description of the material impacts, risks, and opportunities identified through your materiality assessment, as per Disclosure Requirement SBM-3. Include details on where these impacts, risks, and opportunities are concentrated within your business model, own operations, and upstream and downstream value chain.
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Question Id: SBM-3_01
The materiality analysis is the process of identifying the topics that are relevant for the Group, based on an assessment of impacts, risks, and opportunities. In 2024, a double materiality analysis was conducted according to the European Sustainability Reporting Standard and related guidelines. The analysis is updated annually based on regulatory developments, business developments, and stakeholder engagement. The table on page 189 shows the link between ESRS topics and Ferrari’s material topics, including climate change, pollution, resource use and circular economy, and various workforce-related topics.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of the significant impacts, risks, and opportunities identified through your materiality assessment. Include information on where these elements are concentrated within your business model, own operations, and throughout your upstream and downstream value chain, as per Disclosure Requirement SBM-3.
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Question Id: SBM-3_02
The significant impacts, risks, and opportunities identified include:
Climate change: Energy consumption and related GHG emissions within the organization (Scope 1/Scope 2) and for upstream and downstream activities (Scope 3) with negative impacts on climate change and the community. These are concentrated in own operations, upstream, and downstream value chains.
Natural resources management: Group’s contribution to pollution due to substances of concern and substances of very high concern, concentrated in own operations.
These impacts are linked to the sustainability strategy pillar of reducing the environmental footprint and are involved in the business dimensions of Sports Cars, Racing, and Lifestyle. The impacted stakeholders include own workforce, affected communities, workers in the value chain, consumers, and the environment.
Report Date: 4Q2024Relevance: 85%
- Provide a comprehensive disclosure detailing the current and anticipated effects of material impacts, risks, and opportunities on your business model, value chain, strategy, and decision-making processes. Include an explanation of how your organization has responded or intends to respond to these effects, specifying any modifications made or planned to your strategy or business model to address specific material impacts or risks, or to capitalize on particular material opportunities.
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Question Id: SBM-3_03
In 2024, no amendments to Ferrari's strategy and business model occurred. The sustainability statement may not include every impact, risk, and opportunity or additional entity-specific disclosure that each individual stakeholder (group) may consider important in its own particular assessment. For more information about the engagement of stakeholders in the process of double materiality, refer to the paragraph 'Double materiality assessment methodology'.
Report Date: 4Q2024Relevance: 30%
- Provide a detailed account of how your company's significant negative and positive impacts influence, or are expected to influence, individuals or the environment, in accordance with Disclosure Requirement SBM-3 concerning material impacts, risks, and opportunities and their interaction with your strategy and business model.
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Question Id: SBM-3_04
Significant negative impacts include energy consumption and related GHG emissions (Scope 1/Scope 2/Scope 3) with negative impacts on climate change and the community. These impacts are concentrated in own operations, upstream, and downstream value chains. The group’s contribution to pollution due to substances of concern and substances of very high concern is another negative impact, concentrated in own operations. These impacts influence affected communities, workers in the value chain, consumers, and the environment.
Report Date: 4Q2024Relevance: 85%
- Provide a disclosure detailing whether and how the undertaking's material impacts originate from or are connected to its strategy and business model, in accordance with Disclosure Requirement SBM-3.
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Question Id: SBM-3_05
The material impacts such as energy consumption and GHG emissions, and pollution due to substances of concern, are connected to the sustainability strategy pillar of reducing the environmental footprint. These impacts are linked to the business dimensions of Sports Cars, Racing, and Lifestyle, indicating their connection to Ferrari's strategy and business model.
Report Date: 4Q2024Relevance: 85%
- Provide the reasonably expected time horizons for the undertaking's material impacts, as required by Disclosure Requirement SBM-3, concerning the interaction of these impacts, risks, and opportunities with the strategy and business model.
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Question Id: SBM-3_06
The time horizon for material impacts such as energy consumption and GHG emissions, and pollution due to substances of concern, is short term.
Report Date: 4Q2024Relevance: 60%