Ferrari
ESRS disclosure
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- Provide the gross Scope 1 greenhouse gas emissions in metric tonnes of CO2 equivalent, as stipulated under Disclosure Requirement E1-6, paragraph 44 (a), concerning Gross Scopes 1, 2, 3, and Total GHG emissions.
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Question Id: E1-6_07
Total Scope 1 emissions: 65,338 tCO2eq
Report Date: 4Q2024Relevance: 90%
- What is the percentage of your company's Scope 1 greenhouse gas emissions that originate from regulated emission trading schemes, as required under Disclosure Requirement E1-6 for Gross Scopes 1, 2, 3, and Total GHG emissions?
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Question Id: E1-6_08
SHARE of Scope 1 covered by ETS: 81%
Report Date: 4Q2024Relevance: 85%
- Provide the gross location-based Scope 2 greenhouse gas emissions in metric tonnes of CO2 equivalent as part of the disclosure requirement E1-6 concerning gross Scopes 1, 2, 3, and total GHG emissions, as stipulated in paragraph 44 (b).
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Question Id: E1-6_09
Total Scope 2 location-based emissions: 28,091 tCO2eq
Report Date: 4Q2024Relevance: 90%
- Provide the gross market-based Scope 2 greenhouse gas emissions in metric tonnes of CO2 equivalent as required by Disclosure Requirement E1-6, paragraph 44 (b), concerning Gross Scopes 1, 2, 3, and Total GHG emissions.
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Question Id: E1-6_10
Total Scope 2 market-based emissions: 598 tCO2eq
Report Date: 4Q2024Relevance: 75%
- Provide the gross Scope 3 greenhouse gas emissions, as mandated by Disclosure Requirement E1-6, including the total GHG emissions in metric tonnes of CO2 equivalent from each significant Scope 3 category identified as a priority for the undertaking.
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Question Id: E1-6_11
Total Scope 3 emissions: 967,182 tCO2eq
Report Date: 4Q2024Relevance: 50%
- Provide the total GHG emissions, ensuring the sum of Scope 1, 2, and 3 emissions is disclosed. Include a disaggregation that distinguishes the total GHG emissions derived from Scope 2 emissions measured using the location-based method.
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Question Id: E1-6_12
Total Emissions (location-based): 1,060,611 tCO2eq Total Scope 2 location-based emissions: 28,091 tCO2eq
Report Date: 4Q2024Relevance: 25%
- Provide the total greenhouse gas (GHG) emissions, as stipulated in Disclosure Requirement E1-6, encompassing Gross Scopes 1, 2, and 3. Ensure the disclosure includes the sum of Scope 1, 2, and 3 GHG emissions as outlined in paragraphs 44 (a) to (c). Additionally, disaggregate the total GHG emissions to distinctly identify those derived from Scope 2 emissions measured using the market-based method.
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Question Id: E1-6_13
Total Emissions (market-based): 1,033,118 tCO2eq Total Scope 2 market-based emissions: 598 tCO2eq
Report Date: 4Q2024Relevance: 50%
- Has the reporting undertaking experienced any significant changes in the definition of what constitutes its entity and its upstream and downstream value chain? If so, provide a detailed disclosure of these changes and explain their impact on the year-to-year comparability of the reported Gross Scopes 1, 2, 3, and Total GHG emissions, specifically addressing the comparability between the current and previous reporting periods.
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Question Id: E1-6_14
In order to define which Scope 3 categories are significant for the Company, we carried out a significance analysis according to the indications of the ISO 14064-1:2018. Hereafter the Scope 3 categories reported: Category 3.1, Upstream transportation and distribution (similar to category 4 of the GHG Protocol): Transportation and distribution of products purchased between its tier 1 suppliers and its own operations (in vehicles and facilities not owned or controlled by Ferrari); Category 3.2, Downstream transportation and distribution (similar to category 9 of the GHG Protocol): Transportation and distribution of products sold between its operations and the end consumer, including retail and storage (in vehicles and facilities not owned or controlled by Ferrari); Category 3.3, Employee commuting (category 7 of the GHG Protocol): Transportation of employees between their homes and their worksites.
Report Date: 4Q2024Relevance: 30%
- Provide a detailed account of the methodologies, significant assumptions, and emissions factors employed in the calculation or measurement of GHG emissions, including the rationale for their selection. Additionally, include a reference or link to any calculation tools utilized in this process.
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Question Id: E1-6_15
Scope 3 Category Included Methodology Uncertainty Category 3.1 Yes Delivery inbound documents, Supplier specific data Supplier specific method, Distance based method 3.6% Category 3.2 Yes Delivery outbound documents, Supplier specific data Supplier specific method, Distance based method 5.0% Category 3.3 Yes Internal database, Internal survey Distance based method 10.6% The GHG emissions of this category were calculated using the emission factors of the Ecoinvent database (v3.9.1) through the SimaPro tool.
Report Date: 4Q2024Relevance: 65%
- Provide a detailed account of the effects of significant events and changes in circumstances, specifically related to your greenhouse gas emissions, that have transpired between the reporting dates of entities within your value chain and the date of your general purpose financial statements. Ensure this disclosure aligns with the requirements outlined in Disclosure Requirement E1-9, considering any material physical and transition risks, as well as potential climate-related opportunities. Note that quantification of financial effects from opportunities is not mandatory if it does not adhere to the qualitative characteristics of useful information as specified in ESRS 1 Appendix B.
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Question Id: E1-6_16
In our decarbonization strategy, we focus on our direct emissions as well as on our indirect upstream and downstream Scope 3 GHG emissions. We believe that concentrating solely on the vehicle use phase is not enough, so in line with our holistic approach, we need to continue to focus on raw materials. Constant dialogue with partners in the supply chain is key to identifying innovative approaches to further reduce GHG emissions. Starting from 2023, together with our logistics partners we introduced for the first time Hydrotreated Vegetable Oil (HVO) fuel in most of our European outbound logistics on road. On average this allows us to reduce our GHG emissions for this sub-category by 80%. This ongoing initiative will continue in the coming years, with the number of routes involved increasing in 2024 compared to 2023, resulting in further reductions in GHG emissions. No significant operational or capital expenditures have been allocated to this action in 2024 or are planned for the future.
Report Date: 4Q2024Relevance: 65%