Ferrari
Automobile Manufacturers
Netherlands
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 a
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- Provide an explanation of how your company's greenhouse gas emission reduction targets align with the objective of limiting global warming to 1.5°C, as stipulated by the Paris Agreement, in accordance with Disclosure Requirement E1-1 regarding the transition plan for climate change mitigation.
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Question Id: E1-1_02
Our decarbonization strategy is aligned with the trajectory 'well below 2°C' and entails a reduction of at least 90 percent of our Scope 1 and 2 (market-based method) absolute CO2eq emissions and a reduction of at least 40 percent of our Scope 3 emissions per car, with respect to 2021.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of the climate change mitigation actions undertaken and planned, categorized by decarbonisation lever, including the incorporation of nature-based solutions, as required under Disclosure Requirement E1-3 concerning actions and resources related to climate change policies.
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Question Id: E1-3_01
The decarbonization levers to reach Carbon Neutrality by 2030 include:
Energy efficiency & use of renewable sources energy:
- Phasing out of our trigeneration plant by 2024.
- Installation of photovoltaic panels since 2023.
Our products:
- Launch of the first full electric Ferrari by 2025.
- Engine production with 100% recycled alloy by 2026.
- Use of recycled materials in our products, ongoing.
Carbon Avoidance:
- Purchase of Carbon Credits in partnership with ClimateSeed since 2022.
Constant dialogue with partners:
- Introduction of Hydrotreated Vegetable Oil (HVO) fuel in our European outbound logistics on road since 2023.
- Launch of the Green Dealer Award since 2023.
Report Date: 4Q2024Relevance: 85%