Ferrari
ESRS disclosure: ESRS E1 \ DR E1-3
Tags Tree
- 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%
- To what extent does your company's ability to implement actions related to climate change policies depend on the availability and allocation of resources? Provide an explanation in accordance with Disclosure Requirement E1-3, considering the ongoing access to finance and its impact on adjustments to supply/demand changes, acquisitions, and significant R&D investments.
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Question Id: E1-3_05
The implementation of the decarbonization strategy depends on regulatory and technological aspects. From a financial point of view, the company uses its own resources and is constantly informed about externally available funding.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed explanation of how significant capital expenditures (CapEx) and operational expenditures (OpEx) necessary for implementing actions related to climate change policies are associated with the corresponding line items or notes in the financial statements.
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Question Id: E1-3_06
In 2024, the capital expenditure, including R&D and tooling, related to the development of electric vehicles amounted to approximately €236 million. The total expenditure for the next years is under review. No significant operational or capital expenditures have been allocated to certain actions in 2024 or are planned for the future.
Report Date: 4Q2024Relevance: 50%
- Provide a detailed explanation of how significant capital expenditures (CapEx) and operational expenditures (OpEx), necessary for implementing actions taken or planned, relate to the key performance indicators as mandated by Commission Delegated Regulation (EU) 2021/2178, in accordance with Disclosure Requirement E1-3 concerning actions and resources in relation to climate change policies.
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Question Id: E1-3_07
The EU Taxonomy requires non-financial undertakings to disclose information on the proportion of turnover, capital expenditure, and operating expenditure of their activities related to assets or processes associated with environmentally sustainable economic activities.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed explanation of how significant capital expenditures (CapEx) and operational expenditures (OpEx), necessary for implementing actions taken or planned, relate to the capital expenditure plan as mandated by Commission Delegated Regulation (EU) 2021/2178, in accordance with Disclosure Requirement E1-3 concerning actions and resources in relation to climate change policies.
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Question Id: E1-3_08
In 2024, the capital expenditure, including R&D and tooling, related to the development of electric vehicles amounted to approximately €236 million. The total expenditure for the next years is under review. No significant operational or capital expenditures have been allocated to certain actions in 2024 or are planned for the future.
Report Date: 4Q2024Relevance: 60%