Ferrari
Automobile Manufacturers
Netherlands
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 b
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- Provide a detailed account of the decarbonisation levers identified and the key actions planned within your transition plan for climate change mitigation. This should include references to your GHG emission reduction targets and climate change mitigation actions, as specified in Disclosure Requirements E1-4 and E1-3. Additionally, elucidate any changes anticipated in your product and service portfolio, as well as the adoption of new technologies within your operations or across the upstream and/or downstream value chain.
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Question Id: E1-1_03
Our decarbonization levers to reach Carbon Neutrality by 2030 include:
- Energy efficiency & use of renewable sources: 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.
These actions are aligned with our targets to reduce Scope 1 and 2 emissions by 90% and Scope 3 emissions by 40% per car by 2030 compared to 2021.
Report Date: 4Q2024Relevance: 90%
- Provide the intensity value of Scope 1 Greenhouse gas emissions reduction as part of the disclosure requirement E1-4 concerning targets related to climate change mitigation and adaptation. If your organization has established GHG emission reduction targets, disclose these targets in absolute terms, either in tonnes of CO2 equivalent or as a percentage relative to a base year's emissions, and include the intensity value where applicable.
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Question Id: E1-4_08
In 2024, the GHG intensity (All Scopes location-based) is 158.9 tCO2eq/€ million, which is a 31% reduction from the base year 2021 value of 231.2 tCO2eq/€ million.
Report Date: 4Q2024Relevance: 75%