Provide a detailed explanation of the methods employed to ensure that the baseline value, used for measuring progress towards climate change mitigation and adaptation targets, accurately represents the activities covered and accounts for external influences. Include considerations such as temperature anomalies affecting energy consumption and related greenhouse gas emissions. Specify whether normalization of the baseline value or the use of a 3-year average was applied to enhance representativeness and achieve a more faithful representation.

Question

Accepted Answer

Following the former guidance provided by the SBTi for the transport sector, we chose 2021 as the base year for our emission targets as it was more representative of the actual Company situation (2020 figures were influenced by the effects of Covid-19). In 2022, we set targets considering the journey to electrification of our plants, including the phase-out of our trigenerator, and the assumptions of the product mix presented during our 2022 Capital Markets Day (CMD), and there was no other specific assumption regarding the evolution of the external context. The targets in the table below are obtained by transforming the CMD 2022 intensity targets into absolute targets based on the 2024 deliveries (13,752). Given that we plan to develop our new business plan in 2025, we are currently reviewing these targets.

Ferrari

ESRS disclosure: E1-4_20

Tags Tree