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 description of the expected decarbonisation levers and their overall quantitative contributions towards achieving the GHG emission reduction targets, as outlined in Disclosure Requirement E1-4 concerning climate change mitigation and adaptation. Include specific strategies such as energy or material efficiency, consumption reduction, fuel switching, utilization of renewable energy, and the phase-out or substitution of products and processes.
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Question Id: E1-4_23
Category of action Target related climate change Action Timeline Section reference Energy efficiency & use of renewable sources energy Scope 1&2 emissions - Renewable energy and electrification in our operations Phasing out of our trigeneration plant 2024 E1 Climate change - Efficient energy use Energy efficiency & use of renewable sources energy Scope 1&2 emissions - Renewable energy and electrification in our operations Installation of photovoltaic panels Since 2023 E1 Climate change - Efficient energy use Our products Scope 3 downstream emissions - Electrification and sustainable fuels Launch of the first full electric Ferrari 2025 E1 Climate change - Our Strategy to Reach Carbon Neutrality by 2030 Our products Scope 3 upstream emissions - Recycled materials and renewable energy processes Engine production with 100% recycled alloy 2026 E5 Resource use and circular economy Our products Scope 3 upstream emissions - Recycled materials and renewable energy processes Use of recycled materials in our products Ongoing E5 Resource use and circular economy Carbon Avoidance - Purchase of Carbon Credits in partnership with ClimateSeed Since 2022 E1 Climate change - GHG removals and GHG mitigation projects financed through carbon credits Constant dialogue with partners Scope 3 downstream emissions - Electrification and sustainable fuels Introduction of Hydrotreated Vegetable Oil (HVO) fuel in our European outbound logistics on road Since 2023 E1 Climate change - Our GHG Emissions Constant dialogue with partners Scope 3 downstream emissions - Electrification and sustainable fuels Launch of the Green Dealer Award Since 2023 E1 Climate change - Our GHG Emissions Report Date: 4Q2024Relevance: 80%