Ferrari
Automobile Manufacturers
Netherlands
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 d
Tags Tree
Selected: 0
No matching results found.
- Provide a qualitative assessment of the potential locked-in greenhouse gas (GHG) emissions from your company's key assets and products. Explain whether and how these emissions could jeopardize the achievement of your GHG emission reduction targets and contribute to transition risk. Additionally, if applicable, describe your company's plans to manage its GHG-intensive and energy-intensive assets and products.
-
Question Id: E1-1_07
We are aware that the transition to a climate-neutral economy could be slowed down by locked-in GHG emissions. Regarding Scope 1 and 2, certain processes cannot be converted to electricity yet. For Scope 3 downstream, the locked-in emissions depend on how the market will evolve in the coming years, in particular on the share of BEVs (Battery Electric Vehicle). However, it is important to point out that the higher the share of BEVs, the harder it is to reach the target set for Scope 3 upstream. We are developing plans to reduce emissions from downstream ICEs, and in particular, we are evaluating various technologies, including alternative fuels.
Report Date: 4Q2024Relevance: 80%
- 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.
-
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%