Ferrari
Automobile Manufacturers
Netherlands
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 e
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- Provide a detailed explanation of any objectives or plans related to capital expenditures (CapEx), capital expenditure plans (CapEx plans), and operational expenditures (OpEx) that your undertaking has formulated to align its economic activities, including revenues, CapEx, and OpEx, with the criteria set forth in Commission Delegated Regulation 2021/2139, as required under Disclosure Requirement E1-1 concerning the transition plan for climate change mitigation.
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Question Id: E1-1_08
The EU Taxonomy identifies six environmental objectives, including climate change mitigation and adaptation. Taxonomy-aligned activities are those that comply with the requirements laid down in Article 3 of the Taxonomy Regulation. Our reporting requirements under Article 8 of the Taxonomy Regulation require non-financial undertakings to disclose information on the proportion of the turnover, capital expenditure, and operating expenditure of their activities related to assets or processes associated with environmentally sustainable economic activities.
Report Date: 4Q2024Relevance: 45%
- 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%