Ferrari
Automobile Manufacturers
Netherlands
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 h
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- Provide a detailed explanation of how the transition plan for climate change mitigation is integrated into and aligned with your company's overall business strategy and financial planning.
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Question Id: E1-1_13
Our decarbonization strategy defined in 2022 is aligned with the trajectory 'well below 2°C' in order to contribute to ambitions at the international, national and regional level, such as the Paris Agreement. In this context, our most significant environmental efforts are deployed through a program for the reduction of polluting and GHG emissions, both direct and indirect.
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%