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.

In 2022, to strengthen our resilience strategy, we conducted a Climate Scenario Analysis of our prospective climate change risks, both physical and transitional, for our plants in Maranello and Modena and for our value chain following the most up-to-date methodologies available internationally, covering the 2030 to 2050 time-horizon. In 2024, the assumptions of this analysis remained unchanged. The choice of the scenarios for physical and transitional risks is based on EU and international guidelines (i.e. EU Taxonomy and TCFD respectively), on climate literature, availability of impact studies and likelihood of scenarios. We used the International Energy Agency (IEA) and the Intergovernmental Panel on Climate Change (IPCC) scenarios along with the Swiss RE, Moody’s Analytics, and Wood Mackenzie international databases.