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ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 d
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- 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.
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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 disaggregation of your company's greenhouse gas (GHG) emissions. This disaggregation should be categorized by country, operating segments, economic activity, subsidiary, GHG category (including CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, and any other GHGs considered by your company), or source type (such as stationary combustion, mobile combustion, process emissions, and fugitive emissions). Ensure that this information aligns with the guidance outlined in ESRS 1 chapter 3.7, and note that a quantification of financial effects from opportunities is not required if it does not meet the qualitative characteristics of useful information as specified in ESRS 1 Appendix B.
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Question Id: E1-6_03
In 2024, our Scope 1 GHG emissions decreased by 28% compared to 2021, mainly due to the shutdown of the trigeneration plant in Maranello. Our Scope 2 (market-based method) GHG emissions decreased by 70 percent compared to 2021 as we continued to purchase Guarantee of Origin certificates for renewable energy for our production plants in Maranello and Modena, and for the Mugello circuit. Since 2024, we have included the museums and the Italian stores in the list of locations covered by Guarantee of Origin certificates. Our Scope 2 (location-based method) GHG emissions increased due to the gradual shift from natural gas to electricity in our production plants.
Report Date: 4Q2024Relevance: 50%