Ferrari
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 a
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- Provide an explanation of how your company's greenhouse gas emission reduction targets align with the objective of limiting global warming to 1.5°C, as stipulated by the Paris Agreement, in accordance with Disclosure Requirement E1-1 regarding the transition plan for climate change mitigation.
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Question Id: E1-1_02
Our decarbonization strategy is aligned with the trajectory 'well below 2°C' and entails a reduction of at least 90 percent of our Scope 1 and 2 (market-based method) absolute CO2eq emissions and a reduction of at least 40 percent of our Scope 3 emissions per car, with respect to 2021.
Report Date: 4Q2024Relevance: 60%
- Has the reporting undertaking experienced any significant changes in the definition of what constitutes its entity and its upstream and downstream value chain? If so, provide a detailed disclosure of these changes and explain their impact on the year-to-year comparability of the reported Gross Scopes 1, 2, 3, and Total GHG emissions, specifically addressing the comparability between the current and previous reporting periods.
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Question Id: E1-6_14
In order to define which Scope 3 categories are significant for the Company, we carried out a significance analysis according to the indications of the ISO 14064-1:2018. Hereafter the Scope 3 categories reported: Category 3.1, Upstream transportation and distribution (similar to category 4 of the GHG Protocol): Transportation and distribution of products purchased between its tier 1 suppliers and its own operations (in vehicles and facilities not owned or controlled by Ferrari); Category 3.2, Downstream transportation and distribution (similar to category 9 of the GHG Protocol): Transportation and distribution of products sold between its operations and the end consumer, including retail and storage (in vehicles and facilities not owned or controlled by Ferrari); Category 3.3, Employee commuting (category 7 of the GHG Protocol): Transportation of employees between their homes and their worksites.
Report Date: 4Q2024Relevance: 30%