Ferrari
Automobile Manufacturers
Netherlands
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 comprehensive list of Scope 3 GHG emissions categories that are included in your inventory, along with a justification for any categories that have been excluded, as per the requirements outlined in Disclosure Requirement E1-9 regarding anticipated financial effects from material physical and transition risks and potential climate-related opportunities.
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Question Id: E1-6_27
Scope 3 Categories included:
- Category 3.1: Upstream transportation and distribution
- Category 3.2: Downstream transportation and distribution
- Category 3.3: Employee commuting
- Category 3.4: Business travel
- Category 4.1: Purchased goods
- Category 4.2: Capital Goods
- Category 4.5: Use of services
- Category 5.1: Use stage of products
- Category 6.1: Franchises
Categories not material (<5% of category):
- Category 4.3: Disposal of solid and liquid waste
- Category 4.4: Use of assets
- Category 5.2: Downstream leased assets
- Category 5.3: End-of-Life stage of products
- Category 5.4: Investments
Report Date: 4Q2024Relevance: 85%