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 detailed account of the reporting boundaries considered and the calculation methods employed for estimating Scope 3 greenhouse gas (GHG) emissions. Specify the calculation tools utilized, if any, for each significant Scope 3 GHG category, ensuring consistency with the Greenhouse Gas Protocol (GHGP) guidelines.
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Question Id: E1-6_29
Scope 3 Category Methodology:
- Category 3.1: Supplier specific method, Distance based method
- Category 3.2: Supplier specific method, Distance based method
- Category 3.3: Distance based method
- Category 3.4: Supplier specific method, Distance based method, Average data method
- Category 4.1: Supplier specific method, Hybrid method, Average data method, Activity data method
- Category 4.2: Spend based method
- Category 4.5: Supplier specific method, Spend based method
- Category 5.1: Average data method
- Category 6.1: Activity data method
Report Date: 4Q2024Relevance: 60%