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 the total amount of GHG removals and storage in metric tonnes of CO2eq, disaggregated and separately disclosed for the amount related to your company's own operations and its upstream and downstream value chain. Additionally, break down this information by removal activity, as required by Disclosure Requirement E1-7 concerning GHG removals and GHG mitigation projects financed through carbon credits.
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Question Id: E1-7_05
As of today, Ferrari has not developed GHG removals and storage projects.
Report Date: 4Q2024Relevance: 20%