Ferrari
Automobile Manufacturers
Netherlands
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%
- Provide detailed information regarding the type of internal carbon pricing scheme implemented by your company. This should encompass shadow prices used for capital expenditure (CapEX) or research and development (R&D) investment decision-making, as well as any internal carbon fees or internal carbon funds utilized.
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Question Id: E1-8_01
Based on the average price of EU-ETS credits in 2024, we defined an internal carbon price, i.e., a shadow price, to conduct cost-benefit analyses and reduce upstream value chain emissions on specific projects. The scopes covered by our internal carbon pricing scheme are: Category 3.1 - Upstream transportation and distribution, Category 3.2 - Downstream transportation and distribution, Category 4.1 - Purchased goods, Category 4.5 - Use of services.
Report Date: 4Q2024Relevance: 80%