Ferrari
Automobile Manufacturers
Netherlands
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 b
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- Provide a detailed account of the decarbonisation levers identified and the key actions planned within your transition plan for climate change mitigation. This should include references to your GHG emission reduction targets and climate change mitigation actions, as specified in Disclosure Requirements E1-4 and E1-3. Additionally, elucidate any changes anticipated in your product and service portfolio, as well as the adoption of new technologies within your operations or across the upstream and/or downstream value chain.
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Question Id: E1-1_03
Our decarbonization levers to reach Carbon Neutrality by 2030 include:
- Energy efficiency & use of renewable sources: Phasing out of our trigeneration plant by 2024, installation of photovoltaic panels since 2023.
- Our products: Launch of the first full electric Ferrari by 2025, engine production with 100% recycled alloy by 2026, use of recycled materials in our products ongoing.
- Carbon Avoidance: Purchase of Carbon Credits in partnership with ClimateSeed since 2022.
- Constant dialogue with partners: Introduction of Hydrotreated Vegetable Oil (HVO) fuel in our European outbound logistics on road since 2023, launch of the Green Dealer Award since 2023.
These actions are aligned with our targets to reduce Scope 1 and 2 emissions by 90% and Scope 3 emissions by 40% per car by 2030 compared to 2021.
Report Date: 4Q2024Relevance: 90%
- Provide a detailed explanation of how climate-related considerations are integrated into the remuneration structures for members of the administrative, management, and supervisory bodies. Specify whether their performance evaluations include assessments against the GHG emission reduction targets as outlined in Disclosure Requirement E1-4. Additionally, indicate the percentage of current period remuneration linked to these climate-related considerations and describe the specific climate considerations involved.
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Question Id: E1.GOV-3_03
In addition, for the Equity Incentive Plan 2022-2024 and the Equity Incentive Plan 2023-2025, the innovation target has been replaced by an ESG target focusing on an Environment Factor and a Social Factor. The ESG target weighs 20 percent of the awards based on the achievement of defined objectives relating to environmental and social factors. In particular, 50 percent of the ESG Target is based on the reduction of CO2 carbon emissions and 50 percent is based on the maintenance of the Equal Salary certification.
Report Date: 4Q2024Relevance: 65%