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ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 c
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- Provide a detailed account of your organization's significant operational and capital expenditures necessary for the execution of your climate change mitigation transition plan, as outlined in Disclosure Requirement E1-1. This should include an explanation and quantification of investments and funding, referencing the key performance indicators of taxonomy-aligned capital expenditures, and, where applicable, the capital expenditure plans disclosed in accordance with Commission Delegated Regulation (EU) 2021/2178.
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Question Id: E1-1_04
In 2024, the capital expenditure, including R&D and tooling, related to the development of our electric vehicles amounted to approximately €236 million. Given that we plan to develop our new business plan in 2025, the total expenditure for the next years is under review.
Report Date: 4Q2024Relevance: 60%
- Has the company evaluated the extent to which its assets and business activities are exposed and sensitive to identified climate-related hazards? This evaluation should consider the likelihood, magnitude, and duration of these hazards, as well as the geospatial coordinates specific to the company's locations and supply chains, in accordance with Disclosure Requirement E1-9 and ESRS 2 IRO-1. Additionally, clarify whether the anticipated financial effects from material physical and transition risks, as well as potential climate-related opportunities, have been assessed, noting that quantification of financial effects from opportunities is not mandatory if it does not meet the qualitative characteristics of useful information as outlined in ESRS 1 Appendix B.
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Question Id: E1.IRO-1_06
For the analysis, we considered the geospatial coordinates of our Maranello and Modena plants to understand their exposure to physical events. In particular, precipitation, wind and temperature logs from the local weather grid were analyzed to evaluate present trends and build reliable inferences on possible future trends. A detailed analysis of local sources such as the Modena/Maranello Civil Protection, ARPAE and newspapers allowed to build an “event history” database and contributed to the overall risk mapping.
Through the Scenario Analysis we also analyzed the physical and transitional risks of our suppliers, taking into consideration their location.
Report Date: 4Q2024Relevance: 85%