Ferrari
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 e
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- Provide a detailed explanation of any objectives or plans related to capital expenditures (CapEx), capital expenditure plans (CapEx plans), and operational expenditures (OpEx) that your undertaking has formulated to align its economic activities, including revenues, CapEx, and OpEx, with the criteria set forth in Commission Delegated Regulation 2021/2139, as required under Disclosure Requirement E1-1 concerning the transition plan for climate change mitigation.
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Question Id: E1-1_08
The EU Taxonomy identifies six environmental objectives, including climate change mitigation and adaptation. Taxonomy-aligned activities are those that comply with the requirements laid down in Article 3 of the Taxonomy Regulation. Our reporting requirements under Article 8 of the Taxonomy Regulation require non-financial undertakings to disclose information on the proportion of the turnover, capital expenditure, and operating expenditure of their activities related to assets or processes associated with environmentally sustainable economic activities.
Report Date: 4Q2024Relevance: 45%
- Provide an explanation for each identified material climate-related risk, specifying whether the entity classifies the risk as a climate-related physical risk or a climate-related transition risk, in accordance with the Disclosure Requirement related to ESRS 2 SBM-3 concerning material impacts, risks, and opportunities and their interaction with strategy and business model.
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Question Id: E1.SBM-3_01
The identified material climate-related risks are classified as follows:
Physical Risks for Maranello and Modena facilities:
- Acute: Increased Hail Frequency and Severity, Increase of Summer Blackout, Increase in Flooding Risk, Increased Wind Storm Severity, Increase in Drought Risk and Water Stress, Increase in Wildfires Risk.
- Chronic: Gas Equipment Production Reduction, Fuel Cell Efficiency Reduction, Health Hazards Accelerating invasion potential of disease vectors, Increased Heat Waves Frequency and Length, Increase in Mean Temperature, Solar Panel Production Reduction.
Physical Risks for supply chain:
- Acute: Increased Drought Exposure, Hydrogeologic Risk, Increased Flooding Exposure, Acute Climate Risk on Countries Extracting Critical Materials.
- Chronic: Increased Chronic Risk Exposure, Chronic Climate Risk on Countries Extracting Critical Materials.
Transition Risks organization worldwide:
- Market: Failure in Intercepting Favourable Markets, Failure in Aligning with Countries Climate Ambitions, Disalignment with Peers Transition Plans, Exposure to Critical Materials Price Soar, CBAM Induced Increased Costs of Extra EU Supplies, Future Hypothetical Carbon Tax.
- Normative: Failure in Aligning with Countries Targets, Failure in Aligning with Cities Targets.
- Reputational: Penalty Fees for Exceeding Vehicle Emission Mandates, Change in climate induced luxury perception.
- Technology: Supply Shortages of Critical Materials, Scarcity of Components and Materials Needed for the PV Arrays.
Report Date: 4Q2024Relevance: 90%