Ferrari
Automobile Manufacturers
Netherlands
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 f
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- Provide a disclosure of significant capital expenditures invested during the reporting period in coal-related economic activities, as required by Disclosure Requirement E1-1 – Transition plan for climate change mitigation, paragraph 14.
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Question Id: E1-1_09
Ferrari is not involved in coal, oil, and gas-related activities.
Report Date: 4Q2024Relevance: 75%
- Provide a disclosure of the significant capital expenditures (CapEx) amounts invested during the reporting period that are associated with oil-related economic activities, as required under Disclosure Requirement E1-1 concerning the transition plan for climate change mitigation, if applicable.
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Question Id: E1-1_10
Ferrari is not involved in coal, oil, and gas-related activities.
Report Date: 4Q2024Relevance: 75%
- 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%