Ferrari
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 account of the resilience of your strategy and business model concerning climate change. Include a comprehensive description of the scope of the resilience analysis as per the Disclosure Requirement related to ESRS 2 SBM-3, focusing on material impacts, risks, and opportunities and their interaction with your strategy and business model.
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Question Id: E1.SBM-3_02
In 2022, a Climate Scenario Analysis was conducted to strengthen the resilience strategy, focusing on prospective climate change risks, both physical and transitional, for plants in Maranello and Modena and for the value chain. The analysis followed the most up-to-date methodologies available internationally, covering the 2030 to 2050 time-horizon. The choice of scenarios for physical and transitional risks is based on EU and international guidelines (i.e., EU Taxonomy and TCFD respectively), on climate literature, availability of impact studies, and likelihood of scenarios. The analysis included the geospatial coordinates of Maranello and Modena plants to understand their exposure to physical events. 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. The analysis also considered the physical and transitional risks of suppliers, taking into consideration their location. The Climate Scenario Analysis considered the short, medium, and long term, specifically until 2026, from 2026 to 2035 and from 2035 to 2050.
Report Date: 4Q2024Relevance: 90%