Our decarbonization strategy is aligned with the trajectory 'well below 2°C' and entails a reduction of at least 90 percent of our Scope 1 and 2 (market-based method) absolute CO2eq emissions and a reduction of at least 40 percent of our Scope 3 emissions per car, with respect to 2021.

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.