Ferrari
ESRS disclosure: ESRS E2 \ DR E2-2 \ Paragraph AR 15
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- Provide a detailed account of any site-level action plans that have been implemented to address pollution, including a description of material incidents and deposits where pollution has negatively impacted the environment or is anticipated to affect the company's financial cash flows, financial position, and financial performance across short-, medium-, and long-term horizons. This information should align with the undertaking's pollution-related policy objectives and targets.
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Question Id: E2-2_04
We have implemented best practices to avoid or minimize the risk of harm in managing substances of concern and substances of very high concern, even though no specific pollution-related target has been set. Additionally, according to the procedures described above, we have put in place specific processes to monitor and track their right application also through periodic audits carried out by the Environmental and Energy and the Health & Safety teams. The results of the audits are recorded on a specific form and sent to all those in charge. The closure of anomalies and the verification of effectiveness are recorded and monitored by the Environment and Energy Department on a specific summary file.
In case no substitute material is available, substances of concern or very high concern are accepted under specific preventive measures. In this context, workers are protected from exposure and contact with hazardous substances through the implementation of closed cycles (processes or systems designed to minimize their exposure). These ensure that the use or transfer of hazardous materials occurs in sealed or controlled environments, reducing the risk of leaks, contamination or accidental exposure. Closed cycles aim at increasing safety for operators, reducing risk of incidents and reducing environmental impacts. These actions pertain to Ferrari production facilities (Ferrari S.p.A.) and have been already implemented in all processes where possible, and will remain in effect long-term, with regular quality checks as needed. In 2024, we implemented a closed cycle to manage cumene in our foundry. We aim to minimize the number of exposed workers and reduce the duration and intensity of workers’ exposure to the lowest technically possible value. No significant operational or capital expenditures have been allocated to these actions in 2024 or are planned for the future.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed explanation for selecting a less accurate methodology than direct measurement to quantify emissions. Include the rationale behind this choice, and if estimates are utilized, disclose the standard, sectoral study, or sources that underpin these estimates. Additionally, specify the potential degree of uncertainty and the range of estimates that illustrate the measurement uncertainty.
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Question Id: E2-4_15
The SoC and SVHC used in our production process are mainly calculated considering the observed amounts used during the production process. Since primary data is not currently available for the categories excluded from the obligation to report to the competent authority pursuant to Legislative Decree No. 102 of 30 July 2020, we estimate the amounts of SoC leaving our facilities as products, or as part of products, and the 78 percent of SoC included in the category “Other hazard classes” of the SoC used during production or that are procured. We estimated these data based on the total amount purchased during the year, using a proxy sample amounting to 10 percent of total products containing those substances. Regarding the candidate list substances present in our cars, we calculate the amount taking into consideration the car configuration of the European and UK market and the number of shipments in 2024. This methodology is not validated by an external body.
Report Date: 4Q2024Relevance: 60%