Ferrari
ESRS disclosure: ESRS E5 \ DR E5-1 \ Paragraph 15a
Tags Tree
- ESRS ESRS 2ESRS 2 Framework
- ESRS E1Climate Remuneration Disclosure
- ESRS E2Pollution Management
- ESRS E3Water & Marine Resources
- ESRS E4Material Sites Disclosure
- ESRS E5Resource Use & Circular Economy
- ESRS S1Workforce Impact Disclosure
- ESRS S2Value Chain Workers Scope
- ESRS S3Affected Communities Disclosure
- ESRS S4Consumer Impact Disclosure
- ESRS G1Governance Disclosure
- Does the undertaking's policy address transitioning away from the use of virgin resources, and if so, how does it incorporate the relative increase in the use of secondary (recycled) resources?
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Question Id: E5-1_01
Ferrari's policy addresses transitioning away from the use of virgin resources by recycling aluminum scraps and using secondary alloy from recycled processes. They aim to reduce the use of virgin material by focusing on secondary alloy from recycled processes and reducing quarry-derived resources. Additionally, they plan to introduce 100 percent recycled aluminum alloy for their engines by 2026, which is expected to reduce CO2 emissions by around 80 percent.
Report Date: 4Q2024Relevance: 90%
- Provide detailed information regarding the collective actions undertaken by your company to engage with both upstream and downstream value chain partners, as well as your local network, in the development of collaborations or initiatives aimed at enhancing the circularity of products and materials. This disclosure should align with Disclosure Requirement E5-6, which addresses anticipated financial effects from material resource use and circular economy-related risks and opportunities, and should also consider the actions and resources outlined in Disclosure Requirement E5-2 concerning resource use and circular economy strategies.
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Question Id: E5-2_07
Ferrari has been proactively promoting initiatives on alternative circular materials to evaluate the introduction of less environmentally impactful solutions. There is an ongoing dialogue with suppliers to find recycled material solutions to reduce emissions. The company aims to maintain the ISO 14001:2015 certification, which includes continuous improvement targets and KPIs for waste directed to recovery.
Report Date: 4Q2024Relevance: 68%