Ferrari
ESRS disclosure: ESRS E5 \ DR E5-2 \ Paragraph 20c
Tags Tree
- Provide a detailed account of how your organization applies circular design principles, specifically focusing on actions and resources that enhance product durability and optimize usage. Include information on how these efforts contribute to increased rates of reuse, repair, refurbishing, remanufacture, repurposing, and recycling.
-
Question Id: E5-2_03
Ferrari has embraced circular economy principles by designing products with durability, reparability, and recyclability in mind. Ferrari cars are expected to have a durability of at least 80 years, based on Ferrari’s manufacturing history. The substitution of spare parts throughout a car’s lifespan is driven by clients’ demand for parts to personalize their cars and maximize performance, ensuring and guaranteeing the reparability of products.
Report Date: 4Q2024Relevance: 80%
- 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.
-
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%