Ferrari
ESRS disclosure: ESRS E5 \ DR E5-1 \ Paragraph 15a
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- 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 a detailed description of how your organization contributes to the circular economy, specifically addressing any anticipated financial effects arising from material resource use and circular economy-related risks and opportunities. Include examples such as the implementation of smart waste collection systems.
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Question Id: E5-2_08
Ferrari plans to introduce 100 percent recycled aluminum alloy for engines starting from 2026, which could reduce aluminum-related CO2 emissions by around 80 percent. This recycled alloy is characterized by high performance without compromising quality, differing minimally from primary alloys. The ambition is to eliminate the use of primary alloys in engines by relying on recycled raw materials.
Report Date: 4Q2024Relevance: 65%