Ferrari
ESRS disclosure: ESRS E5 \ DR E5-1 \ Paragraph AR 9 b
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- Does your company's policy prioritize strategies for avoiding or minimizing waste, such as reuse, repair, refurbish, remanufacture, and repurpose, over waste treatment strategies like recycling? Additionally, how do your policies incorporate the concepts of eco-design, waste as a resource, or post-consumer waste at the end of a product's lifecycle?
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Question Id: E5-1_04
Ferrari prioritizes strategies for avoiding or minimizing waste by designing products with durability, reparability, and recyclability in mind. They embrace circular economy principles, ensuring their cars can be passed on from one generation to the next. Ferrari cars are expected to have a durability of at least 80 years, exceeding the industry average lifespan. This approach aligns with eco-design and treating waste as a resource.
Report Date: 4Q2024Relevance: 85%
- 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%