Ferrari
ESRS disclosure: ESRS E5 \ DR E5-2 \ Paragraph 20e
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- Provide a detailed description of the actions and resources implemented by the undertaking to prevent waste generation within its upstream and downstream value chain, as per Disclosure Requirement E5-2 related to resource use and circular economy.
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Question Id: E5-2_05
The Group adopts a systemic approach to waste management, aiming to stabilize unit consumption over time. Although total waste per vehicle may increase due to production scale and innovation areas, ongoing projects focus on minimizing waste generation as much as possible.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of how your organization's targets are aligned with the increase of circular product design, specifically addressing aspects such as design for durability, dismantling, reparability, and recyclability, as part of your resource use and circular economy strategy.
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Question Id: E5-3_02
We have embraced circular economy principles by designing products with durability, reparability, and recyclability in mind. Ferrari cars exemplify this approach, as their durability allows them to be passed on from one generation to the next. Ferrari Classiche services strive to keep as many of these classic cars on the road as possible and extending their lifecycle. Our cars are generally not considered means of transportation but collectible items. Ferrari cars are expected to have a durability of at least 80 years, based on Ferrari’s manufacturing history to date, which began when the Company was founded in 1947. This far exceeds the industry average lifespan, which statistically ranges from 18 years in Western European countries to 28 years in Eastern ones.
Report Date: 4Q2024Relevance: 80%