Ferrari
ESRS disclosure: ESRS E5 \ DR E5-3 \ Paragraph 24 a
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- 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%