Ferrari
ESRS disclosure: ESRS E5 \ DR E5-4 \ Paragraph 32; ESRS E5
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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%
- Indicate whether and how your policies address sustainable sourcing and the use of renewable resources, as required under Disclosure Requirement E5-1 concerning policies related to resource use and the circular economy.
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Question Id: E5-1_02
Currently, the Environmental Practice does not address the use of renewable resources. However, Ferrari is continuously striving for sustainable and innovative material sourcing to integrate into their production processes.
Report Date: 4Q2024Relevance: 50%
- Provide a detailed description of whether and how your company's policies address the waste hierarchy, specifically focusing on prevention, preparing for re-use, recycling, other recovery such as energy recovery, and disposal. Ensure that waste treatment is not categorized as a recovery method.
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Question Id: E5-1_03
Ferrari's policies address the waste hierarchy by focusing on recycling and preparation for reuse. In 2024, they have recycled 724 tons of hazardous waste and 5,681 tons of non-hazardous waste. They have also prepared 13 tons of non-hazardous waste for reuse. The total waste diverted from disposal is 6,418 tons. Waste treatment is categorized separately, with 597 tons of hazardous waste and 2,692 tons of non-hazardous waste directed to disposal.
Report Date: 4Q2024Relevance: 60%
- 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 account of the actions and resources implemented to achieve higher levels of resource efficiency in the use of technical and biological materials and water. Include specific references to critical raw materials and rare earths as identified in the Raw Materials Information System.
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Question Id: E5-2_01
Car makers consume large amounts of raw materials, and a conscientious planning of the manufacturing process is essential to the careful management of these resources. Among the most used materials in cars are lightweight elements such as aluminum, polymers, and to a lesser extent other metals (copper, titanium, platinum group, silicon, zinc, magnesium) elastomers, fluids, lithium, light rare earth elements.
Report Date: 4Q2024Relevance: 45%
- Provide a detailed account of the actions and resources employed by your organization concerning resource use and the circular economy, specifically addressing the increased utilization of secondary raw materials (recyclates). Indicate whether these actions and resources are in alignment with Disclosure Requirement E5-2, as outlined in the ESRS regulations.
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Question Id: E5-2_02
The overall total weight of products and technical and biological materials used is 34,199 Kg. The weight of secondary reused or recycled components, secondary intermediary products, and secondary materials used to manufacture the undertaking’s products and services (including packaging) is 1,577 Kg, which is 4.6% of the total.
Report Date: 4Q2024Relevance: 60%
- 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.
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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 a detailed description of the application of circular business practices within your organization. Specifically, outline any actions and resources dedicated to the following areas: (i) value retention actions, including maintenance, repair, refurbishing, remanufacturing, component harvesting, upgrading, reverse logistics, closed loop systems, and second-hand retailing; (ii) value maximisation actions, such as product-service systems and collaborative and sharing economy business models; (iii) end-of-life actions, including recycling, upcycling, and extended producer responsibility; and (iv) systems efficiency actions, such as industrial symbiosis. Ensure that your response aligns with the requirements set forth in Disclosure Requirement E5-2 and ESRS 2 MDR-A.
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Question Id: E5-2_04
Ferrari promotes the reuse of waste materials in production according to a circular economy approach. The practice covers impacts and opportunities such as the reduction of waste, increase of durability, reparability, and recyclability of spare parts, and promotion of circularity within the value chain. The development of products that meet customers’ needs while ensuring respect for the environment, safety, and quality, and the adoption of the best available technologies for the efficiency of production processes and the reduction of environmental impacts are key aspects.
Report Date: 4Q2024Relevance: 60%
- 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 description of the actions and resources allocated towards the optimization of waste management, ensuring alignment with the waste hierarchy, as stipulated under Disclosure Requirement E5-2 concerning resource use and circular economy.
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Question Id: E5-2_06
Total waste generated is 9,707 t, with non-recycled waste at 3,302 t (34.0%). Hazardous waste is 1,320 t (13.6%). Waste monitoring is conducted through a thorough analysis of all supporting documentation. Each month, an external waste intermediary provides a report detailing the previous month’s waste movements. This data is processed to classify waste into the appropriate categories defined by Legislative Decree 152/2006 and is recorded in the internal reporting system for effective tracking and analysis.
Report Date: 4Q2024Relevance: 60%