Ferrari
ESRS disclosure: ESRS E5 \ DR E5-2 \ Paragraph 20c
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- 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 materials sourced from by-products or waste streams, as required under Disclosure Requirement E5-4, in the context of anticipated financial effects from material resource use and circular economy-related risks and opportunities, as outlined in Disclosure Requirement E5-6.
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Question Id: E5-4_07
An evidence of Ferrari attention to waste reduction is represented by our management of scraps. We recycle aluminum scraps by melting them in the foundry, thus ensuring the reentering of those scraps in the manufacturing process. This is an important achievement, considering that aluminum is the first raw material by weight used in our production process. The aluminum scraps, i.e. the shavings, generated during the mechanical process that cannot be melted, are compacted and eventually resold to companies specialized in recycling. This process has always been fully integrated in our foundry and involves Ferrari’s operations.
Report Date: 4Q2024Relevance: 65%