Ferrari
ESRS disclosure: ESRS E5 \ DR E5-1
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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 anticipated financial effects, expressed in monetary terms, associated with material risks and opportunities stemming from resource use and circular economy-related impacts. This disclosure should be made prior to considering any actions related to resource use and circular economy. In instances where quantification is not feasible without incurring undue cost or effort, qualitative information should be provided. Note that for financial effects arising from material opportunities, quantification is not mandatory if it compromises the qualitative characteristics of the information as outlined in ESRS 1 Appendix B.
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Question Id: E5-6_01
In addition, at the beginning of 2023, we implemented the use of scorifying salts in the aluminum melting process with the specific aim of maximizing material recovery. By facilitating the removal of impurities and enabling a cleaner separation of aluminum from scrap, we have reduced the amount of aluminum discarded. This improvement has led to a 50 percent decrease in slag, underscoring our commitment to reducing waste and optimizing resource use. No significant operational or capital expenditures have been allocated to this action in 2024 or are planned for the future. For the medium-term future, we plan to reduce the use of this virgin material by focusing on secondary alloy from recycled processes and on the reduction of quarry-derived resources.
Report Date: 4Q2024Relevance: 10%