Ferrari
ESRS disclosure: ESRS E5 \ DR E5-1 \ Paragraph AR 9 b
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- 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 stemming from significant risks and opportunities related to resource use and circular economy impacts. This disclosure should include a monetary quantification of these effects prior to implementing any resource use or circular economy-related actions. If such quantification is not feasible without incurring undue cost or effort, furnish qualitative information instead. For financial effects associated with material opportunities, a 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_02
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: 60%