Ferrari
ESRS disclosure: ESRS E5 \ DR E5-2 \ Paragraph 20d
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- 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 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%