Ferrari
ESRS disclosure: ESRS E5 \ DR E5-2 \ Paragraph 20f
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- 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%
- Provide a comprehensive description of the anticipated financial effects stemming from material resource use and circular economy-related risks and opportunities. Include an assessment of related products and services at risk over the short-, medium-, and long-term. Explain the definitions used, the methods for estimating financial amounts, and the critical assumptions made in this context.
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Question Id: E5-6_05
Additionally, aligned with Ferrari’s ambition to reduce CO2 emissions and to promote circularity, starting from 2026, we plan to introduce 100 percent recycled aluminum alloy for our engines (considering only the parts produced internally in our Maranello plant that weigh more than 80 percent of the engine). This action could reduce aluminum-related CO2 emissions by around 80 percent. This recycled alloy is characterized by high performance without compromising quality, differing mainly from primary alloys. Our ambition is to eliminate the use of primary alloys in our engines by relying on recycled raw materials. To align with market availability, we have developed a flexible process that allows us to use both primary and recycled alloys in engine components. No significant operational or capital expenditures have been allocated to this action in 2024 or are planned for the future.
Report Date: 4Q2024Relevance: 60%