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.

IROs in relation to resources use and circular economy matters have been identified during the double materiality assessment considering our products and production process. We have not carried out dedicated consultations with affected communities on this topic, but we have an ongoing dialogue with our suppliers to find recycled material solutions to reduce our emissions. For additional information on methodology adopted, please refer to “ESRS 2—General disclosures—Impacts, risks and opportunities management” paragraph.