Ferrari
ESRS disclosure: ESRS E5 \ DR E5-1 \ Paragraph 15b
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- 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 the processes your organization employs to identify and assess material impacts, risks, and opportunities associated with resource use and the circular economy. Specifically, include information on resource inflows, resource outflows, and waste management. Additionally, disclose whether and how your organization has conducted consultations, particularly with affected communities, in relation to these processes.
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Question Id: E5.IRO-1_02
Ferrari consistently strives for the highest quality in all materials used, ensuring durability over time. The Environmental Practice promotes the reuse of waste materials in the production process according to a circular economy approach. The practice covers impacts and opportunities such as the reduction of waste, promotion of circularity, and the use of recycled materials. Monitoring and management of environmental performance, including waste, is assigned to a team reporting to the Chief Technologies & Infrastructures Officer. IROs in relation to resources use and circular economy matters have been identified during the double materiality assessment considering products and production process. No dedicated consultations with affected communities have been carried out, but there is ongoing dialogue with suppliers. Resource inflows include raw materials like aluminum and polymers. Total resource inflows for 2024 are 34,199 Kg, with 1,577 Kg from secondary materials. Waste management aims to stabilize unit consumption over time, with ongoing projects to minimize waste generation. Total waste generated in 2024 is 9,707 t, with 3,302 t non-recycled waste.
Report Date: 4Q2024Relevance: 80%