Ferrari
ESRS disclosure: ESRS E5 \ DR E5-2 \ Paragraph 20 a
Tags Tree
- ESRS ESRS 2ESRS 2 Framework
- ESRS E1Climate Remuneration Disclosure
- ESRS E2Pollution Management
- ESRS E3Water & Marine Resources
- ESRS E4Material Sites Disclosure
- ESRS E5Resource Use & Circular Economy
- ESRS S1Workforce Impact Disclosure
- ESRS S2Value Chain Workers Scope
- ESRS S3Affected Communities Disclosure
- ESRS S4Consumer Impact Disclosure
- ESRS G1Governance Disclosure
- Provide a detailed account of the actions and resources implemented to achieve higher levels of resource efficiency in the use of technical and biological materials and water. Include specific references to critical raw materials and rare earths as identified in the Raw Materials Information System.
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Question Id: E5-2_01
Car makers consume large amounts of raw materials, and a conscientious planning of the manufacturing process is essential to the careful management of these resources. Among the most used materials in cars are lightweight elements such as aluminum, polymers, and to a lesser extent other metals (copper, titanium, platinum group, silicon, zinc, magnesium) elastomers, fluids, lithium, light rare earth elements.
Report Date: 4Q2024Relevance: 45%
- 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%