Ferrari
ESRS disclosure: ESRS E5 \ DR E5-2 \ Paragraph 20c
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- Provide a detailed account of how your organization applies circular design principles, specifically focusing on actions and resources that enhance product durability and optimize usage. Include information on how these efforts contribute to increased rates of reuse, repair, refurbishing, remanufacture, repurposing, and recycling.
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Question Id: E5-2_03
Ferrari has embraced circular economy principles by designing products with durability, reparability, and recyclability in mind. Ferrari cars are expected to have a durability of at least 80 years, based on Ferrari’s manufacturing history. The substitution of spare parts throughout a car’s lifespan is driven by clients’ demand for parts to personalize their cars and maximize performance, ensuring and guaranteeing the reparability of products.
Report Date: 4Q2024Relevance: 80%
- 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%