Ferrari
ESRS disclosure: ESRS ESRS 2 \ DR IRO-2
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- Provide a comprehensive list of the Disclosure Requirements adhered to in the preparation of your sustainability statement, as determined by the materiality assessment outlined in ESRS 1, Chapter 3. Include specific page numbers or paragraphs where these disclosures are located within the sustainability statement. Additionally, furnish a table enumerating all data points derived from other EU legislation, as specified in Appendix B of this standard. Indicate their respective locations in the sustainability statement, and for those deemed non-material, denote "Not material" in accordance with ESRS 1, Paragraph 35.
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Question Id: IRO-2_01
The table on page 198 provides a list of Disclosure Requirements and related data points derived from other EU legislation, as specified in Appendix B. It includes references to SFDR, Pillar 3, Benchmark Regulation, and EU Climate Law, along with their respective locations in the sustainability statement. For example, ESRS 2 GOV-1 and ESRS 2 GOV-4 are located in 'ESRS 2 - General disclosures | Governance'. For ESRS 2 SBM-1 related to fossil fuel activities, it is noted that 'Ferrari is not active in fossil fuel, chemicals production, controversial weapons and in the cultivation and production of tobacco'.
Report Date: 4Q2024Relevance: 85%
- Provide a comprehensive list of the Disclosure Requirements adhered to in the preparation of your sustainability statement, as determined by the materiality assessment. This list should specify the page numbers and/or paragraphs where each related disclosure is located within the sustainability statement. Additionally, present a table of all datapoints derived from other EU legislation, as outlined in Appendix B of this standard, indicating their location in the sustainability statement. For datapoints assessed as not material, clearly mark them as "Not material" in accordance with ESRS 1 paragraph 35.
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Question Id: IRO-2_02
The table on page 198 provides a list of Disclosure Requirements and related data points derived from other EU legislation, as specified in Appendix B. It includes references to SFDR, Pillar 3, Benchmark Regulation, and EU Climate Law, along with their respective locations in the sustainability statement. For example, ESRS 2 GOV-1 and ESRS 2 GOV-4 are located in 'ESRS 2 - General disclosures | Governance'. For ESRS 2 SBM-1 related to fossil fuel activities, it is noted that 'Ferrari is not active in fossil fuel, chemicals production, controversial weapons and in the cultivation and production of tobacco'.
Report Date: 4Q2024Relevance: 85%
- Provide a comprehensive explanation of the conclusions drawn from your materiality assessment regarding climate change, specifically addressing why climate change is deemed non-material and thus justifying the omission of all disclosure requirements in ESRS E1 Climate Change. Include a forward-looking analysis detailing the conditions that may prompt a future reassessment of climate change as a material factor.
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Question Id: IRO-2_03
Information about the Scenario Analysis was performed taking into consideration climate-related risks and includes consequences in terms of resilience of the strategy are available at 'E1—Climate change—Climate Scenario Analysis' paragraph. No other topic has been covered by a resilience analysis.
Report Date: 4Q2024Relevance: 30%
- Provide a concise explanation of the conclusions from your materiality assessment regarding the non-materiality of topics other than climate change, specifically in relation to the omission of all Disclosure Requirements in the corresponding topical ESRS, as covered by your sustainability statement.
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Question Id: IRO-2_04
Water Management (E3) has been evaluated as not relevant since water consumption in business as usual of Ferrari operations is not significant. Biodiversity (E4) has been evaluated as not relevant since Ferrari sites are not located in or near biodiversity-sensitive areas. The Company has not identified or assessed actual or potential impacts, dependencies, risks, or opportunities related to biodiversity and ecosystems across its own site locations or its upstream and downstream value chain.
Report Date: 4Q2024Relevance: 85%
- Provide a concise explanation of the conclusions drawn from your materiality assessment regarding the non-materiality of topics other than climate change, specifically addressing the omission of all Disclosure Requirements in the corresponding topical ESRS, such as ESRS E3 Water and marine resources.
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Question Id: IRO-2_05
Water Management (E3) has been evaluated as not relevant since water consumption in business as usual of Ferrari operations is not significant. The Company has not carried out consultations with affected communities regarding water and marine resource-related sustainability assessments.
Report Date: 4Q2024Relevance: 80%
- Provide a concise explanation of the conclusions from your materiality assessment regarding the non-materiality of ESRS E4 Biodiversity and ecosystems, as outlined in Disclosure Requirement IRO-2, when omitting all related Disclosure Requirements from your sustainability statement.
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Question Id: IRO-2_06
Biodiversity (E4) has been evaluated as not relevant since Ferrari sites are not located in or near biodiversity-sensitive areas. The Company has not identified or assessed actual or potential impacts, dependencies, risks, or opportunities related to biodiversity and ecosystems across its own site locations or its upstream and downstream value chain.
Report Date: 4Q2024Relevance: 85%
- Provide a concise explanation of the conclusions from your materiality assessment if you determine that a topic, excluding climate change, is not material and subsequently omit all Disclosure Requirements in the corresponding topical ESRS.
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Question Id: IRO-2_10
Water Management (E3) has been evaluated as not relevant since water consumption in business as usual of Ferrari operations is not significant. Biodiversity (E4) has been evaluated as not relevant since Ferrari sites are not located in or near biodiversity-sensitive areas.
Report Date: 4Q2024Relevance: 85%
- Provide a concise explanation of the conclusions from your materiality assessment for topics deemed non-material, excluding climate change, and omitted from the corresponding topical ESRS in your sustainability statement.
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Question Id: IRO-2_11
Water Management (E3) has been evaluated as not relevant since water consumption in business as usual of Ferrari operations is not significant. Biodiversity (E4) has been evaluated as not relevant since Ferrari sites are not located in or near biodiversity-sensitive areas.
Report Date: 4Q2024Relevance: 90%
- Provide a concise explanation of the conclusions from your materiality assessment if you have determined that a topic, excluding climate change, is not material and have consequently omitted all Disclosure Requirements in the relevant topical ESRS.
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Question Id: IRO-2_12
Water Management (E3) has been evaluated as not relevant since water consumption in business as usual of Ferrari operations is not significant. Biodiversity (E4) has been evaluated as not relevant since Ferrari sites are not located in or near biodiversity-sensitive areas.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed explanation of the methodology employed to determine the material information for disclosure concerning material impacts, risks, and opportunities. This should include any thresholds applied and the criteria from ESRS 1 section 3.2 regarding material matters and materiality of information that have been implemented.
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Question Id: IRO-2_13
The double materiality assessment methodology involves four main steps: 1) Analysis of the internal and external context, 2) Identification of potential sustainability impacts, risks, and opportunities, 3) Impacts, risks, and opportunity evaluation, and 4) Validation of the impacts, risks, and opportunities. The process includes analyzing Ferrari's strategy, targets, and ambitions, and identifying impacts based on severity and likelihood. A quantitative threshold mechanism is used, with a threshold set higher than 8 out of 25 to identify relevant risks. The assessment is supervised by the Ferrari Group's Chief Financial Officer and approved by the Executive Officers and the Audit Committee.
Report Date: 4Q2024Relevance: 85%