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Ferrari NV
Ferrari's GHG Emissions Data Preview
In 2024, Ferrari completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Ferrari has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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aVerified Sources Behind Ferrari’s Greenhouse Gas (GHG) Emissions Data
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Insights into Ferrari's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofFerrari amounted to93,429metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Ferraridecreased by 3.48%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
Ferrari's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Ferrari's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Ferrari were 65,338 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Ferrari reduced its Scope 1 emissions over time?
Since 2019, Ferrari's Scope 1 emissions have decreased by 20.85%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year(2023), Ferrari's Scope 1 emissions decreased by 13.36%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
What are Ferrari's Scope 2 emissions?
In 2024, Ferrari reported Scope 2 greenhouse gas (GHG) emissions of 598 tCOâ‚‚e using the market-based method and 28,091 tCOâ‚‚e using the location-based method.a
Has Ferrari reduced its Scope 2 emissions over time?
Since 2019, Ferrari's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 155.77%, reflecting a rising long-term trend in Scope 2 emissions over time.ac
Compared to the previous year(2023), Ferrari's Scope 2 emissions(Location-Based) rose by 31.36% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
What methodology does Ferrari use for Scope 2 reporting?
In 2024, Ferrari reported its Scope 2 emissions using the market-based method and using the location-based method.a
Ferrari's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Ferrari's Value Chain Emissions
In 2024, Ferrari reported 967,182 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Ferrari includes a breakdown across 8of the 15 Scope 3 categories defined by the GHG Protocol,up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Ferrari's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Ferrari's Scope 3 emissions?
In 2024, Ferrari reported total Scope 3 emissions of 967,182 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 62.25%of these emissions originated from upstream activities such as purchased goods and capital goods, while 37.75%came from downstream activities like product use, distribution, and end-of-life treatment.a
What categories of Scope 3 emissions does Ferrari disclose?
In 2024, Ferrari reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Ferrari's Scope 3 emissions?
In 2024, the largest contributors to Ferrari's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 476,410 tCOâ‚‚e(49.26%)
- Use of Sold Products (Cat. 11): 338,256 tCOâ‚‚e(34.97%)
- Capital Goods (Cat. 2): 81,885 tCOâ‚‚e(8.47%)
Ferrari's Scope 3 Emissions by Categories
Insights into Ferrari’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Ferrari reported Scope 1 greenhouse gas (GHG) emissions of 65,338 tCOâ‚‚e and total revenues of USD 6,948 millions. This translates into an emissions intensity of 9.4 tCOâ‚‚e per millions USD.a
Ferrari's Scope 1 Emissions Intensity Compared to Peers
How does Ferrari's GHG emissions intensity compare to its peers?
In 2024, Ferrari reported a Scope 1 emissions intensity of 9.4 tCOâ‚‚e per millions USD. Compared to the peer group median of 5.8, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Ferrari rank on GHG emissions intensity within its industry?
In 2024, Ferrari ranked 21 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Ferrari among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into Ferrari's Total Carbon Footprint
In 2024, Ferrari reported a total carbon footprint of 1,060,611 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 995.75% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Ferrari's total carbon footprint was Scope 3 emissions, accounting for 91.19% of the company's total carbon footprint, followed by Scope 1 emissions at 6.16%.a