Ferrari
Ferrari N.V., commonly known as Ferrari, is a prestigious Italian luxury sports car manufacturer headquartered in Maranello, Italy. Founded in 1939 by Enzo Ferrari, the company has become synonymous with high-performance vehicles and motorsport excellence, particularly in Formula 1 racing. Ferrari operates primarily in the automotive industry, focusing on the design, engineering, and production of premium sports cars. Its core products include iconic models such as the Ferrari 488 and the LaFerrari, renowned for their cutting-edge technology and unparalleled craftsmanship. With a strong market position, Ferrari has achieved numerous accolades, including multiple Constructors' Championships in Formula 1, solidifying its reputation as a leader in both performance and luxury. The brand's commitment to innovation and exclusivity continues to set it apart in the competitive automotive landscape.
DitchCarbon Score
How does Ferrari's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Motor Vehicle Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ferrari's score of 33 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Ferrari's reported carbon emissions
In 2023, Ferrari reported total carbon emissions of approximately 77,690,000 kg CO2e, which includes 75,409,000 kg CO2e from Scope 1 and 2 emissions combined. The company has shown a commitment to reducing its carbon footprint, although it has not set a net-zero target. Notably, Ferrari's emissions have been tracked over the years, with a significant focus on improving the efficiency of its fleet. Ferrari's average specific CO2 emissions for its EU fleet have varied slightly, with figures around 0.282 kg CO2e/km in 2007 and 0.316 kg CO2e/km in 2020. The company has made strides in reducing its Scope 1 and 2 emissions, with a reported decrease in emissions intensity over the years. Despite these efforts, Ferrari's near-term reduction targets have been removed, indicating a shift in their strategic approach to climate commitments. The company is currently not committed to any long-term reduction targets or net-zero goals, which places it in a challenging position within the automotive sector, where many competitors are actively pursuing aggressive climate strategies. Ferrari's headquarters is located in Italy, and it operates within the European automotive market, which is increasingly focused on sustainability and emissions reduction. As the industry evolves, Ferrari's future commitments to climate action will be crucial in maintaining its competitive edge and reputation.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 92,319,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 767,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | 000,000,000 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ferrari is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
