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 54 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ferrari's reported carbon emissions
In 2023, Ferrari reported total carbon emissions of approximately 77,690,000 kg CO2e, comprising 75,409,000 kg CO2e from Scope 1 and 2 emissions, with Scope 3 emissions not disclosed. This marks a significant reduction from previous years, reflecting the company's ongoing commitment to sustainability. Ferrari has not set a net-zero target and has removed its near-term reduction commitments. However, it remains focused on improving its operational efficiency and reducing emissions through various initiatives. The company has reported average specific CO2 emissions for its EU fleet, with values around 0.282 kg CO2e/km in 2007, gradually fluctuating over the years, indicating a commitment to monitoring and improving its environmental impact. Ferrari's headquarters in Italy positions it within a region increasingly focused on automotive sustainability, aligning with broader industry trends towards reduced emissions and enhanced environmental responsibility. The company continues to explore innovative solutions to lower its carbon footprint while maintaining its luxury performance standards.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 000,000 |
| Scope 3 | - | - | - | - | - | 000,000,000 | 000,000,000 | - | 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 not committed to any 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.
