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 decreased significantly from previous years, with a marked reduction in Scope 1 and 2 emissions from 92,830,000 kg CO2e in 2021. Ferrari's emissions data indicates a consistent effort to improve efficiency, with the average specific CO2 emissions for its EU fleet reported at about 0.29 kg CO2e per km in 2021. The company has also engaged in various sustainability initiatives, although specific reduction targets have been removed or expired as of June 2022. Ferrari's climate commitments reflect a broader industry trend towards sustainability, with a focus on reducing emissions across all scopes. However, the absence of a long-term net-zero commitment highlights an area for potential growth in their environmental strategy.
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.
