Ferrari Sustainability Profile
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 69 is higher than 82% 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 2024, Ferrari reported total carbon emissions of approximately 1,033,118,000 kg CO2e globally, with Scope 1 emissions at about 65,338 kg CO2e and Scope 2 emissions at approximately 598,000 kg CO2e (market-based). Notably, the company has not disclosed Scope 3 emissions for this year. In Italy, Ferrari's emissions were approximately 64,332,000 kg CO2e for Scope 1 and about 68,000 kg CO2e for Scope 2 (market-based). Ferrari has set ambitious climate commitments, aiming for a 90% reduction in Scope 1 and Scope 2 emissions by 2030 compared to 2021 levels. Additionally, the company targets a 50% reduction in Scope 3 downstream emissions per car and a 30% reduction in Scope 3 upstream emissions per car by 2030, both relative to 2021. Furthermore, Ferrari is committed to achieving carbon neutrality by 2030, with plans to calculate its carbon footprint across a subset of products and processes as part of this initiative. In 2023, Ferrari's emissions were approximately 754,090,000 kg CO2e globally, with Scope 1 emissions at about 75,409,000 kg CO2e and Scope 2 emissions at approximately 2,282,000 kg CO2e (market-based). The company has previously achieved a 35% reduction in CO2 emissions for its European fleet from 2007 to 2020, demonstrating its ongoing commitment to sustainability. Ferrari's emissions data is sourced directly from the company, with no cascading from a parent organization. The company continues to focus on reducing its carbon footprint while enhancing energy efficiency across its operations.
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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 |
| Scope 2 | 9,105,000 | 0,000,000 | 0,000,000 | 00,000,000 | 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 |
How Carbon Intensive is Ferrari's Industry?
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Ferrari's Scope 3 Categories Breakdown
Ferrari's Scope 3 emissions, which increased by 61% last year and increased by approximately 9% since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 39% of Scope 3 emissions.
Top Scope 3 Categories
Ferrari's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Ferrari has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Ferrari's sustainability data and climate commitments