Ferrari Group Sustainability Profile
Ferrari Group, headquartered in Great Britain, is a prominent player in the automotive industry, renowned for its luxury sports cars and high-performance vehicles. Founded in the early 20th century, the company has achieved significant milestones, establishing itself as a symbol of excellence and innovation in automotive engineering. With a strong presence in Europe and expanding operations globally, Ferrari Group focuses on the design, manufacture, and sale of premium automobiles. Its core offerings include a range of iconic models that blend cutting-edge technology with unparalleled craftsmanship, setting them apart in a competitive market. Recognised for its commitment to quality and performance, Ferrari Group has garnered numerous accolades, solidifying its position as a leader in the luxury automotive sector. The brand's legacy continues to thrive, appealing to enthusiasts and collectors alike.
DitchCarbon Score
How does Ferrari Group'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 Leather Products 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 Group's score of 52 is higher than 76% 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 Group's reported carbon emissions
In 2024, Ferrari Group reported total carbon emissions of approximately 30,000,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 25,980,000 kg CO2e. This includes 14,050,000 kg CO2e from business travel and 24,028,000 kg CO2e from upstream transportation and distribution. Scope 1 emissions were reported at about 4,756,000 kg CO2e, while Scope 2 emissions totalled approximately 1,493,000 kg CO2e (market-based). Ferrari Group has set ambitious reduction targets, aiming for a 90% absolute decarbonisation in both Scope 1 and Scope 2 emissions by 2030, compared to 2021 levels. This commitment reflects their strategy to significantly reduce their carbon footprint in the near term. In 2023, the company reported total emissions of about 19,342,000 kg CO2e, with Scope 3 emissions again being the largest contributor at approximately 19,342,000 kg CO2e. Scope 1 and Scope 2 emissions were approximately 4,589,000 kg CO2e and 1,991,000 kg CO2e, respectively. Ferrari Group's emissions data is cascaded from its parent company, Ferrari Group PLC, which provides a comprehensive overview of the organisation's climate impact and commitments. The company is actively working towards its sustainability goals, demonstrating a commitment to reducing its environmental impact in the automotive industry.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 3,092,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 975,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 214,000 | 000,000 | 000,000 | 00,000 | 000,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Ferrari Group's Industry?
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Ferrari Group's Scope 3 Categories Breakdown
Ferrari Group's Scope 3 emissions, which increased by 34% last year and increased significantly since 2018, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Upstream Transportation & Distribution" being the largest emissions source at 92% of Scope 3 emissions.
Top Scope 3 Categories
Ferrari Group'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 Group 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.
