Ferrari Group
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 40 is higher than 71% 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 1,405,000 kg CO2e from business travel and 547,000 kg CO2e from waste generated in operations. 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). Comparatively, in 2023, the company recorded total emissions of around 19,342,000 kg CO2e, with Scope 1 emissions at about 4,589,000 kg CO2e and Scope 2 emissions at approximately 1,991,000 kg CO2e (market-based). The increase in emissions from 2023 to 2024 highlights the challenges faced in reducing carbon footprints, particularly in Scope 3 categories. Ferrari Group has not publicly committed to specific reduction targets under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future improvement. The emissions data is cascaded from its parent company, Ferrari Group PLC, reflecting the broader corporate family's sustainability performance. Overall, Ferrari Group's emissions profile underscores the importance of addressing Scope 3 emissions, which represent the majority of their carbon footprint, as they work towards enhancing their climate commitments and sustainability initiatives.
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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 | 00,000,000 | 00,000,000 |
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 Group is not participating in any of the initiatives that 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.
