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 33 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Ferrari Group's reported carbon emissions
In 2023, Ferrari Group reported significant carbon emissions, totalling approximately 16,511,000 kg CO2e. This figure includes 16,511,000 kg CO2e from Scope 1 emissions, 6,973,000 kg CO2e from Scope 2 (market-based), and 1,428,000 kg CO2e from Scope 3 emissions. The previous years' emissions show a trend of increasing carbon output, with 2022 emissions at about 5,580,000 kg CO2e for Scope 1, 1,147,000 kg CO2e for Scope 2 (market-based), and 111,000 kg CO2e for Scope 3. In 2021, the company reported 4,268,000 kg CO2e in Scope 1, 1,147,000 kg CO2e in Scope 2 (market-based), and 74,000 kg CO2e in Scope 3. Despite the rising emissions, Ferrari Group has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to operate within the automotive industry, which faces increasing scrutiny regarding carbon emissions and sustainability practices. Ferrari Group's emissions data reflects the challenges of balancing production demands with climate commitments, highlighting the need for ongoing efforts to address carbon footprints in the automotive sector.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 3,092,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 2 | 975,000 | 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 | 0,000,000 |
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 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.
