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 28 is higher than 95% 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 2023, Ferrari Group reported total carbon emissions of approximately 16,511,000 kg CO2e, comprising 5,558,000 kg CO2e from Scope 1, 6,973,000 kg CO2e from Scope 2 (market-based), and 1,428,000 kg CO2e from Scope 3 emissions. This marks a significant increase in emissions compared to previous years, with 2022 emissions at about 6,000,000 kg CO2e for Scope 1, 1,147,000 kg CO2e for Scope 2 (market-based), and 111,000 kg CO2e for Scope 3. Ferrari has not publicly committed to specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, the company continues to disclose its emissions data across all three scopes, indicating a commitment to transparency in its climate impact reporting. The automotive industry is under increasing pressure to reduce carbon footprints, and Ferrari's emissions data reflects the challenges faced by luxury car manufacturers in balancing production demands with sustainability goals.
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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 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.
