Ferrari
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 71 is higher than 86% 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 significant contributions from Scope 3 emissions, which accounted for about 967,182,000 kg CO2e. Scope 1 emissions were approximately 65,338,000 kg CO2e, while Scope 2 emissions totalled about 598,000 kg CO2e (market-based). In Italy, the company reported Scope 1 emissions of about 64,332,000 kg CO2e and Scope 2 emissions of approximately 68,000 kg CO2e. Ferrari has set ambitious reduction targets, aiming for a 90% absolute reduction in Scope 1 and 2 emissions by 2030 compared to 2021 levels. Additionally, the company targets a 50% reduction in Scope 3 downstream emissions per car by 2030 and a 30% reduction in Scope 3 upstream emissions per car by the same year. These initiatives reflect Ferrari's commitment to sustainability and carbon neutrality, with a goal to achieve carbon neutrality by 2030. Ferrari's ongoing efforts include calculating its carbon footprint across various products and processes, which is essential for meeting its long-term climate objectives. The company has previously achieved a 35% reduction in CO2 emissions for its European fleet from 2007 to 2020, demonstrating its capability to implement effective emissions reduction strategies.
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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 | 00,000,000 |
| Scope 2 | 767,000 | 000,000 | 000,000 | 0,000,000 | 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 |
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 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.
