Who Owns Ferrari?

Ferrari has set a target of carbon neutrality by 2030. The company reported Scope 1 and 2 emissions of 77,691 tonnes CO2-equivalent in 2023, down from 84,012 tonnes in 2022. This reduction was achieved through electrification of the Maranello plant and renewable energy investments. However, Ferrari's Scope 3 emissions (primarily from vehicle use) are not included in the carbon neutrality target and represent the majority of the company's total carbon footprint.

Ferrari has invested in renewable energy infrastructure at Maranello, including a 1 MW solid oxide fuel cell plant that reduces gas consumption by 20%. The company is expanding solar power capacity with a target of 10 MW peak output by 2030. These investments are self-reported and have not been independently audited beyond regulatory requirements.

Ferrari's first fully electric vehicle is scheduled for reveal on October 9, 2025, at the Maranello headquarters. The company targets at least 50% of its lineup being electrified (hybrid or fully electric) by 2030. As of 2025, Ferrari offers four hybrid models: the SF90 Stradale, SF90 Spider, 296 GTB, and 296 GTS. The company has not announced a date for phasing out internal combustion engines entirely.

Ferrari is exploring synthetic fuels (e-fuels) as a potential alternative for future combustion models. The company has invested in research into sustainable fuel technology, which could allow Ferrari to continue producing combustion-engine vehicles with reduced carbon emissions. However, synthetic fuels are not yet commercially viable at scale, and their environmental benefits are debated.

Ferrari does not hold B Corp certification, ISO 14001 certification, or similar independently verified environmental management certifications that are publicly documented. The company's sustainability claims are self-reported through its annual sustainability report and corporate website. Ferrari's sustainability reporting follows GRI (Global Reporting Initiative) standards, which provide a framework for disclosure but do not constitute third-party certification of claims.

The company has launched Bosco Ferrari, a reforestation project in Italy, and partners with ClimateSeed on Verra-certified carbon credit projects. Carbon offsets are a mechanism for compensating for emissions rather than reducing them, and their effectiveness is debated among environmental scientists.

Ferrari's supply chain ethics are governed by its Code of Conduct and supplier standards. The company states that it requires suppliers to comply with environmental and labor standards. However, Ferrari does not publicly disclose supplier audit results or specific sourcing details for critical materials like lithium, cobalt, and rare earth elements used in batteries and electronics.

Ferrari received the Red Dot Design Award "Best of the Best" in 2025 for three models: the 12Cilindri, 12Cilindri Spider, and F80. The Red Dot Design Award is a recognized international design competition based in Essen, Germany. The "Best of the Best" designation is the highest award level, given to approximately 1% of entries.

The Ferrari 12Cilindri won the Car Design Award in the Production Cars category in April 2025. The Car Design Award is organized by Auto Design, an Italian automotive design publication, and has been awarded annually since 1984. The 12Cilindri and 12Cilindri Spider also won the 2025 iF Design Gold Award. The iF Design Award is based in Hannover, Germany, and is one of the oldest independent design awards, operating since 1953.

Ferrari won the FIA World Endurance Championship (WEC) Hypercar manufacturers' title in 2025, with the 499P prototype. Ferrari - AF Corse secured the championship across eight rounds. This was Ferrari's second consecutive WEC manufacturers' title, following its 2024 victory. Ferrari also won the 24 Hours of Le Mans in 2023 and 2024 with the 499P, marking the brand's return to overall Le Mans victory after 50 years (the previous win was in 1965 with the 250 LM).

Scuderia Ferrari holds the record for most Formula 1 Constructors' Championships (16) and most Drivers' Championships (15). However, Ferrari has not won a Constructors' Championship since 2008 or a Drivers' Championship since 2007. The team's 17-year championship drought is the longest in its history.

Ferrari's financial performance has been recognized by financial analysts and business publications. The company's 2024 revenue of 6.68 billion euros and 28.5% operating margin have been cited as evidence of the strength of Ferrari's controlled-scarcity business model. CEO Benedetto Vigna's strategy of "quality of revenues over volumes" has been discussed in Harvard Business School case studies.

Ferrari recalled approximately 23,000 vehicles in 2022 due to a potential brake fluid leak issue that could cause brake failure. The recall affected multiple models produced between 2005 and 2022, including the 458 Italia, 488 GTB, California T, and Portofino. The recall was filed with the NHTSA in the United States and equivalent bodies in other markets. Ferrari addressed the issue by replacing brake fluid reservoir caps at no cost to owners.

In 2024, Ferrari recalled approximately 1,400 SF90 Stradale and SF90 Spider vehicles due to a software issue that could cause the rearview camera image to fail, violating U.S. Federal Motor Vehicle Safety Standards. The recall was addressed through a software update.

Ferrari's Formula 1 program has faced controversies. In 2019, the FIA investigated Ferrari's power unit following unusual performance gains. The investigation resulted in a confidential settlement between the FIA and Ferrari, the terms of which were never publicly disclosed. Seven of the ten F1 teams issued a joint statement expressing dissatisfaction with the lack of transparency. The incident damaged Ferrari's relationship with rival teams and raised questions about the integrity of the sport's governance. No formal penalty was imposed on Ferrari.

In 2025, Ferrari's F1 team faced performance issues with the SF-25 car. The car failed to match performance levels seen in simulations, requiring the team to raise ride height to address technical issues. Lewis Hamilton joined Ferrari in 2025 after leaving Mercedes, a high-profile driver move that generated significant media attention. The team's performance in the first half of the 2025 season was below expectations, drawing criticism from fans and media.

Ferrari faced criticism in 2020 when it delayed the launch of the SF1000 F1 car during the COVID-19 pandemic. The company was accused of using the delay to make significant changes to the car's design following the FIA power unit investigation, though Ferrari denied this.

Ferrari's transition to electrification has drawn mixed reactions from enthusiasts. Some traditionalists have expressed concern that an electric Ferrari will lack the emotional appeal of the brand's V12 engines. CEO Benedetto Vigna has stated that the electric Ferrari will deliver performance and driving engagement consistent with the brand's standards, but the vehicle has not yet been tested by independent reviewers as of August 2025.

Ferrari has not been involved in emissions cheating scandals like Volkswagen's "Dieselgate." However, the 2019 FIA power unit investigation raised questions about whether Ferrari's F1 engine operated within technical regulations, and the confidential settlement left the matter unresolved publicly.