In 2024, there were no incidents in Ferrari’s value chain directly involving the Company or its employees.

In 2024, there were no incidents in Ferrari’s value chain directly involving the Company or its employees.

The implementation of the Code of Conduct is supervised by the FLT members, with regards to their department.

The Days Payable Outstanding (DPO) is 65 days.

We generally pay our supplier within 60 days from the date of the invoice or from the end of the month when the invoice has been issued (standard payment terms), but single set of terms are usually agreed with suppliers of both services and material. The percentage of payments aligned with standard payment terms (within 60 days) is 95 percent, and for the SMEs the percentage does not differ significantly.

As of December 31, 2024, there were no outstanding legal proceedings for late payments.

Ferrari does not have a formal policy with regard to late payments, however, it adopts clear and well-defined procedures for managing payments to suppliers, especially to small and medium enterprises (SMEs - Small and Medium Enterprises). The Days Payable Outstanding (DPO) is 65 days. Considering SMEs only, the average number of days are the same. These data refer to all payment transactions made to third party suppliers only through cash outflows or offsets by Ferrari S.p.A. in 2024, and the above indicated DPO is computed as the average number of days recorded between the date when the contractual or statutory terms of payment for each invoice starts to be calculated and the actual payment date, weighted by the amount of the invoice. The payment of certain invoices may occur after the original due date as a result of additional verification and control procedures that may be required for certain purchases prior to paying.

The implementation of the Code of Conduct is supervised by the FLT members, with regards to their department. The practice covers the following IROs: "Promote awareness and culture about ethics of Ferrari management, employees, business partners and other stakeholders, through specific tools (Whistleblowing channel) and training", "Potential non-compliance with Anticorruption Laws requirements due to external context or internal elements" and "Supply chain ESG due diligence - factors considered in selecting and monitoring suppliers on environmental and social issues can have an impact on consumer demand, reputational risks and the ability to effectively manage sourcing". IROs in relation to business conduct matters have been identified during the double materiality assessment with focus on certain specific elements including location, activity, sector and the structure of the transaction.

For information about the role of the Board of Directors related to business conduct and their expertise on business matters refers to the "ESRS 2—General disclosures—Governance" paragraph, in particular to the column "Corporate Governance and Risk management" of the Board of Director’s "Skills".

As of December 31, 2024, there are 2 executive members in the Board of Directors: John Elkann and Benedetto Vigna.