Ferrari
ESRS disclosure
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- Provide the total number of non-executive members within the administrative, management, and supervisory bodies of the undertaking, as required by Disclosure Requirement GOV-1 concerning the composition and diversity of these bodies.
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Question Id: GOV-1_02
As of December 31, 2024, there are 9 non-executive members in the Board of Directors.
Report Date: 4Q2024Relevance: 95%
- Provide detailed information regarding the representation of employees and other workers within the administrative, management, and supervisory bodies of the undertaking, as required by Disclosure Requirement GOV-1.
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Question Id: GOV-1_03
As of today, according to the applicable laws and the Regulation of the Board, at the level of the Company no works council or similar employee participation bodies are required to be installed.
Report Date: 4Q2024Relevance: 50%
- Provide detailed information regarding the experience of members within the administrative, management, and supervisory bodies that is pertinent to the sectors, products, and geographic locations associated with the undertaking, as per Disclosure Requirement GOV-1.
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Question Id: GOV-1_04
All Board Members have knowledge and expertise on business ethics, corporate governance and regulatory affairs. Moreover, more than half of Board Members have developed experiences in social engagements and environmental issues.
Report Date: 4Q2024Relevance: 60%
- Provide the percentage composition by gender and other diversity aspects of the members within your administrative, management, and supervisory bodies. Calculate the board's gender diversity as an average ratio of female to male board members.
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Question Id: GOV-1_05
As of December 31, 2024, the Board's gender composition is 27% female and 73% male. The gender diversity ratio is calculated as an average ratio of female to male board members.
Report Date: 4Q2024Relevance: 20%
- Provide the percentage representation of each gender within the administrative, management, and supervisory bodies of your organization, as well as any other diversity aspects deemed relevant. Specifically, calculate and disclose the board's gender diversity ratio as the average ratio of female to male board members.
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Question Id: GOV-1_06
As of December 31, 2024, the Board's gender composition is 27% female and 73% male. The gender diversity ratio is calculated as an average ratio of female to male board members.
Report Date: 4Q2024Relevance: 50%
- Provide the percentage of independent board members within your administrative, management, and supervisory bodies. For entities with a unitary board structure, specify the percentage of independent non-executive board members. For those with a dual board structure, indicate the percentage of independent members within the supervisory body.
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Question Id: GOV-1_07
Nine Directors qualify as independent (representing a majority). In percentage terms, the share of independent members of the Board according to the NYSE Rule is 82%, whereas according to the Dutch Corporate Governance Code the percentage is 73%.
Report Date: 4Q2024Relevance: 90%
- Provide detailed information regarding the identity of the administrative, management, and supervisory bodies, or the individual(s) within these bodies, who are responsible for overseeing impacts, risks, and opportunities. This disclosure should encompass the roles and responsibilities of these entities as outlined in Disclosure Requirement GOV-1.
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Question Id: GOV-1_08
The Chief Financial Officer is responsible for sustainability. The Board of Directors, ESG Committee, Audit Committee, and Compensation Committee are involved in overseeing impacts, risks, and opportunities.
Report Date: 4Q2024Relevance: 65%
- Provide a detailed account of the roles and responsibilities of the administrative, management, and supervisory bodies, specifically focusing on management's role in governance processes, controls, and procedures utilized to monitor, manage, and oversee impacts, risks, and opportunities.
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Question Id: GOV-1_10
The Board of Directors is responsible for considering the ability to control and manage risks crucial to achieve its identified business targets and to ensure continuity of the Group. The Board of Directors designs, implements, and maintains internal risk management and control systems. The Ferrari Leadership Team is responsible for the deployment and maintenance of a risk management system across business functions.
Report Date: 4Q2024Relevance: 65%
- Provide a detailed account of the governance processes, controls, and procedures utilized by your administrative, management, and supervisory bodies to monitor, manage, and oversee impacts, risks, and opportunities. Specifically, describe management's role within these processes, indicating whether this role is delegated to a specific management-level position or committee. Additionally, elucidate on the mechanisms through which oversight is exercised over the designated position or committee.
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Question Id: GOV-1_11
The Board of Directors is responsible for considering the ability to control and manage risks crucial to achieve its identified business targets and to ensure continuity of the Group. The Board of Directors designs, implements, and maintains internal risk management and control systems. The Ferrari Leadership Team is responsible for the deployment and maintenance of a risk management system across business functions.
Report Date: 4Q2024Relevance: 65%
- Provide a detailed account of the roles and responsibilities of the administrative, management, and supervisory bodies, specifically focusing on the governance processes, controls, and procedures utilized to monitor, manage, and oversee impacts, risks, and opportunities. Include comprehensive information regarding the reporting lines to these bodies.
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Question Id: GOV-1_12
The Board of Directors, ESG Committee, Audit Committee, and Compensation Committee are involved in overseeing impacts, risks, and opportunities. The Chief Financial Officer is responsible for sustainability and reports back to the Board of Directors.
Report Date: 4Q2024Relevance: 60%