Water Management (E3) has been evaluated as not relevant since water consumption in business as usual of Ferrari operations is not significant. The Company has not carried out consultations with affected communities regarding water and marine resource-related sustainability assessments.

Biodiversity (E4) has been evaluated as not relevant since Ferrari sites are not located in or near biodiversity-sensitive areas. The Company has not identified or assessed actual or potential impacts, dependencies, risks, or opportunities related to biodiversity and ecosystems across its own site locations or its upstream and downstream value chain.

Water Management (E3) has been evaluated as not relevant since water consumption in business as usual of Ferrari operations is not significant. Biodiversity (E4) has been evaluated as not relevant since Ferrari sites are not located in or near biodiversity-sensitive areas.

Water Management (E3) has been evaluated as not relevant since water consumption in business as usual of Ferrari operations is not significant. Biodiversity (E4) has been evaluated as not relevant since Ferrari sites are not located in or near biodiversity-sensitive areas.

Water Management (E3) has been evaluated as not relevant since water consumption in business as usual of Ferrari operations is not significant. Biodiversity (E4) has been evaluated as not relevant since Ferrari sites are not located in or near biodiversity-sensitive areas.

The double materiality assessment methodology involves four main steps: 1) Analysis of the internal and external context, 2) Identification of potential sustainability impacts, risks, and opportunities, 3) Impacts, risks, and opportunity evaluation, and 4) Validation of the impacts, risks, and opportunities. The process includes analyzing Ferrari's strategy, targets, and ambitions, and identifying impacts based on severity and likelihood. A quantitative threshold mechanism is used, with a threshold set higher than 8 out of 25 to identify relevant risks. The assessment is supervised by the Ferrari Group's Chief Financial Officer and approved by the Executive Officers and the Audit Committee.

Our decarbonization strategy defined in 2022 is aligned with the trajectory 'well below 2°C' in order to contribute to ambitions at the international, national and regional level, such as the Paris Agreement. In this context, our most significant environmental efforts are deployed through a program for the reduction of polluting and GHG emissions, both direct and indirect. During our 2022 Capital Markets Day we presented our 2022-2026 Strategic Plan and our decarbonization strategy, detailing our commitment to achieving Carbon Neutrality by 2030 on our entire value chain, addressing direct and indirect GHG emissions. Our decarbonization strategy is aligned with the Transport Science-Based Target setting Guidance of 2015 aligned with the trajectory 'well below 2°C' and entails a reduction of at least 90 percent of our Scope 1 and 2 (market-based method) absolute CO2eq emissions and a reduction of at least 40 percent of our Scope 3 emissions per car, with respect to 2021. Our decarbonization strategy is not defined as 'transition plan' as stated by the ESRS E1-1. Given that we plan to develop our new business plan in 2025, we are currently reviewing these targets.

Our decarbonization strategy defined in 2022 is aligned with the trajectory 'well below 2°C' in order to contribute to ambitions at the international, national and regional level, such as the Paris Agreement. In this context, our most significant environmental efforts are deployed through a program for the reduction of polluting and GHG emissions, both direct and indirect. During our 2022 Capital Markets Day we presented our 2022-2026 Strategic Plan and our decarbonization strategy, detailing our commitment to achieving Carbon Neutrality by 2030 on our entire value chain, addressing direct and indirect GHG emissions. Our decarbonization strategy is aligned with the Transport Science-Based Target setting Guidance of 2015 aligned with the trajectory 'well below 2°C' and entails a reduction of at least 90 percent of our Scope 1 and 2 (market-based method) absolute CO2eq emissions and a reduction of at least 40 percent of our Scope 3 emissions per car, with respect to 2021. Our decarbonization strategy is not defined as 'transition plan' as stated by the ESRS E1-1. Given that we plan to develop our new business plan in 2025, we are currently reviewing these targets.

Ferrari is firmly dedicated to respecting the rights of local communities and to positively contributing to their realization, believing that their cultural and natural heritage, as well as traditions and customs, are key elements for the success of its business and for the whole society. Our support to a range of associations and local authorities is evidence of our commitment in this area. For a detailed description of key contents refer to the Code of Conduct, please refer to the 'GI—Business Conduct—Business conduct policies and corporate culture' paragraph. In addition, the attention to affected communities is also outlined in the Human Rights Practice. For additional information please refer to the 'SI—Own workforce—Human Rights' paragraph. In particular, the affected communities can raise their concerns or needs through the Ethics Helpline, available on our corporate website. The Whistleblowing procedure protects the whistleblower against retaliation.