Ferrari
ESRS disclosure
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- Identify and describe the function and the most senior role within your organization that holds operational responsibility for ensuring engagement with value chain workers occurs, and that the outcomes of such engagement inform your organization's approach. Provide details on whether and how the perspectives of value chain workers influence your decisions or activities aimed at managing actual and potential impacts on them.
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Question Id: S2-2_04
Currently, we do not have formalized processes to systematically address potential negative impacts that could affect workers in our supply chain.
Report Date: 4Q2024Relevance: 20%
- Provide a detailed account of whether and how the perspectives of value chain workers are integrated into your decision-making processes or activities concerning the management of actual and potential impacts on these workers. Include, where applicable, a description of any Global Framework Agreements or other agreements with global union federations that pertain to the respect of human rights of workers within the value chain. Additionally, explain how such agreements facilitate the undertaking's understanding of the workers' perspectives, particularly in relation to their right to bargain collectively.
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Question Id: S2-2_05
Our current practice does not entail the direct involvement of value chain workers or their representatives in the assessment of impacts, both actual and potential, that might affect them.
Report Date: 4Q2024Relevance: 25%
- Provide a detailed account of whether and how the perspectives of value chain workers are integrated into your decision-making processes or activities concerning the management of actual and potential impacts on these workers. Include an explanation of how the effectiveness of your engagement with value chain workers is assessed, specifying any relevant agreements or outcomes that have been achieved.
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Question Id: S2-2_06
Our current practice does not entail the direct involvement of value chain workers or their representatives in the assessment of impacts, both actual and potential, that might affect them.
Report Date: 4Q2024Relevance: 30%
- Provide a detailed account of the steps your organization has implemented to gain insight into the perspectives of value chain workers who may be particularly vulnerable to impacts or marginalized, such as women workers, migrant workers, and workers with disabilities.
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Question Id: S2-2_07
Currently, we do not have detailed information on the presence of value chain workers who could be particularly vulnerable to the negative impacts identified through the Double materiality analysis.
Report Date: 4Q2024Relevance: 10%
- Has the undertaking failed to adopt a general process for engaging with value chain workers regarding impacts? If so, disclose this fact and provide a timeframe for when such a process will be implemented.
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Question Id: S2-2_08
Currently, we do not have formalized processes to systematically address potential negative impacts that could affect workers in our supply chain. However, in daily practice, Ferrari is committed to taking proactive measures when it becomes aware of a possible involvement in situations of human rights violations associated with workers in our supply chain.
Report Date: 4Q2024Relevance: 60%
- Has the undertaking adopted a general process to engage with workers in the value chain regarding impacts? If not, disclose the absence of such a process and provide a timeframe within which the undertaking intends to implement this process.
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Question Id: S2-2_09
Currently, we do not have formalized processes to systematically address potential negative impacts that could affect workers in our supply chain. However, in daily practice, Ferrari is committed to taking proactive measures when it becomes aware of a possible involvement in situations of human rights violations associated with workers in our supply chain.
Report Date: 4Q2024Relevance: 60%
- Describe the undertaking's general approach and processes for providing or contributing to a remedy when it has caused or contributed to a material negative impact on value chain workers. Include details on whether and how the undertaking assesses the effectiveness of the remedy provided.
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Question Id: S2-3_01
Regarding the ethics violations reporting channels made available by Ferrari, as specified in the "GI Business Conduct—Whistleblowing" paragraph, our official Ethics Helpline also allows workers in the value chain to report violations of the Code of Conduct. However, there is no dedicated activity to assess whether value chain workers are aware of this channel even if it is publicly available on Ferrari corporate website. Currently, we do not have formalized processes to systematically address potential negative impacts that could affect workers in our supply chain. However, in daily practice, Ferrari is committed to taking proactive measures when it becomes aware of a possible involvement in situations of human rights violations associated with workers in our supply chain. In such cases, our Company proceeds with a direct approach, contacting the supplier involved to initiate a constructive dialogue. This exchange is aimed at obtaining clarification and detailed information on the specific circumstances. This not only allows us to better understand the situation, but also to work together with the supplier to find appropriate solutions and ensure decent working conditions for all workers.
Report Date: 4Q2024Relevance: 65%
- Provide a detailed description of the specific channels established for value chain workers to directly communicate their concerns or needs to the undertaking, and outline the processes in place to address these issues. Indicate whether these channels are internally developed by the undertaking or facilitated through third-party mechanisms.
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Question Id: S2-3_02
Regarding the ethics violations reporting channels made available by Ferrari, as specified in the "GI Business Conduct—Whistleblowing" paragraph, our official Ethics Helpline also allows workers in the value chain to report violations of the Code of Conduct. However, there is no dedicated activity to assess whether value chain workers are aware of this channel even if it is publicly available on Ferrari corporate website. Currently, we do not have formalized processes to systematically address potential negative impacts that could affect workers in our supply chain. However, in daily practice, Ferrari is committed to taking proactive measures when it becomes aware of a possible involvement in situations of human rights violations associated with workers in our supply chain. In such cases, our Company proceeds with a direct approach, contacting the supplier involved to initiate a constructive dialogue. This exchange is aimed at obtaining clarification and detailed information on the specific circumstances. This not only allows us to better understand the situation, but also to work together with the supplier to find appropriate solutions and ensure decent working conditions for all workers.
Report Date: 4Q2024Relevance: 65%
- Provide a detailed account of the processes your organization employs to support or mandate the availability of channels for value chain workers to raise concerns within their workplace.
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Question Id: S2-3_03
Regarding the ethics violations reporting channels made available by Ferrari, as specified in the "GI Business Conduct—Whistleblowing" paragraph, our official Ethics Helpline also allows workers in the value chain to report violations of the Code of Conduct. However, there is no dedicated activity to assess whether value chain workers are aware of this channel even if it is publicly available on Ferrari corporate website. Currently, we do not have formalized processes to systematically address potential negative impacts that could affect workers in our supply chain. However, in daily practice, Ferrari is committed to taking proactive measures when it becomes aware of a possible involvement in situations of human rights violations associated with workers in our supply chain. In such cases, our Company proceeds with a direct approach, contacting the supplier involved to initiate a constructive dialogue. This exchange is aimed at obtaining clarification and detailed information on the specific circumstances. This not only allows us to better understand the situation, but also to work together with the supplier to find appropriate solutions and ensure decent working conditions for all workers.
Report Date: 4Q2024Relevance: 65%
- Provide a detailed explanation of the processes implemented to track and monitor issues raised and addressed within your organization. Additionally, describe the measures taken to ensure the effectiveness of the channels available for value chain workers to raise concerns, including the involvement of stakeholders who are the intended users.
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Question Id: S2-3_04
Regarding the ethics violations reporting channels made available by Ferrari, as specified in the "GI Business Conduct—Whistleblowing" paragraph, our official Ethics Helpline also allows workers in the value chain to report violations of the Code of Conduct. However, there is no dedicated activity to assess whether value chain workers are aware of this channel even if it is publicly available on Ferrari corporate website. Currently, we do not have formalized processes to systematically address potential negative impacts that could affect workers in our supply chain. However, in daily practice, Ferrari is committed to taking proactive measures when it becomes aware of a possible involvement in situations of human rights violations associated with workers in our supply chain. In such cases, our Company proceeds with a direct approach, contacting the supplier involved to initiate a constructive dialogue. This exchange is aimed at obtaining clarification and detailed information on the specific circumstances. This not only allows us to better understand the situation, but also to work together with the supplier to find appropriate solutions and ensure decent working conditions for all workers.
Report Date: 4Q2024Relevance: 65%