Ferrari
ESRS disclosure
Tags Tree
- Has the undertaking reported any severe human rights issues and incidents connected to affected communities? If applicable, disclose these incidents.
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Question Id: S3-4_11
In 2024, to the best of Ferrari's knowledge, there were no severe human rights issues or incidents, nor any cases of non-respect of the human rights principle embodied into the internationally recognized standards among affected communities.
Report Date: 4Q2024Relevance: 90%
- What resources has your company allocated to manage its material impacts on affected communities, and how do these resources contribute to the management of material risks and opportunities related to these communities? Additionally, provide information that allows users to understand the effectiveness of these actions.
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Question Id: S3-4_12
Ferrari has installed a Miri Classroom at a local elementary school, providing immersive and inclusive learning environments. They continue work with the e.DO Learning Center, offering students opportunities to learn about artificial intelligence and new technologies. Ferrari has been a partner of 'ITS Maker', providing students with practical skills and internships. They are also involved in the Motorvehicle University of Emilia-Romagna (MUNER), promoting inclusivity in STEM fields and motorsports. These initiatives are aimed at supporting the local community and enhancing educational opportunities.
Report Date: 4Q2024Relevance: 65%
- Provide a detailed disclosure on whether and how your organization seeks to utilize leverage with relevant business relationships to manage material negative impacts on affected communities, specifically focusing on the interests, views, and rights of value chain workers as outlined in ESRS 2 SBM-2 paragraph 43. This should include an explanation of how these considerations inform your strategy and business model, with particular emphasis on respecting human rights.
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Question Id: S3-4_13
Ferrari is firmly dedicated to respecting the rights of local communities and contributing positively 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. Their support to a range of associations and local authorities is evidence of their commitment in this area.
Report Date: 4Q2024Relevance: 45%
- Provide a detailed account of the process your organization employs to establish targets aimed at managing material negative impacts, enhancing positive impacts, and addressing material risks and opportunities. Specify whether and how your organization has engaged directly with affected communities, their legitimate representatives, or credible proxies with insight into their situation. Additionally, describe the actions taken concerning material impacts on affected communities, the strategies for managing material risks, and the pursuit of material opportunities related to these communities. Include an evaluation of the effectiveness of these actions, particularly in relation to environmental matters as outlined in ESRS E1 to E5.
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Question Id: S3-4_14
Ferrari is strongly dedicated to actions and initiatives that have a positive impact on the affected communities, even though no specific targets have been set. Every initiative promoted is constantly monitored and measured with regard to its effects on the affected communities through qualitative indicators. The effectiveness of each action is reported.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of the process your organization employs to establish targets related to managing material negative impacts, advancing positive impacts, and addressing material risks and opportunities. Specifically, disclose whether and how your organization has engaged directly with affected communities, their legitimate representatives, or credible proxies with insight into their situation. Additionally, describe the role these communities, representatives, or proxies play in decision-making processes concerning the design and implementation of initiatives or programs aimed at delivering positive impacts based on the needs of the affected communities.
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Question Id: S3-4_15
Ferrari engages with affected communities through educational initiatives, collaborating with technical schools and universities. They conduct surveys, focus groups, and interviews with students to gain insight and understand challenges and needs. The committee explores reasons behind gaps and lack of opportunities, particularly for students pursuing STEM and motorsports careers.
Report Date: 4Q2024Relevance: 60%
- Provide detailed information regarding the intended or achieved positive outcomes of your programmes or investments for affected communities. Include a description of the process for setting targets, specifying whether and how direct engagement with affected communities, their legitimate representatives, or credible proxies was conducted. Additionally, outline the actions taken to address material impacts, manage material risks, and pursue opportunities related to these communities, and evaluate the effectiveness of these actions.
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Question Id: S3-4_16
Ferrari aims to promote education within the local community by establishing long-term relationships with technical schools, participating in orientation committees, and implementing training of trainers (TOT) activities. They donate Ferrari equipment and participate in public tenders to finance technical classrooms and labs in collaboration with local schools. Ferrari is also a partner of the Motorvehicle University of Emilia-Romagna (MUNER), advancing educational initiatives for inclusivity in STEM fields and motorsports. They conduct surveys, focus groups, and interviews with students to gain insight and understand challenges and needs. The committee explores reasons behind gaps and lack of opportunities, particularly for students pursuing STEM and motorsports careers.
Report Date: 4Q2024Relevance: 80%
- Provide a detailed explanation of the approximate scope of affected communities encompassed by the social investment or development programs described. Additionally, if applicable, elucidate the rationale behind the selection of these specific communities for the implementation of the respective social investment or development programs.
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Question Id: S3-4_17
Affected communities included in the scope of the disclosure under ESRS 2 are mainly communities located near the production plants. Ferrari engages with these communities through educational initiatives and collaborations with local schools and universities.
Report Date: 4Q2024Relevance: 65%
- Identify and describe any initiatives or processes your organization has implemented that primarily aim to deliver positive impacts for affected communities, while also supporting the achievement of one or more Sustainable Development Goals. Specify if these initiatives or processes are designed to address material risks and opportunities related to specific groups within your value chain workers, such as particular age groups or workers in specific factories or countries, rather than the entire workforce.
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Question Id: S3-4_18
Ferrari has installed a Miri Classroom at a local elementary school, providing immersive and inclusive learning environments. They continue work with the e.DO Learning Center, offering students opportunities to learn about artificial intelligence and new technologies. Ferrari has been a partner of 'ITS Maker', providing students with practical skills and internships. They are also involved in the Motorvehicle University of Emilia-Romagna (MUNER), promoting inclusivity in STEM fields and motorsports. These initiatives are aimed at supporting the local community and enhancing educational opportunities.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed description of the internal functions involved in managing impacts, specifying the types of actions these functions undertake to address negative impacts and promote positive impacts. This disclosure should align with the process for setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities, as outlined in Disclosure Requirement S3-5. Additionally, indicate whether and how the undertaking engaged with affected communities or their representatives in accordance with Disclosure Requirement S3-4.
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Question Id: S3-4_19
Ferrari engages with affected communities through educational initiatives, collaborating with technical schools and universities. They conduct surveys, focus groups, and interviews with students to gain insight and understand challenges and needs. The committee explores reasons behind gaps and lack of opportunities, particularly for students pursuing STEM and motorsports careers.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of the process utilized in establishing targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Specifically, disclose whether and how direct engagement with affected communities, their legitimate representatives, or credible proxies with insight into their situation was conducted during the target-setting phase.
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Question Id: S3-5_01
In line with our values, our impacts, risks and opportunities, we seek to play a key role in supporting the communities within which we operate, with a view to shared growth. For this reason, according to our Code of Conduct, we engage in constant and transparent dialogue with communities and the main local stakeholders involved directly or indirectly in our activities and in the development of social initiatives.
Report Date: 4Q2024Relevance: 60%