Ferrari
ESRS disclosure
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- Provide a detailed account of the process your organization employs in setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Specifically, disclose whether and how your organization engaged directly with affected communities, their legitimate representatives, or credible proxies who possess insight into their situation, in tracking your organization's performance against these targets.
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Question Id: S3-5_02
Ferrari conducts surveys, focus groups, interviews with students. This engagement helps to understand their unique challenges and needs. Additionally, the committee conducts research to explore the reasons behind gaps and lack of opportunities, particularly for students pursuing STEM and motorsports careers.
Report Date: 4Q2024Relevance: 60%
- Has the undertaking engaged directly with affected communities, their legitimate representatives, or credible proxies to identify lessons or improvements resulting from the undertaking's performance, and if so, how was this engagement conducted?
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Question Id: S3-5_03
Ferrari conducts surveys, focus groups, interviews with students. This engagement helps to understand their unique challenges and needs. Additionally, the committee conducts research to explore the 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 your organization employs to establish targets concerning the management of significant negative impacts, the promotion of positive impacts, and the management of material risks and opportunities. Specify whether and how your organization has engaged directly with affected communities, their legitimate representatives, or credible proxies with insights into their situation. Additionally, elucidate the intended outcomes your organization aims to achieve in the lives of these affected communities, ensuring specificity in your disclosure.
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Question Id: S3-5_04
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%
- Provide details on the process your organization employs to establish targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Specify whether and how your organization engaged directly with affected communities, their legitimate representatives, or credible proxies with insight into their situation. Additionally, disclose the stability of these targets over time, particularly in terms of definitions and methodologies, to ensure comparability over time.
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Question Id: S3-5_05
We are 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 thought qualitative indicators.
Report Date: 4Q2024Relevance: 40%
- Provide a detailed account of the process your organization employs to establish targets concerning the management of material negative impacts, the promotion of positive impacts, and the handling of material risks and opportunities. Specify whether and how your organization has engaged directly with affected communities, their legitimate representatives, or credible proxies with insights into their situation. Additionally, disclose the standards or commitments upon which these targets are based, such as codes of conduct, sourcing policies, global frameworks, or industry codes, as per Disclosure Requirement S3-5.
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Question Id: S3-5_06
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%
- Has the undertaking ensured that all affected communities, who are likely to be materially impacted by its operations, value chain, products, services, and business relationships, are comprehensively included within the scope of disclosure as required under ESRS 2 SBM-3? Furthermore, has the undertaking provided the necessary information as stipulated in paragraph 48?
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Question Id: S3.SBM-3_01
Affected communities included in the scope of the disclosure under ESRS 2 are mainly communities located near the production plants. In 2024, no negative impacts on affected communities emerged. Nevertheless, a whistleblowing channel is available to third parties, including members of the community.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of the types of communities that are subject to material impacts due to your company's operations, including those affected through your upstream and downstream value chain. Confirm whether all such communities are encompassed within the scope of your disclosure under ESRS 2, as per the requirements of paragraph 48. Specify the nature of these communities and their relation to your business activities, products, services, and business relationships.
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Question Id: S3.SBM-3_02
Affected communities included in the scope of the disclosure under ESRS 2 are mainly communities located near the production plants. In 2024, no negative impacts on affected communities emerged. Nevertheless, a whistleblowing channel is available to third parties, including members of the community.
Report Date: 4Q2024Relevance: 60%
- Does the undertaking include all communities likely to be materially impacted by its operations and value chain in its disclosure under ESRS 2, as required by paragraph 48? Additionally, provide a brief description of the types of communities subject to material impacts by the undertaking's own operations or through its upstream and downstream value chain, specifying their characteristics.
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Question Id: S3.SBM-3_03
Affected communities included in the scope of the disclosure under ESRS 2 are mainly communities located near the production plants. In 2024, no negative impacts on affected communities emerged. Nevertheless, a whistleblowing channel is available to third parties, including members of the community.
Report Date: 4Q2024Relevance: 65%
- Has the undertaking disclosed whether all affected communities likely to be materially impacted by its operations, value chain, products, services, or business relationships are included in the scope of its disclosure under ESRS 2 SBM-3? Furthermore, in cases of material negative impacts, has the undertaking specified whether these impacts are widespread or systemic in the contexts where it operates or maintains business relationships, or if they are related to individual incidents within its own operations or specific business relationships? This should encompass impacts arising from the transition to greener and climate-neutral operations, including those associated with innovation, restructuring, mine closures, increased mineral mining for sustainable economy transitions, and solar panel production.
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Question Id: S3.SBM-3_04
Affected communities included in the scope of the disclosure under ESRS 2 are mainly communities located near the production plants. In 2024, no negative impacts on affected communities emerged. Nevertheless, a whistleblowing channel is available to third parties, including members of the community.
Report Date: 4Q2024Relevance: 60%
- Provide a comprehensive description of the activities undertaken by your company that result in material positive impacts on affected communities. Include details on the types of communities that are positively affected or could potentially be positively affected by these activities. Additionally, specify whether these positive impacts occur in particular countries or regions. Ensure that all affected communities likely to be materially impacted by your operations, value chain, products, services, and business relationships are encompassed within the scope of your disclosure, as per the requirements of ESRS 2 SBM-3.
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Question Id: S3.SBM-3_05
Our efforts are directed to support community development mainly through collaborations with local universities and schools and thanks to the industry network in the Emilia-Romagna region. We believe that promoting the education of young talents is an essential step to reinforce the connection with local communities. Developing talented and brilliant engineers with a specific academic background focused on emerging technologies in the automotive industry, and in particular innovative solutions for state-of-the-art performance in luxury sports cars and racing cars, is essential for the Group to seize future opportunities.
Report Date: 4Q2024Relevance: 65%