Ferrari
ESRS disclosure
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- Provide a detailed description of the actions currently planned or underway to pursue material opportunities concerning consumers and end-users, as required under Disclosure Requirement S4-4. Include an assessment of the effectiveness of these actions in managing material risks and impacts on consumers and end-users.
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Question Id: S4-4_09
Ferrari prioritizes data protection and privacy, complying with global regulations like GDPR. The company processes client data with confidentiality and has adopted policies on Privacy and Data Protection. The effectiveness of these actions is monitored through the correct adoption of policies and KPIs on data breaches. These efforts aim to manage risks related to data privacy and capitalize on opportunities to enhance consumer trust.
Report Date: 4Q2024Relevance: 65%
- Does the undertaking disclose whether and how it ensures that its own practices do not cause or contribute to material negative impacts on consumers and end-users, particularly in relation to marketing, sales, and data use? Additionally, does the undertaking provide information on the approach taken when tensions arise between preventing or mitigating such impacts and other business pressures?
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Question Id: S4-4_10
Ferrari ensures data processing is safe and transparent, protecting personal data according to the Code of Conduct. The company has adopted specific policies on Privacy and Data Protection. The management of personal data is ensured by actions with respect to the recipients of the policies. Ferrari fosters an effective response to privacy requests, assessing the appropriateness of actions implemented. These measures aim to prevent material negative impacts related to data use.
Report Date: 4Q2024Relevance: 65%
- Has the undertaking identified and reported any severe human rights issues and incidents connected to its consumers and/or end-users? If applicable, disclose these incidents and describe the actions taken to address material impacts, manage material risks, and pursue material opportunities related to consumers and end-users, including the effectiveness of those actions.
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Question Id: S4-4_11
In 2024, Ferrari reported no severe human rights issues or incidents among consumers and end-users. The company adheres to internationally recognized standards and includes consumers and end-users in the scope of disclosure under ESRS 2. These efforts aim to manage risks and opportunities related to human rights impacts on consumers.
Report Date: 4Q2024Relevance: 85%
- What resources are allocated by your organization to manage its material impacts on consumers and end-users, including the approaches taken to address material risks and pursue material opportunities, and how effective are these actions?
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Question Id: S4-4_12
Ferrari allocated approximately €24 million in 2024 for activities related to vehicle safety and development. This includes software calibration, physical tests, and approval processes. Future costs will evolve according to regulatory requirements. These resources aim to manage material impacts on consumers by ensuring vehicle safety and compliance.
Report Date: 4Q2024Relevance: 80%
- Does the undertaking disclose the process for setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities? Specifically, does it detail whether and how the undertaking engaged directly with consumers and/or end-users, their legitimate representatives, or credible proxies with insight into their situation? Furthermore, given that material negative impacts affecting consumers and/or end-users during the reporting period may be linked to entities or operations outside the undertaking's direct control, does the undertaking disclose whether and how it seeks to use leverage with relevant business relationships to manage those impacts? This may include the use of commercial leverage, such as enforcing contractual requirements or implementing incentives, other forms of leverage within the relationship, such as providing training or capacity-building on proper product use or sale practices, or collaborative leverage with peers or other actors, such as initiatives aimed at responsible marketing or product safety.
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Question Id: S4-4_13
Ferrari sets specific KPIs and internal targets monitored monthly. The company ensures quality and fairness of information through consistent communication across channels. Dealers are trained to deliver market-leading standards. These actions aim to manage material risks and opportunities by ensuring transparency and compliance with regulations.
Report Date: 4Q2024Relevance: 40%
- Provide a detailed account of the process your organization employs to establish targets for managing material negative impacts, advancing positive impacts, and addressing material risks and opportunities. Specifically, clarify whether and how your organization engages directly with consumers, end-users, their legitimate representatives, or credible proxies with insights into their situation. Furthermore, when disclosing participation in an industry or multi-stakeholder initiative aimed at addressing material negative impacts, elucidate how the initiative, along with your organization's involvement, seeks to address the material impact in question. Additionally, disclose any relevant targets set by the initiative and the progress made towards achieving them, as per the requirements outlined in ESRS S4-5.
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Question Id: S4-4_14
Ferrari has not set specific public targets but monitors internal targets monthly. The company engages with stakeholders through consistent communication and ensures compliance with regulations. These efforts aim to manage material negative impacts and advance positive impacts by maintaining transparency and quality in information dissemination.
Report Date: 4Q2024Relevance: 40%
- Provide a detailed account of the process your organization employs to set targets related to managing material negative impacts, advancing positive impacts, and addressing material risks and opportunities. Specifically, indicate whether and how your organization engages directly with consumers and/or end-users, their legitimate representatives, or credible proxies with insight into their situation. Additionally, describe the role consumers and/or end-users, along with their legitimate representatives or credible proxies, play in decisions concerning the design and implementation of initiatives or processes based on their needs and the level of implementation of these initiatives.
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Question Id: S4-4_15
Ferrari sets specific KPIs and internal targets monitored monthly. The company engages with stakeholders through consistent communication and ensures compliance with regulations. These actions aim to manage material risks and opportunities by maintaining transparency and quality in information dissemination.
Report Date: 4Q2024Relevance: 50%
- Provide detailed information regarding the intended or achieved positive outcomes of your company's programmes or processes for consumers and end-users. This should include the process for setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Specify whether and how your company engaged directly with consumers and/or end-users, their legitimate representatives, or credible proxies with insight into their situation. Additionally, outline any initiatives or processes based on the needs of affected consumers and/or end-users, including their level of implementation and the effectiveness of actions taken.
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Question Id: S4-4_16
Ferrari ensures quality and fairness of information through consistent communication across channels. The company sets specific KPIs and internal targets monitored monthly. These actions aim to manage material risks and opportunities by maintaining transparency and quality in information dissemination.
Report Date: 4Q2024Relevance: 60%
- Does the undertaking disclose the process for setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities, including whether and how it engaged directly with consumers and/or end-users, their legitimate representatives, or credible proxies with insight into their situation? Additionally, does the undertaking disclose whether any initiatives or processes aimed at delivering positive impacts for consumers and/or end-users are also designed to support the achievement of one or more of the UN Sustainable Development Goals, such as through commitments like advancing UN SDG 3 to ensure healthy lives and promote well-being for all at all ages?
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Question Id: S4-4_17
Ferrari's Code of Conduct ensures transparency and fairness in communication, aiming to avoid negative impacts on consumers. The company has not formalized specific practices for transparent communication but ensures compliance with regulations. These efforts aim to manage material risks and opportunities by maintaining transparency and quality in information dissemination.
Report Date: 4Q2024Relevance: 45%
- Provide a detailed description of the internal functions involved in managing impacts, specifying the types of actions these functions undertake to mitigate negative impacts and promote positive impacts. Include information on the process for setting targets related to managing material negative impacts, advancing positive impacts, and addressing material risks and opportunities. Clarify whether and how the undertaking engaged with consumers, end-users, their legitimate representatives, or credible proxies during this process.
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Question Id: S4-4_18
Ferrari's Code of Conduct integrates values into corporate culture, promoting transparency and fairness. The company engages with stakeholders through training activities and employee engagements. Compliance with the Code of Conduct is ensured through internal audits and ethics surveys. These actions aim to manage material risks and opportunities by maintaining transparency and quality in business conduct.
Report Date: 4Q2024Relevance: 50%