Ferrari
ESRS disclosure: ESRS E2 \ DR E2.IRO-1 \ Paragraph AR 9
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- What are the anticipated financial effects stemming from material pollution-related risks and opportunities? Provide a comprehensive disclosure of any relevant contextual information, including a detailed description of significant incidents and deposits where pollution has negatively impacted the environment or is expected to adversely affect the undertaking's financial cash flows, financial position, and financial performance across short-, medium-, and long-term time horizons. Additionally, describe the processes employed to identify and assess material pollution-related impacts, risks, and opportunities, as outlined in the outcome of your materiality assessment.
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Question Id: E2.IRO-1_03
Ferrari is aware of potential impacts generated by the unlawful usage of substances of concern and substances of very high concern. They have defined strict procedures on the management of these substances. The Environmental Practice sets out key principles to manage IROs such as compliance with applicable regulatory and legal requirements, periodic and systematic establishment of improvement objectives, and their monitoring and measurement through KPIs. During the year, Ferrari conducted a screening on their site locations and business activities to assess and evaluate pollutants and substances of concern and very high concern. Additionally, during their materiality analysis, they considered the impacts on their entire value chain, although they have not carried out consultations with affected communities on this topic. The main objective of the 'Approval of auxiliary and direct materials, storage management' procedure is to define how materials are acquired and used by employees, ensuring health and safety and environmental risks are assessed and prevented before their entrance within the perimeter of production sites. This procedure applies to production sites and all employees and non-employees. It aims at preventing impacts and risks, as well as managing opportunities, such as potential contribution to pollution due to substances of concern and substances of very high concern. Specific rules are set for storage and handling of hazardous substances as well as the periodic monitoring and control of usage area and methods to prevent incidents and emergency situations.
Report Date: 4Q2024Relevance: 60%