Ferrari
ESRS disclosure: ESRS G1 \ DR G1-1 \ Paragraph 10 b
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- Does your company currently lack policies on anti-corruption or anti-bribery that align with the United Nations Convention against Corruption? If so, provide a statement confirming this absence and detail any plans for future implementation, including a proposed timetable.
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Question Id: G1-1_03
The Ferrari Group strives to uphold the highest standards of integrity, honesty, and fairness in all internal and external affairs and does not tolerate any kind of bribery. The laws of virtually all countries in which Ferrari operates prohibit bribery and any violation of anti-bribery and anticorruption laws would entail serious consequences for both companies and individuals, which can result in significant fines, imprisonment of individuals, and reputational damages.
Report Date: 4Q2024Relevance: 50%
- Does the undertaking currently have policies on anti-corruption or anti-bribery that align with the United Nations Convention against Corruption? If not, provide a statement regarding the absence of such policies, and detail any plans to implement them, including the specific timetable for their implementation.
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Question Id: G1-1_04
The Ferrari Group strives to uphold the highest standards of integrity, honesty, and fairness in all internal and external affairs and does not tolerate any kind of bribery. The laws of virtually all countries in which Ferrari operates prohibit bribery and any violation of anti-bribery and anticorruption laws would entail serious consequences for both companies and individuals, which can result in significant fines, imprisonment of individuals, and reputational damages.
Report Date: 4Q2024Relevance: 60%
- Is the investigating committee or the investigators distinct from the management chain responsible for the prevention and detection of corruption and bribery?
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Question Id: G1-3_02
The Internal Audit and Compliance functions (to be collectively intended as the “Whistleblowing Team”) are independent from the chain of management involved in the report, and attend periodical training sessions to properly manage the Whistleblowing process. However, if one of the members of the Whistleblowing Team is in a situation of potential conflict of interest, he/she shall promptly declare the existence of such a situation to the other members of the Whistleblowing Team, abstaining from any activity related to the report and not being made aware of the subsequent developments of the relevant activities. The report itself will be managed exclusively by the other members of the Whistleblowing Team. In the event that all members of the Whistleblowing Team are in a situation of potential conflict of interest, the Audit Committee will be informed of the situation and, to guarantee the same level of independence required, the report will be handled by the identified corporate functions, in accordance with the Whistleblowing Procedure.
Report Date: 4Q2024Relevance: 90%