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%
- Provide detailed information regarding the process, if any, utilized to report outcomes related to the prevention and detection of corruption and bribery to the administrative, management, and supervisory bodies, as per Disclosure Requirement G1-3.
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Question Id: G1-3_03
To provide maximum transparency to the entire process, a Whistleblowing Committee has been appointed. It is composed of the Chief Human Resources Officer, the General Counsel and the Chief Internal Audit, Risk and Compliance Officer. The Whistleblowing Committee meets periodically to monitor the progress of the investigations and the implementation of the measures taken by the relevant corporate functions. Periodic reporting on whistleblowing management is provided to the Audit Committee and further internal control bodies.
Report Date: 4Q2024Relevance: 85%