Ferrari
ESRS disclosure: ESRS G1 \ DR G1-1 \ Paragraph 10 g
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- Provide detailed information regarding the undertaking's policy for training within the organisation on business conduct. This should include specifics on the target audience, the frequency of training sessions, and the depth of coverage.
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Question Id: G1-1_10
In 2024, a series of training activities, both online and in person, have been carried out involving employees. Moreover, in 2024, Ferrari continued to implement a training and verification project in different departments aimed at raising awareness on the specific topic of information confidentiality safeguards. Furthermore, specific Business Ethics and Compliance (“BEC”) surveys are conducted by the Internal Audit and Compliance functions as part of audit activities carried out according to the yearly audit plan, to assess the Ferrari Group's worldwide workforce awareness of the Code of Conduct and other ethics-related procedures. In 2024, BEC surveys were conducted on topics such as: Code of Conduct, Whistleblowing procedure, Gifts and Entertainment Expenses’ Management procedure, Group Regulatory Framework and Information Confidentiality. Based on the related outcomes dedicated and targeted training sessions and awareness activities were delivered.
Report Date: 4Q2024Relevance: 70%
- Does the undertaking currently lack procedures to prevent, detect, and address allegations or incidents of corruption or bribery? If so, disclose this fact and provide details of any plans to implement such procedures.
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Question Id: G1-3_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. These principles are laid down in the Code of Conduct and the Anticorruption Compliance Practice, which officially entered into force in 2020 and applies to the entire Ferrari Group pursuant to local legislation.
Report Date: 4Q2024Relevance: 75%