Ferrari
ESRS disclosure: ESRS G1 \ DR G1-1 \ Paragraph 10a
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- Provide a detailed description of the mechanisms your company employs for identifying, reporting, and investigating concerns regarding unlawful behavior or actions that contradict your code of conduct or similar internal rules. Additionally, specify whether these mechanisms allow for reporting from both internal and external stakeholders.
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Question Id: G1-1_02
Ferrari has adopted the Ethics Helpline, a channel which allows all stakeholders (employees, customers, suppliers, and partners) and any third parties to request advice and/or report concerns about alleged situations, events, or actions which may be inconsistent with the values set out in the Code of Conduct, Organizational Models, laws and regulations, as well as business practices and corporate rules. The allegations are assessed by the relevant departments of Ferrari and managed in accordance with the Whistleblowing Procedure, prepared on the basis of international best practices as well as applicable laws and regulations. The Ethics Helpline can be accessed either by phone or by web, with multiple languages available, and it is available 24 hours a day, seven days a week. Reports may also be made anonymously.
Report Date: 4Q2024Relevance: 95%
- 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%