Ferrari
ESRS disclosure: ESRS G1 \ DR G1-1 \ Paragraph 10 c
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- Provide a detailed account of the measures your organization has implemented to safeguard against reporting irregularities, specifically focusing on the protection mechanisms in place for whistleblowers. This information should align with the requirements outlined in Disclosure Requirement G1-1 concerning business conduct policies and corporate culture.
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Question Id: G1-1_05
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: 85%
- Provide the necessary contextual information regarding your payment practices as stipulated in Disclosure Requirement G1-6. Include any complementary details that ensure sufficient context is given. If representative sampling was employed to calculate the required information, disclose this fact and succinctly describe the methodology utilized.
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Question Id: G1-6_05
Ferrari does not have a formal policy with regard to late payments, however, it adopts clear and well-defined procedures for managing payments to suppliers, especially to small and medium enterprises (SMEs - Small and Medium Enterprises). The Days Payable Outstanding (DPO) is 65 days. Considering SMEs only, the average number of days are the same. These data refer to all payment transactions made to third party suppliers only through cash outflows or offsets by Ferrari S.p.A. in 2024, and the above indicated DPO is computed as the average number of days recorded between the date when the contractual or statutory terms of payment for each invoice starts to be calculated and the actual payment date, weighted by the amount of the invoice. The payment of certain invoices may occur after the original due date as a result of additional verification and control procedures that may be required for certain purchases prior to paying.
Report Date: 4Q2024Relevance: 80%