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%
- Provide detailed information regarding the role of the administrative, management, and supervisory bodies in relation to business conduct, as stipulated in Disclosure Requirement ESRS 2 GOV-1.
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Question Id: G1.GOV-1_01
The implementation of the Code of Conduct is supervised by the FLT members, with regards to their department. The practice covers the following IROs: "Promote awareness and culture about ethics of Ferrari management, employees, business partners and other stakeholders, through specific tools (Whistleblowing channel) and training", "Potential non-compliance with Anticorruption Laws requirements due to external context or internal elements" and "Supply chain ESG due diligence - factors considered in selecting and monitoring suppliers on environmental and social issues can have an impact on consumer demand, reputational risks and the ability to effectively manage sourcing". IROs in relation to business conduct matters have been identified during the double materiality assessment with focus on certain specific elements including location, activity, sector and the structure of the transaction.
Report Date: 4Q2024Relevance: 65%