Provide a detailed description of the process your company employs to identify, assess, prioritize, and monitor potential and actual impacts on people and the environment. This should include an explanation of whether and how this process focuses on specific activities, business relationships, geographies, or other factors that lead to an increased risk of adverse impacts, as informed by your due diligence procedures.

Question

Accepted Answer

The process involves four main steps: 1. Analysis of the internal and external context 2. Identification of potential sustainability impacts, risks and opportunities 3. Impacts, risks and opportunity evaluation 4. Validation of the impacts, risks and opportunities. The process to identify risks and to assess which are material is integrated in the Risk Management system (ERM). In particular, sustainability-related risks are identified through a specific classification.

Ferrari

ESRS disclosure: IRO-1_03

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