Ferrari
ESRS disclosure: ESRS S1 \ DR S1-2 \ Paragraph AR 25 e
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- Provide a detailed account of the measures your organization implements to uphold the human rights of all engaged stakeholders, including but not limited to their rights to privacy, freedom of expression, and peaceful assembly and protest. This should encompass any identified cases of severe human rights incidents such as forced labor, human trafficking, or child labor, as well as the processes for engaging with your workforce and their representatives on these impacts.
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Question Id: S1-2_14
Ferrari’s aim to respect, protect and promote human rights is laid down in the Human Rights Practice, which is inspired by the guiding principles set forth in the Code of Conduct and defines Ferrari’s main ambitions to a corporate culture dedicated to ethics and integrity. In particular, in line with our impacts, risks and opportunities the Human Rights Practice states the respect, protection and promotion of Human Rights towards workers in our workplace, operations and activities, across our supply chain, in the interaction with society and local communities, consumers and end-users as well as in any context in which we operate. The practice covers the following impact and risk: “Violation of human rights along the value chain (e.g. right to freedom of association and collective bargaining, child labor, forced or compulsory labor also related to conflict minerals) with impacts on human dignity” and “Negative evolution of social/geopolitical tensions or sanitary emergency, arising in specific geographies, conditioning the corresponding market’s strategies and/or operations”. In 2024, according to our workforce, the Company identified two cases of discrimination and/or harassment leading to disciplinary actions, no cases of severe human rights incidents and no complaints about violations of human rights emerged from National Contact Points for OECD Multinational Enterprises. In addition, there were no final judgements relating to non-respect of the human rights principle and there were no significant fines and/or non-monetary sanctions.
Report Date: 4Q2024Relevance: 85%