Ferrari
ESRS disclosure: ESRS S1 \ DR S1-5
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- Provide a detailed account of the process your organization employs in setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Specifically, disclose whether and how your organization engaged directly with its own workforce or workers' representatives during the target-setting process.
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Question Id: S1-5_01
Since 2021, the “Formula Insieme” program is the main employee engagement activity, which aims to pursue the continuous development of Ferrari through a “plan, do, check, act” approach, starting from our employees’ opinions, gaining awareness of their points of view and identifying opportunities for continuous improvement. Every two years we carry out an internal performance survey of our employees on various topics related to the working environment, such as safety, change readiness, open culture and other areas linked to our relevant impacts.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of the process employed by your organization in setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Specifically, disclose whether and how your organization engaged directly with its own workforce or their representatives in tracking performance against these targets.
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Question Id: S1-5_02
Since 2021, the “Formula Insieme” program is the main employee engagement activity, which aims to pursue the continuous development of Ferrari through a “plan, do, check, act” approach, starting from our employees’ opinions, gaining awareness of their points of view and identifying opportunities for continuous improvement. Every two years we carry out an internal performance survey of our employees on various topics related to the working environment, such as safety, change readiness, open culture and other areas linked to our relevant impacts.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of the process employed in setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Specifically, disclose whether and how your organization engaged directly with its own workforce or their representatives in identifying lessons or improvements resulting from the undertaking's performance.
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Question Id: S1-5_03
Since 2021, the “Formula Insieme” program is the main employee engagement activity, which aims to pursue the continuous development of Ferrari through a “plan, do, check, act” approach, starting from our employees’ opinions, gaining awareness of their points of view and identifying opportunities for continuous improvement. Every two years we carry out an internal performance survey of our employees on various topics related to the working environment, such as safety, change readiness, open culture and other areas linked to our relevant impacts.
Report Date: 4Q2024Relevance: 80%
- What are the intended outcomes your organization aims to achieve in the lives of individuals within your own workforce, as related to managing material impacts, advancing positive impacts, and addressing risks and opportunities, in accordance with Disclosure Requirement S1-5? Additionally, provide information on any identified cases of severe human rights incidents, such as forced labor, human trafficking, or child labor, as per Disclosure Requirement S1-17.
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Question Id: S1-5_04
Ferrari aims to respect, protect and promote human rights as laid down in the Human Rights Practice, which is inspired by the guiding principles set forth in the Code of Conduct. The practice covers impacts and risks such as the prohibition of child labor, compulsory labor and forced labor, human trafficking and serfdom, and the attention to a healthy and safe working environment. 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.
Report Date: 4Q2024Relevance: 85%
- Provide detailed information on the stability of your targets over time, specifically in terms of definitions and methodologies, to ensure comparability. This request pertains to the disclosure of identified cases of severe human rights incidents, such as forced labor, human trafficking, or child labor, as outlined in Disclosure Requirement S1-17. Additionally, address how these targets relate to managing material impacts, advancing positive impacts, and addressing risks and opportunities, as specified in Disclosure Requirement S1-5.
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Question Id: S1-5_05
Ferrari aims to respect, protect and promote human rights as laid down in the Human Rights Practice, which is inspired by the guiding principles set forth in the Code of Conduct. The practice covers impacts and risks such as the prohibition of child labor, compulsory labor and forced labor, human trafficking and serfdom, and the attention to a healthy and safe working environment. 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.
Report Date: 4Q2024Relevance: 60%
- Provide detailed information regarding any identified cases of severe human rights incidents, such as forced labor, human trafficking, or child labor, as per Disclosure Requirement S1-17. Additionally, in accordance with Disclosure Requirement S1-5, when reporting on targets related to managing material impacts, advancing positive impacts, and addressing risks and opportunities, specify the standards or commitments upon which these targets are based, including but not limited to codes of conduct, sourcing policies, global frameworks, or industry codes.
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Question Id: S1-5_06
Ferrari aims to respect, protect and promote human rights as laid down in the Human Rights Practice, which is inspired by the guiding principles set forth in the Code of Conduct. The practice covers impacts and risks such as the prohibition of child labor, compulsory labor and forced labor, human trafficking and serfdom, and the attention to a healthy and safe working environment. 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.
Report Date: 4Q2024Relevance: 85%