We aim to advance a just transition, able to secure workers’ rights and livelihoods when economies are shifting to low-carbon production. Internal data and the results of the survey conducted in 2023 did not show any impact on Ferrari own workforce faced from transition plans for reducing negative impacts on the environment and achieving greener and climate neutral operations. Nevertheless, the Green Sustainability Steering Committee has been tasked with managing the action plan to achieve Carbon Neutrality. All employees of the Group in Italy are subject to collective agreements (Contratto Collettivo Specifico di Lavoro (CCSL), Accordo Premio di Competitività Ferrari and a collective bargaining agreement for our managers, signed by the Italian trade union, Federmanager, on April 28, 2023). These collective agreements enforce a continuous dialog with workers’ representatives also with respect to human rights, allowing to highlight Ferrari employees’ perspective. Furthermore, our own workforce can raise their concerns or needs through the Ethics Helpline, available on our corporate website. The Whistleblowing procedure protects the whistleblower against retaliation. For further information on the adopted channel for raising concerns refers to the “GI—Business Conduct—Whistleblowing” paragraph.

As of December 31, 2024, Group employees were 5,435. The breakdown by gender and country is as follows:

• Total Italy: 744 Female (14.6%), 4,344 Male (85.4%), Total 5,088
• Total Rest of the world: 131 Female (37.8%), 216 Male (62.2%), Total 347
• Total Group: 875 Female (16.1%), 4,560 Male (83.9%), Total 5,435

93.6% of employees work in Italy.