Ferrari
ESRS disclosure: ESRS S1 \ DR S1.SBM-3
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- Does the undertaking ensure that all individuals within its own workforce, who may be materially impacted by the undertaking, are encompassed within the scope of disclosure as mandated by ESRS 2? This encompasses impacts arising from the undertaking's operations, value chain, products, services, and business relationships. Furthermore, please provide the requisite information as specified.
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Question Id: S1.SBM-3_01
Ferrari’s workforce mainly consists of blue and white-collar workers. Our workers operate in various areas, including the foundry, warehouses, assembly lines, test rooms for engines and car components and the racetrack. Our workforce is divided between employees and non-employees, with the latter including agency workers, staff lease workers and interns. The entire own workforce of the Ferrari Group has been included in the scope of the disclosure under ESRS 2. Additionally, except for health and safety matters, there are no people with particular characteristics that may be at greater risk of harm.
Report Date: 4Q2024Relevance: 80%
- Does the undertaking include all individuals within its workforce who may be materially impacted by its operations in the scope of its disclosure under ESRS 2? Provide a concise description of the types of employees and non-employees within your workforce who are subject to material impacts. Specify whether these individuals are employees, self-employed, or provided by third-party undertakings primarily engaged in employment activities. Ensure that the disclosure encompasses impacts connected with the undertaking’s operations, value chain, products, services, and business relationships.
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Question Id: S1.SBM-3_02
Ferrari’s workforce mainly consists of blue and white-collar workers. Our workers operate in various areas, including the foundry, warehouses, assembly lines, test rooms for engines and car components and the racetrack. Our workforce is divided between employees and non-employees, with the latter including agency workers, staff lease workers and interns. The entire own workforce of the Ferrari Group has been included in the scope of the disclosure under ESRS 2. Additionally, except for health and safety matters, there are no people with particular characteristics that may be at greater risk of harm.
Report Date: 4Q2024Relevance: 80%
- Has the undertaking ensured that all individuals within its own workforce who may experience material impacts are encompassed within the scope of disclosure as per ESRS 2 SBM-3? Furthermore, does the undertaking provide information on whether any material negative impacts are either widespread or systemic in the operational contexts, such as instances of child labor or forced labor in specific non-EU regions, or are they related to individual incidents like industrial accidents or oil spills?
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Question Id: S1.SBM-3_03
According to the results of the Double materiality assessment, no operations are at significant risk of incident involving forced labor, compulsory labor, or child labor.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of the activities within your organization that lead to material positive impacts. Specify the categories of employees and non-employees within your workforce who are positively affected or have the potential to be positively affected by these activities. Additionally, indicate whether these positive impacts are localized to specific countries or regions.
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Question Id: S1.SBM-3_04
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. Positive impacts on employees’ motivation and sense of belonging thanks to secure employment and working time, competitive remuneration, benefits, training opportunities and career development and work-related injuries. Risks and opportunities arising from impacts and dependencies on people in 'own workforce' are related to Ferrari’s entire workforce.
Report Date: 4Q2024Relevance: 65%
- Does the undertaking include all individuals within its own workforce who may be materially impacted in the scope of its disclosure under ESRS 2, as per paragraph 48? Furthermore, provide a detailed account of any material risks and opportunities that arise from impacts and dependencies on the undertaking's own workforce, considering the undertaking's operations, value chain, products, services, and business relationships.
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Question Id: S1.SBM-3_05
Risks and opportunities arising from impacts and dependencies on people in 'own workforce' are related to Ferrari’s entire workforce. This survey is accessible to all employees, with responses collected to ensure the participation of those who might be more vulnerable or marginalized.
Report Date: 4Q2024Relevance: 60%
- Does the undertaking's disclosure under ESRS 2 encompass all individuals within its workforce who could be materially impacted by the company's operations, including those within its value chain and business relationships? Specifically, provide detailed information on any material impacts on the workforce that may result from transition plans aimed at minimizing environmental harm and achieving climate-neutral operations. This should include impacts related to the undertaking's strategies and actions to reduce carbon emissions in accordance with international agreements, addressing potential restructuring, employment loss, as well as opportunities for job creation and workforce reskilling or upskilling.
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Question Id: S1.SBM-3_06
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.
Report Date: 4Q2024Relevance: 65%
- Does the undertaking include all individuals within its workforce who could be materially impacted by its operations in the scope of its disclosure under ESRS 2, specifically concerning material impacts, risks, and opportunities as outlined in ESRS 2 SBM-3? Furthermore, provide detailed information regarding operations that are at significant risk of incidents of forced labour or compulsory labour, specifying the type of operation, such as a manufacturing plant.
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Question Id: S1.SBM-3_07
According to the results of the Double materiality assessment, no operations are at significant risk of incident involving forced labor, compulsory labor, or child labor.
Report Date: 4Q2024Relevance: 60%
- Does your organization include all individuals within its workforce who could be materially impacted by your operations in the scope of your disclosure under ESRS 2? Additionally, identify and disclose any countries or geographic areas where your operations are considered to be at significant risk of incidents involving forced or compulsory labour, in accordance with the requirements of paragraph 48 of ESRS 2 SBM-3.
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Question Id: S1.SBM-3_08
According to the results of the Double materiality assessment, no operations are at significant risk of incident involving forced labor, compulsory labor, or child labor.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of the types of operations within your organization that are at significant risk of incidents involving child labor. This disclosure should align with the requirements set forth in ESRS 2 SBM-3, focusing on material impacts, risks, and opportunities, and their interaction with your strategy and business model. Ensure that the scope of this disclosure encompasses all individuals within your workforce who may be materially impacted by your operations, including those within your value chain, products, services, and business relationships. Specify the type of operation, such as a manufacturing plant, that is at risk.
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Question Id: S1.SBM-3_09
According to the results of the Double materiality assessment, no operations are at significant risk of incident involving forced labor, compulsory labor, or child labor.
Report Date: 4Q2024Relevance: 50%
- Does the undertaking include all individuals within its workforce who may be materially impacted by its operations in the scope of its disclosure under ESRS 2, specifically addressing material impacts, risks, and opportunities as they relate to its strategy and business model? Furthermore, does the undertaking identify and disclose any countries or geographic areas where its operations are considered to be at significant risk of incidents of child labour, in accordance with the requirements set forth in paragraph 48?
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Question Id: S1.SBM-3_10
According to the results of the Double materiality assessment, no operations are at significant risk of incident involving forced labor, compulsory labor, or child labor.
Report Date: 4Q2024Relevance: 60%