Ferrari
ESRS disclosure: ESRS S2 \ DR S2-1 \ Paragraph 19
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- Provide a detailed account of whether and how your company's policies concerning value chain workers align with internationally recognized instruments pertinent to value chain workers, such as the United Nations Guiding Principles on Business and Human Rights. Additionally, disclose the extent to which any instances of non-compliance with the UN Guiding Principles on Business and Human Rights, the ILO Declaration on Fundamental Principles and Rights at Work, or the OECD Guidelines for Multinational Enterprises have been reported within your upstream and downstream value chain. If applicable, include an indication of the nature of such cases.
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Question Id: S2-1_08
In 2024, to the best of Ferrari's knowledge, there were no severe human rights issues or incidents, nor any cases of non-respect of the human rights principle embodied into the internationally recognized standards mentioned in the 'SI—Own workforce—Human Rights' paragraph, among value chain workers.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of whether and how your company's policies concerning value chain workers align with internationally recognized standards, specifically the United Nations Guiding Principles on Business and Human Rights. Additionally, disclose the extent to which any instances of non-compliance with these principles, the ILO Declaration on Fundamental Principles and Rights at Work, or the OECD Guidelines for Multinational Enterprises have been identified within your upstream and downstream value chain. If applicable, include an indication of the nature of such cases.
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Question Id: S2-1_09
In 2024, to the best of Ferrari's knowledge, there were no severe human rights issues or incidents, nor any cases of non-respect of the human rights principle embodied into the internationally recognized standards mentioned in the 'SI—Own workforce—Human Rights' paragraph, among value chain workers.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed explanation of any significant changes to the policies adopted during the reporting year, specifically in relation to Disclosure Requirement S2-5. This should include the process for setting targets concerning the management of material negative impacts, the advancement of positive impacts, and the management of material risks and opportunities. Additionally, clarify whether and how the undertaking engaged directly with workers in the value chain, their legitimate representatives, or credible proxies with insight into their situation, as outlined in Disclosure Requirement S2-1. Include any new expectations for suppliers or new approaches to due diligence and remedy.
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Question Id: S2-1_10
Ferrari is in the process of structuring an ESG Due Diligence activity on its suppliers, however, it has not yet formalized a specific action plan to address the material impacts, risks, and opportunities on all workers in the value chain. The Drive Sustainability questionnaire and the Compliance Evaluation are preliminary activities for a more structured ESG Due Diligence activity aimed at preventing potential negative impacts on workers along the value chain. Before entering into any form of commercial collaboration with a supplier, Ferrari undertakes a thorough assessment through the Compliance Evaluation process, which allows the company to analyze the supplier from multiple angles, ensuring that it meets high ethical and legal standards.
Report Date: 4Q2024Relevance: 60%