Ferrari
ESRS disclosure: ESRS S2 \ DR S2-3
Tags Tree
- Describe the undertaking's general approach and processes for providing or contributing to a remedy when it has caused or contributed to a material negative impact on value chain workers. Include details on whether and how the undertaking assesses the effectiveness of the remedy provided.
-
Question Id: S2-3_01
Regarding the ethics violations reporting channels made available by Ferrari, as specified in the "GI Business Conduct—Whistleblowing" paragraph, our official Ethics Helpline also allows workers in the value chain to report violations of the Code of Conduct. However, there is no dedicated activity to assess whether value chain workers are aware of this channel even if it is publicly available on Ferrari corporate website. Currently, we do not have formalized processes to systematically address potential negative impacts that could affect workers in our supply chain. However, in daily practice, Ferrari is committed to taking proactive measures when it becomes aware of a possible involvement in situations of human rights violations associated with workers in our supply chain. In such cases, our Company proceeds with a direct approach, contacting the supplier involved to initiate a constructive dialogue. This exchange is aimed at obtaining clarification and detailed information on the specific circumstances. This not only allows us to better understand the situation, but also to work together with the supplier to find appropriate solutions and ensure decent working conditions for all workers.
Report Date: 4Q2024Relevance: 65%
- Provide a detailed description of the specific channels established for value chain workers to directly communicate their concerns or needs to the undertaking, and outline the processes in place to address these issues. Indicate whether these channels are internally developed by the undertaking or facilitated through third-party mechanisms.
-
Question Id: S2-3_02
Regarding the ethics violations reporting channels made available by Ferrari, as specified in the "GI Business Conduct—Whistleblowing" paragraph, our official Ethics Helpline also allows workers in the value chain to report violations of the Code of Conduct. However, there is no dedicated activity to assess whether value chain workers are aware of this channel even if it is publicly available on Ferrari corporate website. Currently, we do not have formalized processes to systematically address potential negative impacts that could affect workers in our supply chain. However, in daily practice, Ferrari is committed to taking proactive measures when it becomes aware of a possible involvement in situations of human rights violations associated with workers in our supply chain. In such cases, our Company proceeds with a direct approach, contacting the supplier involved to initiate a constructive dialogue. This exchange is aimed at obtaining clarification and detailed information on the specific circumstances. This not only allows us to better understand the situation, but also to work together with the supplier to find appropriate solutions and ensure decent working conditions for all workers.
Report Date: 4Q2024Relevance: 65%
- Provide a detailed account of the processes your organization employs to support or mandate the availability of channels for value chain workers to raise concerns within their workplace.
-
Question Id: S2-3_03
Regarding the ethics violations reporting channels made available by Ferrari, as specified in the "GI Business Conduct—Whistleblowing" paragraph, our official Ethics Helpline also allows workers in the value chain to report violations of the Code of Conduct. However, there is no dedicated activity to assess whether value chain workers are aware of this channel even if it is publicly available on Ferrari corporate website. Currently, we do not have formalized processes to systematically address potential negative impacts that could affect workers in our supply chain. However, in daily practice, Ferrari is committed to taking proactive measures when it becomes aware of a possible involvement in situations of human rights violations associated with workers in our supply chain. In such cases, our Company proceeds with a direct approach, contacting the supplier involved to initiate a constructive dialogue. This exchange is aimed at obtaining clarification and detailed information on the specific circumstances. This not only allows us to better understand the situation, but also to work together with the supplier to find appropriate solutions and ensure decent working conditions for all workers.
Report Date: 4Q2024Relevance: 65%
- Provide a detailed explanation of the processes implemented to track and monitor issues raised and addressed within your organization. Additionally, describe the measures taken to ensure the effectiveness of the channels available for value chain workers to raise concerns, including the involvement of stakeholders who are the intended users.
-
Question Id: S2-3_04
Regarding the ethics violations reporting channels made available by Ferrari, as specified in the "GI Business Conduct—Whistleblowing" paragraph, our official Ethics Helpline also allows workers in the value chain to report violations of the Code of Conduct. However, there is no dedicated activity to assess whether value chain workers are aware of this channel even if it is publicly available on Ferrari corporate website. Currently, we do not have formalized processes to systematically address potential negative impacts that could affect workers in our supply chain. However, in daily practice, Ferrari is committed to taking proactive measures when it becomes aware of a possible involvement in situations of human rights violations associated with workers in our supply chain. In such cases, our Company proceeds with a direct approach, contacting the supplier involved to initiate a constructive dialogue. This exchange is aimed at obtaining clarification and detailed information on the specific circumstances. This not only allows us to better understand the situation, but also to work together with the supplier to find appropriate solutions and ensure decent working conditions for all workers.
Report Date: 4Q2024Relevance: 65%
- Does the undertaking assess whether value chain workers are aware of and trust the structures or processes available for raising their concerns or needs, and how is this assessment conducted? Additionally, disclose whether there are policies in place to protect individuals who utilize these channels from retaliation. If this information has already been provided in accordance with ESRS G1-1, please reference that disclosure.
-
Question Id: S2-3_05
Regarding the ethics violations reporting channels made available by Ferrari, as specified in the "GI Business Conduct—Whistleblowing" paragraph, our official Ethics Helpline also allows workers in the value chain to report violations of the Code of Conduct. However, there is no dedicated activity to assess whether value chain workers are aware of this channel even if it is publicly available on Ferrari corporate website. Currently, we do not have formalized processes to systematically address potential negative impacts that could affect workers in our supply chain. However, in daily practice, Ferrari is committed to taking proactive measures when it becomes aware of a possible involvement in situations of human rights violations associated with workers in our supply chain. In such cases, our Company proceeds with a direct approach, contacting the supplier involved to initiate a constructive dialogue. This exchange is aimed at obtaining clarification and detailed information on the specific circumstances. This not only allows us to better understand the situation, but also to work together with the supplier to find appropriate solutions and ensure decent working conditions for all workers.
Report Date: 4Q2024Relevance: 60%
- Does the undertaking have policies in place to protect individuals from retaliation when they use channels to raise concerns or needs, and how does it ensure that value chain workers are aware of and trust these structures or processes? If this information has already been disclosed in accordance with ESRS G1-1, please refer to that disclosure.
-
Question Id: S2-3_06
In particular, the affected communities can raise their concerns or needs through the Ethics Helpline, available on our corporate website. The Whistleblowing procedure protects the whistleblower against retaliation.
Report Date: 4Q2024Relevance: 60%
- Has the undertaking failed to implement a channel for raising concerns for value chain workers, and if so, can you confirm this status? Additionally, provide any projected timeline for establishing such a channel or related processes.
-
Question Id: S2-3_07
Regarding the ethics violations reporting channels made available by Ferrari, as specified in the "GI Business Conduct—Whistleblowing" paragraph, our official Ethics Helpline also allows workers in the value chain to report violations of the Code of Conduct. However, there is no dedicated activity to assess whether value chain workers are aware of this channel even if it is publicly available on Ferrari corporate website. Currently, we do not have formalized processes to systematically address potential negative impacts that could affect workers in our supply chain.
Report Date: 4Q2024Relevance: 65%
- Has the undertaking established a channel for value chain workers to raise concerns? If not, disclose the absence of such a channel and provide a timeframe within which the undertaking intends to implement this channel or related processes.
-
Question Id: S2-3_08
Regarding the ethics violations reporting channels made available by Ferrari, as specified in the "GI Business Conduct—Whistleblowing" paragraph, our official Ethics Helpline also allows workers in the value chain to report violations of the Code of Conduct. However, there is no dedicated activity to assess whether value chain workers are aware of this channel even if it is publicly available on Ferrari corporate website.
Report Date: 4Q2024Relevance: 75%
- Does the undertaking disclose the process for setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities, including whether and how it engaged directly with workers in the value chain, their legitimate representatives, or credible proxies with insight into their situation? Additionally, does the undertaking explain whether and how value chain workers affected by these impacts can access channels at the level of the undertaking they are employed by or contracted to work for, as outlined in Disclosure Requirement ESRS S2-3?
-
Question Id: S2-3_09
Currently, we have not defined specific targets for workers within our value chain. To guarantee a high standard of ethics and behavior, we require all third parties that wish to collaborate with us to sign the Statement of Commitment, an annex of our contract, to comply with the Code of Conduct and the Organizational Model established by Legislative Decree no. 231/2001. For more information on this document please refer to paragraph "GI—Business Conduct—Responsible purchasing practices". Furthermore, Ferrari uses specific tools to monitor and stay informed about its suppliers. These tools allow for a thorough screening of all available online news regarding environmental, social and governance (ESG) issues. This process not only ensures greater transparency, but also enables Ferrari to make more informed decisions, thus promoting the social responsibility and ethical commitment of its supplier network.
Report Date: 4Q2024Relevance: 40%
- Does the undertaking disclose the process for setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities, specifically detailing whether and how it engaged directly with workers in the value chain, their legitimate representatives, or credible proxies with insight into their situation? Additionally, does the undertaking provide information on the accessibility of third-party mechanisms, such as those operated by the government, NGOs, industry associations, and other collaborative initiatives, to all workers who may be potentially or actually materially impacted, or to individuals or organizations acting on their behalf or who are otherwise in a position to be aware of negative impacts?
-
Question Id: S2-3_10
Our current practice does not entail the direct involvement of value chain workers or their representatives in the assessment of impacts, both actual and potential, that might affect them. Instead, we focus on the interaction and dialogue with the representatives of the companies for which these workers work.
Report Date: 4Q2024Relevance: 40%