Ferrari
ESRS disclosure: ESRS S2 \ DR S2-1 \ Paragraph 17 c
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- Provide a detailed description of your organization's human rights policy commitments concerning value chain workers. Include an explanation of the processes and mechanisms in place to ensure 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. Focus specifically on the material aspects and the general approach to implementing measures that provide and/or enable remedies for human rights impacts.
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Question Id: S2-1_04
Ferrari encourages the adoption and sharing of sustainable practices among business partners, suppliers, and dealers. All suppliers must respect the Ferrari Code of Conduct, which includes a set of values recognized, adhered to, and promoted by the company. The Code of Conduct was updated in 2023 to include specific guidelines relating to the respect of human rights, environmental protection, ethical and integrity principles, with consideration also given to the value chain. The Human Rights practice sets out key principles such as the prohibition of child labor, compulsory labor and forced labor, trafficking and serfdom, attention to a healthy and safe working environment, rejection of any form of abuse, harassment and discrimination, zero tolerance concerning corruption and protection of the rights of local communities. The Practice is applicable to the entire Ferrari Group and addresses all workers who work for or on behalf of Ferrari, such as suppliers and business partners across its upstream and downstream value chain.
Report Date: 4Q2024Relevance: 70%
- 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.
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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%