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? Furthermore, does the undertaking describe the processes to remediate negative impacts and the channels available for value chain workers to raise concerns, including whether these mechanisms protect individuals against retaliation, treat grievances confidentially, respect privacy and data protection rights, and allow for anonymous submissions, such as through third-party representation?

Question

Accepted Answer

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.

Ferrari

ESRS disclosure: S2-3_12

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