ESRS disclosure: ESRS S2 \ DR S2-1 \ Paragraph AR 12

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  • Has the undertaking taken action to provide or enable remedy concerning an actual material impact on value chain workers, and if so, how has this been achieved?
  • Question Id: S2-4_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: 4Q2024