Ferrari
ESRS disclosure: ESRS S2 \ DR S2-1 \ Paragraph AR 15
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- 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 direct engagement with workers in the value chain, their legitimate representatives, or credible proxies with insight into their situation, was conducted? Additionally, when disclosing the embedding of external-facing policies related to value chain workers, does the undertaking consider internal policies of responsible sourcing and alignment with other relevant policies, such as those addressing forced labour? Furthermore, does the summary of supplier codes of conduct indicate whether they include provisions addressing worker safety, precarious work, human trafficking, forced labour, or child labour, and confirm that these provisions are fully in line with applicable ILO standards?
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Question Id: S2-1_07
Currently, Ferrari has not defined specific targets for workers within the value chain. To guarantee a high standard of ethics and behavior, all third parties that wish to collaborate with Ferrari must sign the Statement of Commitment, an annex of their contract, to comply with the Code of Conduct and the Organizational Model. The Code of Conduct includes provisions addressing human rights, including the prohibition of child labor, compulsory labor and forced labor, trafficking and serfdom.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed description of any additional actions or initiatives your organization has implemented, specifically aimed at delivering positive impacts for value chain workers, as part of your strategy to address material impacts, manage material risks, and pursue material opportunities related to value chain workers. Include an assessment of the effectiveness of these actions.
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Question Id: S2-4_03
We encourage the adoption and sharing of sustainable practices among our business partners, suppliers and dealers. All suppliers must respect the Ferrari Code of Conduct, which includes the set of values recognized, adhered to and promoted by our Company. In line with our impacts, opportunities and risks, 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.
Report Date: 4Q2024Relevance: 60%