Ferrari
ESRS disclosure: ESRS S2 \ DR S2-1 \ Paragraph 18
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- Does the undertaking's policy concerning value chain workers explicitly address issues of trafficking in human beings, forced or compulsory labour, and child labour? Additionally, does the undertaking maintain a supplier code of conduct?
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Question Id: S2-1_05
In line with the Code of Conduct, Ferrari's Human Rights practice sets out key principles such as the prohibition of child labor, compulsory labor and forced labor, trafficking and serfdom. The Code of Conduct applies to all suppliers, dealers, advisors, and agents of Ferrari. Therefore, the undertaking maintains a supplier code of conduct.
Report Date: 4Q2024Relevance: 95%
- Does the undertaking's policy concerning value chain workers explicitly address issues such as trafficking in human beings, forced or compulsory labor, and child labor? Additionally, does the undertaking have a supplier code of conduct?
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Question Id: S2-1_06
In line with the Code of Conduct, Ferrari's Human Rights practice sets out key principles such as the prohibition of child labor, compulsory labor and forced labor, trafficking and serfdom. The Code of Conduct applies to all suppliers, dealers, advisors, and agents of Ferrari. Therefore, the undertaking maintains a supplier code of conduct.
Report Date: 4Q2024Relevance: 95%
- Provide a detailed description of the methods employed to track and assess the effectiveness of actions and initiatives aimed at delivering intended outcomes for value chain workers, as per Disclosure Requirement S2-4 concerning material impacts, risk management, and opportunity pursuit related to value chain workers.
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Question Id: S2-4_04
The Drive Sustainability questionnaire and the Compliance Evaluation are preliminary activities for a more structured ESG Due Diligence activity also aimed at preventing the above-mentioned potential negative impacts on workers along the value chain. Before entering in any form of commercial collaboration with a supplier, we undertake a thorough assessment through the Compliance Evaluation process, which allows us to analyze the supplier from multiple angles, ensuring that it meets high ethical and legal standards. The main areas of analysis include anti-corruption, trade sanctions, money laundering, conflict of interest, ethics (including human rights) and reputation. On the other hand, the Drive Sustainability Questionnaire is mainly intended for those with whom a contract is already in place. Through the latter we request suppliers to provide detailed information regarding their social and environmental practices. In this questionnaire, we request general information regarding their code of ethics, implemented human rights policies and the existence of complaint mechanisms or formal complaint handling procedures. In addition, we ask for specific information on workers’ health and safety to ensure that the highest standards are met. In addition to social aspects, the questionnaire also includes questions on environmental issues. In particular, we examine the responsible sourcing of raw materials and the sustainable management of the entire value chain. This holistic approach allows us not only to assess the current practices of our suppliers, but also to promote a collective commitment to sustainability and social responsibility within our supply chain.
Report Date: 4Q2024Relevance: 65%