Ferrari
ESRS disclosure: ESRS S2 \ DR S2-1 \ Paragraph AR 12
Tags Tree
- Provide a detailed explanation of any significant changes to the policies adopted during the reporting year, specifically in relation to Disclosure Requirement S2-5. This should include the process for setting targets concerning the management of material negative impacts, the advancement of positive impacts, and the management of material risks and opportunities. Additionally, clarify whether and how the undertaking engaged directly with workers in the value chain, their legitimate representatives, or credible proxies with insight into their situation, as outlined in Disclosure Requirement S2-1. Include any new expectations for suppliers or new approaches to due diligence and remedy.
-
Question Id: S2-1_10
Ferrari is in the process of structuring an ESG Due Diligence activity on its suppliers, however, it has not yet formalized a specific action plan to address the material impacts, risks, and opportunities on all workers in the value chain. The Drive Sustainability questionnaire and the Compliance Evaluation are preliminary activities for a more structured ESG Due Diligence activity aimed at preventing potential negative impacts on workers along the value chain. Before entering into any form of commercial collaboration with a supplier, Ferrari undertakes a thorough assessment through the Compliance Evaluation process, which allows the company to analyze the supplier from multiple angles, ensuring that it meets high ethical and legal standards.
Report Date: 4Q2024Relevance: 60%
- What resources has your undertaking allocated to manage its material impacts on value chain workers, and how do these allocations enable users to understand the management of these impacts?
-
Question Id: S2-4_12
The design of Ferrari’s conflict minerals program is consistent with the Organization for Economic Co-operation and Development (OECD) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, Third edition, and related Supplements on Tin, Tantalum and Tungsten and on Gold (collectively, 'OECD Guidance'). Ferrari uses the tools and programs developed by the Conflict-Free Sourcing Initiative ('CFSI'), an industry initiative that audits smelters and refiners’ due diligence activities, including in particular the Conflict Minerals Reporting Template ('CMRT') and the Conflict Free Smelter Program ('CFSP'). We are strongly committed to increasing the coverage of our analysis and the response rate through targeted actions. No significant operational or capital expenditures have been allocated to this action in 2024 or are planned for the future.
Report Date: 4Q2024Relevance: 30%