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%
- 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?
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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%