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%
- 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 in relation to value chain workers? Furthermore, does the undertaking provide information on whether and how it engages directly with workers in the value chain, their legitimate representatives, or credible proxies with insight into their situation? Additionally, considering material negative impacts affecting value chain workers that may be linked to entities or operations outside the undertaking's direct control, does the undertaking disclose whether and how it seeks to use leverage in its business relationships to manage these impacts? This may involve the use of commercial leverage, such as enforcing contractual requirements or implementing incentives, other forms of leverage within the relationship, such as providing training or capacity-building on workers’ rights, or collaborative leverage with peers or other actors, such as initiatives aimed at responsible recruitment or ensuring workers receive an adequate wage.
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Question Id: S2-4_13
Currently, we have not defined specific targets for workers within our value chain. To guarantee a high standard of ethics and behavior, we require all third parties that wish to collaborate with us to sign the Statement of Commitment, an annex of our contract, to comply with the Code of Conduct and the Organizational Model established by Legislative Decree no. 231/2001. For more information on this document please refer to paragraph 'GI—Business Conduct—Responsible purchasing practices'. Furthermore, Ferrari uses specific tools to monitor and stay informed about its suppliers. These tools allow for a thorough screening of all available online news regarding environmental, social and governance (ESG) issues. This process not only ensures greater transparency, but also enables Ferrari to make more informed decisions, thus promoting the social responsibility and ethical commitment of its supplier network.
Report Date: 4Q2024Relevance: 45%