Ferrari
ESRS disclosure: ESRS S2 \ DR S2-1 \ Paragraph 19
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- Provide a detailed account of whether and how your company's policies concerning value chain workers align with internationally recognized instruments pertinent to value chain workers, such as the United Nations Guiding Principles on Business and Human Rights. Additionally, disclose the extent to which any instances of non-compliance with the UN Guiding Principles on Business and Human Rights, the ILO Declaration on Fundamental Principles and Rights at Work, or the OECD Guidelines for Multinational Enterprises have been reported within your upstream and downstream value chain. If applicable, include an indication of the nature of such cases.
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Question Id: S2-1_08
In 2024, to the best of Ferrari's knowledge, there were no severe human rights issues or incidents, nor any cases of non-respect of the human rights principle embodied into the internationally recognized standards mentioned in the 'SI—Own workforce—Human Rights' paragraph, among value chain workers.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of whether and how your company's policies concerning value chain workers align with internationally recognized standards, specifically the United Nations Guiding Principles on Business and Human Rights. Additionally, disclose the extent to which any instances of non-compliance with these principles, the ILO Declaration on Fundamental Principles and Rights at Work, or the OECD Guidelines for Multinational Enterprises have been identified within your upstream and downstream value chain. If applicable, include an indication of the nature of such cases.
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Question Id: S2-1_09
In 2024, to the best of Ferrari's knowledge, there were no severe human rights issues or incidents, nor any cases of non-respect of the human rights principle embodied into the internationally recognized standards mentioned in the 'SI—Own workforce—Human Rights' paragraph, among value chain workers.
Report Date: 4Q2024Relevance: 60%
- 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%