Provide a detailed account of the process by which your organization establishes targets related to managing material negative impacts, advancing positive impacts, and addressing material risks and opportunities. Specifically, disclose whether and how your organization has engaged directly with workers within the value chain, their legitimate representatives, or credible proxies who possess insight into their circumstances. Additionally, describe the role these value chain workers, representatives, or proxies play in decision-making concerning the design and implementation of initiatives or processes aimed at addressing their needs, and evaluate the progress and effectiveness of such initiatives or processes.

Question

Accepted Answer

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.

Ferrari

ESRS disclosure: S2-4_15

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