Ferrari
ESRS disclosure: ESRS S2 \ DR S2-1 \ Paragraph 17 c
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- Provide a detailed description of your organization's human rights policy commitments concerning value chain workers. Include an explanation of the processes and mechanisms in place to ensure 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. Focus specifically on the material aspects and the general approach to implementing measures that provide and/or enable remedies for human rights impacts.
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Question Id: S2-1_04
Ferrari encourages the adoption and sharing of sustainable practices among business partners, suppliers, and dealers. All suppliers must respect the Ferrari Code of Conduct, which includes a set of values recognized, adhered to, and promoted by the company. The Code of Conduct was updated in 2023 to include specific guidelines relating to the respect of human rights, environmental protection, ethical and integrity principles, with consideration also given to the value chain. The Human Rights practice sets out key principles such as the prohibition of child labor, compulsory labor and forced labor, trafficking and serfdom, attention to a healthy and safe working environment, rejection of any form of abuse, harassment and discrimination, zero tolerance concerning corruption and protection of the rights of local communities. The Practice is applicable to the entire Ferrari Group and addresses all workers who work for or on behalf of Ferrari, such as suppliers and business partners across its upstream and downstream value chain.
Report Date: 4Q2024Relevance: 70%
- Does the undertaking disclose any initiatives or processes specifically aimed at delivering positive impacts for value chain workers that are also designed to support the achievement of one or more UN Sustainable Development Goals (SDGs)? If so, please detail the process for setting these targets, including whether and how the undertaking engaged directly with workers in the value chain, their legitimate representatives, or credible proxies with insight into their situation. Additionally, specify any actions taken to advance UN SDG 8, such as capacity-building for smallholders in the supply chain or training programs to increase the proportion of women in delivery roles within the downstream value chain.
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Question Id: S2-4_17
We encourage the adoption and sharing of sustainable practices among our business partners, suppliers and dealers. All suppliers must respect the Ferrari Code of Conduct, which includes the set of values recognized, adhered to and promoted by our Company. In line with our impacts, opportunities and risks, the Code of Conduct was updated in 2023 to include specific guidelines relating to the respect of human rights, environmental protection, ethical and integrity principles, with consideration also given to the value chain.
Report Date: 4Q2024Relevance: 50%