Ferrari
ESRS disclosure: ESRS S2 \ DR S2.SBM-3
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- Does the undertaking include all value chain workers who are likely to be materially impacted by its operations, products, services, and business relationships within the scope of its disclosure under ESRS 2, as required by ESRS 2 SBM-3 paragraph 48? Additionally, provide the necessary information as stipulated in the regulation.
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Question Id: S2.SBM-3_01
Our current practice does not entail the direct involvement of value chain workers or their representatives in the assessment of impacts, both actual and potential, that might affect them. Instead, we focus on the interaction and dialogue with the representatives of the companies for which these workers work. Ferrari’s value chain involves a diverse range of people across various sectors and geographical locations. Alongside our own workforce, workers within the value chain also play a fundamental role.
Report Date: 4Q2024Relevance: 50%
- Provide a detailed account of whether all value chain workers potentially subject to material impacts by your organization, including those affected through your operations, products, services, and business relationships, are encompassed within the scope of your disclosure under ESRS 2. Additionally, offer a concise description of the types of value chain workers who could be materially impacted, specifying their connection to your operations, value chain, products, services, and business relationships.
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Question Id: S2.SBM-3_02
Ferrari’s value chain involves a diverse range of people across various sectors and geographical locations. Upstream workers are part of the supply chain that provides raw materials, components and services to Ferrari. They include metal and mineral extraction workers, involved in the extraction and refining of metals used in the production process, and workers engaged in the production of components and materials. Downstream workers include mostly dealers responsible for selling Ferrari cars and logistics workers that manage the transportation and delivery of vehicles and parts. In addition, workers operating on our sites that are not part of our own workforce (i.e. temporary workers) include consultants, and employees of cleaning and temporary building maintenance companies.
Report Date: 4Q2024Relevance: 70%
- Does the undertaking include all value chain workers who are likely to be materially impacted by its operations, products, services, or business relationships within the scope of its disclosure under ESRS 2 SBM-3? Additionally, provide a brief description of the types of value chain workers who could be materially impacted and specify whether they are included in the disclosure.
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Question Id: S2.SBM-3_03
Ferrari’s value chain involves a diverse range of people across various sectors and geographical locations. Upstream workers are part of the supply chain that provides raw materials, components and services to Ferrari. They include metal and mineral extraction workers, involved in the extraction and refining of metals used in the production process, and workers engaged in the production of components and materials. Downstream workers include mostly dealers responsible for selling Ferrari cars and logistics workers that manage the transportation and delivery of vehicles and parts. In addition, workers operating on our sites that are not part of our own workforce (i.e. temporary workers) include consultants, and employees of cleaning and temporary building maintenance companies.
Report Date: 4Q2024Relevance: 85%
- Does the undertaking include all value chain workers who are likely to be materially impacted by its operations, products, services, or business relationships within the scope of its disclosure under ESRS 2 SBM-3? Additionally, identify any geographies or commodities at the country or other levels where there is a significant risk of child labour, forced labour, or compulsory labour among workers in the undertaking's value chain.
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Question Id: S2.SBM-3_04
Except for 3TG workers in high-risk or conflict-affected countries, we have no other information regarding geographies, country or other levels, or commodity areas within the Company’s value chain where there may be a significant risk of child labor, or forced or compulsory labor.
Report Date: 4Q2024Relevance: 60%
- Does the undertaking include all value chain workers likely to be materially impacted by its operations, products, services, and business relationships within the scope of its disclosure under ESRS 2 SBM-3? Additionally, provide a description of activities that result in material positive impacts, such as updated purchasing practices or capacity-building initiatives for supply chain workers. Specify the types of value chain workers that are positively affected or could be positively affected, and indicate if these positive impacts occur in specific countries or regions.
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Question Id: S2.SBM-3_06
We are in the process of structuring an ESG Due Diligence activity on our suppliers, however, we have not yet formalized a specific action plan to address the material impacts, risks and opportunities on all workers in the value chain. This implies that we have yet to implement systematic measures to identify, assess and mitigate risks that may jeopardize the well-being of workers involved in the different stages of our value chain.
Report Date: 4Q2024Relevance: 30%
- Has the undertaking disclosed whether all value chain workers, who are likely to be materially impacted by the undertaking, including those connected with its own operations, value chain, products, services, and business relationships, are included in the scope of its disclosure under ESRS 2 SBM-3 paragraph 48? Furthermore, has the undertaking provided information on any material risks and opportunities arising from impacts and dependencies on these value chain workers?
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Question Id: S2.SBM-3_07
We are in the process of structuring an ESG Due Diligence activity on our suppliers, however, we have not yet formalized a specific action plan to address the material impacts, risks and opportunities on all workers in the value chain. This implies that we have yet to implement systematic measures to identify, assess and mitigate risks that may jeopardize the well-being of workers involved in the different stages of our value chain.
Report Date: 4Q2024Relevance: 50%
- Has the undertaking developed an understanding of how workers with specific characteristics, those operating in particular contexts, or those engaged in specific activities may be at an increased risk of harm, and if so, how has this understanding been achieved? Please provide details in accordance with the materiality assessment outlined in ESRS 2 IRO-1, as it pertains to the main types of value chain workers who are or could be negatively affected.
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Question Id: S2.SBM-3_08
We are in the process of structuring an ESG Due Diligence activity on our suppliers, however, we have not yet formalized a specific action plan to address the material impacts, risks and opportunities on all workers in the value chain. This implies that we have yet to implement systematic measures to identify, assess and mitigate risks that may jeopardize the well-being of workers involved in the different stages of our value chain.
Report Date: 4Q2024Relevance: 50%
- Identify and disclose any material risks and opportunities that arise from impacts and dependencies on your value chain workers, specifying if these relate to particular groups within the value chain workforce, such as specific age groups or workers in certain factories or countries, rather than the entire workforce.
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Question Id: S2.SBM-3_09
We are in the process of structuring an ESG Due Diligence activity on our suppliers, however, we have not yet formalized a specific action plan to address the material impacts, risks and opportunities on all workers in the value chain. This implies that we have yet to implement systematic measures to identify, assess and mitigate risks that may jeopardize the well-being of workers involved in the different stages of our value chain.
Report Date: 4Q2024Relevance: 50%