Ferrari
ESRS disclosure: ESRS S2 \ DR S2-1 \ Paragraph AR 12
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- Provide a detailed explanation of any significant changes to the policies adopted during the reporting year, specifically in relation to Disclosure Requirement S2-5. This should include the process for setting targets concerning the management of material negative impacts, the advancement of positive impacts, and the management of material risks and opportunities. Additionally, clarify whether and how the undertaking engaged directly with workers in the value chain, their legitimate representatives, or credible proxies with insight into their situation, as outlined in Disclosure Requirement S2-1. Include any new expectations for suppliers or new approaches to due diligence and remedy.
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Question Id: S2-1_10
Ferrari is in the process of structuring an ESG Due Diligence activity on its suppliers, however, it has not yet formalized a specific action plan to address the material impacts, risks, and opportunities on all workers in the value chain. The Drive Sustainability questionnaire and the Compliance Evaluation are preliminary activities for a more structured ESG Due Diligence activity aimed at preventing potential negative impacts on workers along the value chain. Before entering into any form of commercial collaboration with a supplier, Ferrari undertakes a thorough assessment through the Compliance Evaluation process, which allows the company to analyze the supplier from multiple angles, ensuring that it meets high ethical and legal standards.
Report Date: 4Q2024Relevance: 60%
- 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%