Ferrari
ESRS disclosure: ESRS S2 \ DR S2-1 \ Paragraph 17
Tags Tree
- Provide a comprehensive description of your company's human rights policy commitments that pertain to value chain workers. Include details on the processes and mechanisms implemented to ensure compliance with the UN Guiding Principles on Business and Human Rights, the ILO Declaration on Fundamental Principles and Rights at Work, and the OECD Guidelines for Multinational Enterprises. Focus on material matters and outline the general approach adopted by your company in this context.
-
Question Id: S2-1_01
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: 65%
- 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?
-
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%