Ferrari
ESRS disclosure: ESRS S3 \ DR S3-1 \ Paragraph 16 b
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- Provide a detailed description of your company's human rights policy commitments relevant to affected communities. Include information on the processes and mechanisms in place to monitor 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 on material matters and outline your general approach to engaging with affected communities.
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Question Id: S3-1_04
Ferrari is firmly dedicated to respecting the rights of local communities and to positively contributing to their realization, believing that their cultural and natural heritage, as well as traditions and customs, are key elements for the success of its business and for the whole society. Our support to a range of associations and local authorities is evidence of our commitment in this area. For a detailed description of key contents refer to the Code of Conduct, please refer to the “GI—Business Conduct—Business conduct policies and corporate culture” paragraph. In addition, the attention to affected communities is also outlined in the Human Rights Practice. For additional information please refer to the “SI—Own workforce—Human Rights” paragraph.
Report Date: 4Q2024Relevance: 60%
- Can you provide a detailed explanation of any significant changes made to the policies adopted during the reporting year, specifically in relation to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities? Include a description of the process for setting these targets, and specify whether and how your organization engaged directly with affected communities, their legitimate representatives, or credible proxies with insight into their situation. Ensure that the description includes key information necessary for a faithful representation of the policies related to affected communities, particularly highlighting any new or additional approaches to engagement, due diligence, and remedy.
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Question Id: S3-1_08
Affected communities included in the scope of the disclosure under ESRS 2 are mainly communities located near the production plants. In 2024, no negative impacts on affected communities emerged. Nevertheless, a whistleblowing channel is available to third parties, including members of the community.
Report Date: 4Q2024Relevance: 30%