Ferrari
ESRS disclosure: ESRS S3 \ DR S3-2
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- Provide a detailed account of the methods and channels used to communicate your policies to relevant individuals, groups, or entities. This includes those expected to implement the policies, such as employees, contractors, and suppliers, as well as those with a vested interest in their execution, like workers and investors. Include any communication tools utilized, such as flyers, newsletters, dedicated websites, social media, face-to-face interactions, or representatives. Additionally, describe any measures taken to ensure accessibility and comprehension of the policies, such as translations or graphic depictions, and explain how potential barriers to dissemination are identified and addressed.
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Question Id: S3-1_09
In particular, the affected communities can raise their concerns or needs through the Ethics Helpline, available on our corporate website. The Whistleblowing procedure protects the whistleblower against retaliation. In specific business relationship cases, Ferrari requires the acceptance of the Code of Conduct which includes references to the Whistleblowing policy and the Ethics Helpline for reporting concerns. As of the date of publication of this Report, the Ethics Helpline has not been officially communicated to the affected communities even if it is publicly reachable from Ferrari corporate website.
Report Date: 4Q2024Relevance: 50%
- "Provide a detailed account of whether and how the perspectives of affected communities are integrated into your company's decision-making processes or activities concerning the management of actual and potential impacts on these communities. Include, where applicable, an explanation of the methods and processes employed for such engagement."
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Question Id: S3-2_01
In line with our values, our impacts, risks and opportunities, we seek to play a key role in supporting the communities within which we operate, with a view to shared growth. For this reason, according to our Code of Conduct, we engage in constant and transparent dialogue with communities and the main local stakeholders involved directly or indirectly in our activities and in the development of social initiatives. The practice covers the following impacts and opportunity: “Support community education through general and technical programs”, “Impact on the community (e.g. Maranello) wealth thanks to the employment (e.g. job opportunities for local students, financial stability of employees)” and “Improved reputation and acquisition of new skills/expertise through stronger relationships with local communities and wealth generation (e.g. collaboration with schools and universities, local job creation, support for small local businesses)”.
Report Date: 4Q2024Relevance: 65%
- Does the undertaking disclose the manner in which the perspectives of affected communities are integrated into its decision-making processes or activities concerning the management of actual and potential impacts on these communities? Specifically, does the engagement occur directly with the affected communities or their legitimate representatives, or is it conducted through credible proxies who possess insight into their situation?
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Question Id: S3-2_02
We engage in constant and transparent dialogue with communities and the main local stakeholders involved directly or indirectly in our activities and in the development of social initiatives.
Report Date: 4Q2024Relevance: 65%
- Provide detailed information on the processes for engaging with affected communities regarding impacts. Specify whether and how the perspectives of these communities influence your decisions or activities in managing actual and potential impacts. Include an explanation of the stage(s) at which engagement occurs, the type of engagement, and the frequency of the engagement.
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Question Id: S3-2_03
Community engagement takes place through technical committees composed of representatives of technical institutes or universities, among which school directors and teachers in charge of such courses. The topics included in the different course curricula are discussed with Ferrari representatives, with the purpose of providing students with the skills needed for their future careers. Ferrari’s representatives are members of the Human Resources department, and they report to the Chief Human Resources Officer, who is the most senior role that has the responsibility for ensuring the engagement happens and that the results inform Ferrari’s approach on education. The frequency of the committees’ meetings varies depending on both the level of education (i.e. at least three times a year with universities and annually with technical institutes) and on the status of projects (i.e. in the case of new course being planned, the committee will be convened more frequently compared to long-lasting activities).
Report Date: 4Q2024Relevance: 60%
- Identify and describe the function and the most senior role within your organization that holds operational responsibility for ensuring engagement with affected communities occurs, and explain how the outcomes of this engagement inform your organization's approach to managing actual and potential impacts on these communities.
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Question Id: S3-2_04
Ferrari’s representatives are members of the Human Resources department, and they report to the Chief Human Resources Officer, who is the most senior role that has the responsibility for ensuring the engagement happens and that the results inform Ferrari’s approach on education.
Report Date: 4Q2024Relevance: 80%
- Provide a detailed account of the processes your organization employs to engage with affected communities regarding impacts. Specifically, disclose whether and how the perspectives of these communities are integrated into your decision-making or activities aimed at managing actual and potential impacts. Include an explanation of how your organization assesses the effectiveness of its engagement with affected communities, detailing any relevant agreements or outcomes that have resulted from these engagements.
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Question Id: S3-2_05
Community engagement takes place through technical committees composed of representatives of technical institutes or universities, among which school directors and teachers in charge of such courses. The topics included in the different course curricula are discussed with Ferrari representatives, with the purpose of providing students with the skills needed for their future careers. These engagement activities can be considered effective given that this cooperation has been ongoing for many years.
Report Date: 4Q2024Relevance: 50%
- Provide a detailed account of the measures implemented to understand the viewpoints of affected communities, particularly those that are vulnerable to impacts or marginalized. Include insights into specific groups within these communities, such as women and girls, as per Disclosure Requirement S3-2.
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Question Id: S3-2_06
In addition, in 2024 the MUNER Gender and Diversity Empowerment Committee was officially established, with a Ferrari representative as part of it. This Committee focuses on gender issues in the automotive sector and engineering education. Indeed, since the automotive sector is characterized by significant gender disparity, addressing this issue at the governance level becomes crucial. The Committee actively aims at pursuing a set of key objectives, including promoting an inclusive corporate and academic culture that respects gender diversity, actively involving all stakeholders in decision-making processes and job opportunities, sharing best practices and successful experiences in gender equality, and implementing targeted training programs to raise awareness and educate on gender equality topics.
Report Date: 4Q2024Relevance: 50%
- Provide a detailed account of the processes your organization employs to engage with affected communities, specifically focusing on indigenous peoples. Include an explanation of how your organization acknowledges and respects the unique rights of indigenous peoples within your stakeholder engagement strategy. This should encompass their right to free, prior, and informed consent concerning their cultural, intellectual, religious, and spiritual property; activities impacting their lands and territories; and any legislative or administrative measures affecting them. Additionally, disclose whether and how indigenous peoples have been consulted regarding the mode and parameters of the engagement, such as in the design of the agenda, nature, and timeliness of the engagement.
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Question Id: S3-2_07
Regarding local communities along the value chain, impacts have emerged as not relevant, and the rights of indigenous people are not applicable, given the nature of our operational activities.
Report Date: 4Q2024Relevance: 20%
- Has the undertaking failed to adopt a general process for engaging with affected communities regarding impacts? If so, disclose this fact and provide a timeframe for when such a process will be established.
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Question Id: S3-2_08
Ferrari has adopted a channel for raising concerns available for affected communities. For that reason S3-3 29 is not applicable.
Report Date: 4Q2024Relevance: 75%
- Has the undertaking adopted a general process for engaging with affected communities regarding impacts? If not, disclose this fact and provide a timeframe within which the undertaking aims to establish such a process.
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Question Id: S3-2_09
Ferrari has adopted a channel for raising concerns available for affected communities. For that reason S3-3 29 is not applicable.
Report Date: 4Q2024Relevance: 85%