Ferrari
ESRS disclosure: ESRS S3 \ DR S3-1 \ Paragraph 17
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- Provide a detailed account of whether and how your organization's policies concerning affected communities align with internationally recognized standards, specifically those pertinent to communities and indigenous peoples. This includes alignment with the United Nations (UN) Guiding Principles on Business and Human Rights. Additionally, disclose any instances of non-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 that involve affected communities. Include information on whether such cases have been reported within your operations or throughout your upstream and downstream value chain, and specify the nature of these cases, if applicable.
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Question Id: S3-1_06
In 2024, to the best of our knowledge there were no severe human rights issues or incidents, nor any cases of non-respect of the human rights principle embodied into the internationally recognized standards mentioned in the “SI—Own workforce—Human Rights” paragraph, among affected communities.
Report Date: 4Q2024Relevance: 60%
- Has your company established policies concerning affected communities that align with internationally recognized standards, such as the United Nations Guiding Principles on Business and Human Rights? Additionally, provide details on the extent to which any instances of non-compliance with these principles, the ILO Declaration on Fundamental Principles and Rights at Work, or the OECD Guidelines for Multinational Enterprises have been identified within your operations or throughout your value chain. If applicable, specify the nature of these cases.
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Question Id: S3-1_07
In 2024, to the best of our knowledge there were no severe human rights issues or incidents, nor any cases of non-respect of the human rights principle embodied into the internationally recognized standards mentioned in the “SI—Own workforce—Human Rights” paragraph, among affected communities.
Report Date: 4Q2024Relevance: 60%
- 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%