Ferrari
ESRS disclosure: ESRS S3 \ DR S3-1 \ Paragraph 16
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- Provide a detailed account of your organization's human rights policy commitments that pertain to affected communities. This should include the processes and mechanisms in place to ensure adherence to 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. Emphasize aspects that are materially significant and outline your overall strategy in this context.
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Question Id: S3-1_02
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%
- 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%