Ferrari
ESRS disclosure: ESRS S3 \ DR S3-2 \ Paragraph 21
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- "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%
- 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%