Ferrari
Automobile Manufacturers
Netherlands
ESRS disclosure: ESRS S3 \ DR S3-1 \ Paragraph AR 9
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- 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%
- 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%