Ferrari
ESRS disclosure: ESRS S3 \ DR S3-2 \ Paragraph 21
Tags Tree
- "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."
-
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, 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.
-
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%