Ferrari
ESRS disclosure: ESRS S3 \ DR S3-1 \ Paragraph 16 c
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- Provide a detailed description of your company's human rights policy commitments that pertain to affected communities. Include an explanation of the processes and mechanisms in place to ensure compliance with 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. Focus on material matters and outline your general approach to implementing measures that provide and/or enable remedy for human rights impacts.
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Question Id: S3-1_05
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: 50%
- Does the undertaking disclose the process for setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities, specifically addressing whether and how it engaged directly with affected communities, their legitimate representatives, or credible proxies with insight into their situation? Furthermore, in relation to each material impact, does the undertaking provide information on whether and how affected communities can access channels at the level of the undertaking they are impacted by, including details on language accessibility and consultation in the design of these channels?
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Question Id: S3-3_18
We are strongly dedicated to actions and initiatives that have a positive impact on the affected communities, even though no specific targets have been set.
Report Date: 4Q2024Relevance: 30%