Ferrari
ESRS disclosure: ESRS S3 \ DR S3-3
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- Provide a detailed description of your organization's general approach and processes for offering or contributing to remedies when it has been identified that your organization has caused or contributed to a material negative impact on affected communities. Include an explanation of whether and how your organization evaluates the effectiveness of the remedies provided.
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Question Id: S3-3_10
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.
Report Date: 4Q2024Relevance: 30%
- Provide a detailed description of the specific channels established for affected communities to directly communicate their concerns or needs with your organization and the mechanisms in place to address these issues. Indicate whether these channels are instituted by your organization or through collaboration with third-party mechanisms.
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Question Id: S3-3_11
In particular, the affected communities can raise their concerns or needs through the Ethics Helpline, available on our corporate website. The Whistleblowing procedure protects the whistleblower against retaliation. In specific business relationship cases, Ferrari requires the acceptance of the Code of Conduct which includes references to the Whistleblowing policy and the Ethics Helpline for reporting concerns. As of the date of publication of this Report, the Ethics Helpline has not been officially communicated to the affected communities even if it is publicly reachable from Ferrari corporate website.
Report Date: 4Q2024Relevance: 65%
- Provide a detailed description of the processes your undertaking employs to support or mandate the availability of channels for affected communities to raise concerns, particularly in relation to your business relationships.
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Question Id: S3-3_12
In specific business relationship cases, Ferrari requires the acceptance of the Code of Conduct which includes references to the Whistleblowing policy and the Ethics Helpline for reporting concerns.
Report Date: 4Q2024Relevance: 65%
- Provide a detailed account of the processes implemented to track and monitor issues raised and addressed, as well as the measures taken to ensure the effectiveness of the channels available for affected communities to raise concerns. Include information on stakeholder involvement, particularly those who are the intended users of these channels.
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Question Id: S3-3_13
Every initiative promoted is constantly monitored and measured with regard to its effects on the affected communities thought qualitative indicators. The effectiveness of each action listed below is reported.
Report Date: 4Q2024Relevance: 60%
- Does the undertaking disclose whether and how it assesses that affected communities are aware of and trust the structures or processes available to raise their concerns or needs and have them addressed? Furthermore, does the undertaking disclose whether policies are in place to protect individuals using these channels from retaliation? If this information has been previously disclosed in accordance with ESRS G1-1, the undertaking may reference that disclosure.
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Question Id: S3-3_14
The Whistleblowing procedure protects the whistleblower against retaliation.
Report Date: 4Q2024Relevance: 50%
- Does the undertaking have policies in place to protect individuals from retaliation when they utilize channels to raise concerns or needs, and how does it ensure that affected communities are aware of and trust these structures or processes? If this information has been previously disclosed under ESRS G1-1, reference that disclosure.
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Question Id: S3-3_15
The Whistleblowing procedure protects the whistleblower against retaliation.
Report Date: 4Q2024Relevance: 60%
- Has the undertaking failed to establish a channel for affected communities to raise concerns or support such a channel through its business relationships? If so, provide a statement confirming this and, if applicable, indicate a timeframe for implementing such channels or processes.
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Question Id: S3-3_16
Ferrari has adopted a channel for raising concerns available for affected communities. For that reason S3-3 29 is not applicable.
Report Date: 4Q2024Relevance: 75%
- Has the undertaking established a timeframe for implementing channels or processes that allow affected communities to raise concerns, in accordance with Disclosure Requirement S3-3, particularly if such channels are currently unavailable?
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Question Id: S3-3_17
Ferrari has adopted a channel for raising concerns available for affected communities. For that reason S3-3 29 is not applicable.
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%
- Provide detailed information on the process your organization employs to establish targets related to managing material negative impacts, advancing positive impacts, and addressing material risks and opportunities. Specifically, indicate whether and how your organization has engaged directly with affected communities, their legitimate representatives, or credible proxies with insight into their situation. Additionally, disclose the availability and accessibility of third-party mechanisms, such as those operated by government entities, NGOs, industry associations, or other collaborative initiatives, to all affected communities who may be potentially or actually materially impacted by your operations, as well as individuals or organizations acting on their behalf or who are otherwise positioned to be aware of negative impacts.
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Question Id: S3-3_19
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: 20%