Ferrari
ESRS disclosure: ESRS S3 \ DR S3-1 \ Paragraph 17
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- Provide a detailed account of whether and how your organization's policies concerning affected communities align with internationally recognized standards, specifically those pertinent to communities and indigenous peoples. This includes alignment with the United Nations (UN) Guiding Principles on Business and Human Rights. Additionally, disclose any instances of non-compliance with the UN Guiding Principles on Business and Human Rights, the ILO Declaration on Fundamental Principles and Rights at Work, or the OECD Guidelines for Multinational Enterprises that involve affected communities. Include information on whether such cases have been reported within your operations or throughout your upstream and downstream value chain, and specify the nature of these cases, if applicable.
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Question Id: S3-1_06
In 2024, to the best of our knowledge there were no severe human rights issues or incidents, nor any cases of non-respect of the human rights principle embodied into the internationally recognized standards mentioned in the “SI—Own workforce—Human Rights” paragraph, among affected communities.
Report Date: 4Q2024Relevance: 60%
- Has your company established policies concerning affected communities that align with internationally recognized standards, such as the United Nations Guiding Principles on Business and Human Rights? Additionally, provide details on the extent to which any instances of non-compliance with these principles, the ILO Declaration on Fundamental Principles and Rights at Work, or the OECD Guidelines for Multinational Enterprises have been identified within your operations or throughout your value chain. If applicable, specify the nature of these cases.
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Question Id: S3-1_07
In 2024, to the best of our knowledge there were no severe human rights issues or incidents, nor any cases of non-respect of the human rights principle embodied into the internationally recognized standards mentioned in the “SI—Own workforce—Human Rights” paragraph, among affected communities.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of the actions your organization has taken, plans to take, or is currently undertaking to prevent or mitigate material negative impacts on affected communities. Include approaches to managing material risks and pursuing material opportunities related to these communities, as well as the effectiveness of these actions.
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Question Id: S3-4_01
Ferrari is committed to supporting the development of local communities through collaborations with local universities and schools, and thanks to the industry network in the Emilia-Romagna region. They focus on promoting the education of young talents and developing engineers with a specific academic background focused on emerging technologies in the automotive industry. Ferrari supports community education through general and technical programs and impacts the community by providing job opportunities for local students and financial stability for employees. They also aim to improve reputation and acquisition of new skills/expertise through stronger relationships with local communities and wealth generation. Ferrari has no negative impacts on affected communities with particular characteristics and is dedicated to respecting the rights of local communities and contributing positively to their realization. They have a whistleblowing procedure to protect against retaliation and have not communicated the Ethics Helpline to affected communities, although it is publicly reachable.
Report Date: 4Q2024Relevance: 65%