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