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 description of the measures your organization has implemented to ensure that processes are in place to provide or enable remedies in the event of material negative impacts on affected communities. Include an evaluation of the availability and effectiveness of these processes in their implementation and outcomes.
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Question Id: S3-4_07
Ferrari has a whistleblowing procedure that protects against retaliation, allowing affected communities to raise concerns or needs through the Ethics Helpline available on their corporate website. However, the Ethics Helpline has not been officially communicated to the affected communities even if it is publicly reachable.
Report Date: 4Q2024Relevance: 60%