Ferrari
Automobile Manufacturers
Netherlands
ESRS disclosure: ESRS S3 \ DR S3-1 \ Paragraph AR 9
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- Can you provide a detailed explanation of any significant changes made to the policies adopted during the reporting year, specifically in relation to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities? Include a description of the process for setting these targets, and specify whether and how your organization engaged directly with affected communities, their legitimate representatives, or credible proxies with insight into their situation. Ensure that the description includes key information necessary for a faithful representation of the policies related to affected communities, particularly highlighting any new or additional approaches to engagement, due diligence, and remedy.
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Question Id: S3-1_08
Affected communities included in the scope of the disclosure under ESRS 2 are mainly communities located near the production plants. In 2024, no negative impacts on affected communities emerged. Nevertheless, a whistleblowing channel is available to third parties, including members of the community.
Report Date: 4Q2024Relevance: 30%
- Provide a detailed account of the process your organization employs to establish targets aimed at managing material negative impacts, enhancing positive impacts, and addressing material risks and opportunities. Specify whether and how your organization has engaged directly with affected communities, their legitimate representatives, or credible proxies with insight into their situation. Additionally, describe the actions taken concerning material impacts on affected communities, the strategies for managing material risks, and the pursuit of material opportunities related to these communities. Include an evaluation of the effectiveness of these actions, particularly in relation to environmental matters as outlined in ESRS E1 to E5.
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Question Id: S3-4_14
Ferrari is strongly dedicated to actions and initiatives that have a positive impact on the affected communities, even though no specific targets have been set. Every initiative promoted is constantly monitored and measured with regard to its effects on the affected communities through qualitative indicators. The effectiveness of each action is reported.
Report Date: 4Q2024Relevance: 60%