Ferrari
ESRS disclosure: ESRS S3 \ DR S3-1 \ Paragraph 16 c
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- Provide a detailed description of your company's human rights policy commitments that pertain to affected communities. Include an explanation of the processes and mechanisms in place to ensure compliance with the UN Guiding Principles on Business and Human Rights, the ILO Declaration on Fundamental Principles and Rights at Work, and the OECD Guidelines for Multinational Enterprises. Focus on material matters and outline your general approach to implementing measures that provide and/or enable remedy for human rights impacts.
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Question Id: S3-1_05
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. For a detailed description of key contents refer to the Code of Conduct, please refer to the “GI—Business Conduct—Business conduct policies and corporate culture” paragraph. In addition, the attention to affected communities is also outlined in the Human Rights Practice. For additional information please refer to the “SI—Own workforce—Human Rights” paragraph.
Report Date: 4Q2024Relevance: 50%
- Provide a detailed explanation of the approximate scope of affected communities encompassed by the social investment or development programs described. Additionally, if applicable, elucidate the rationale behind the selection of these specific communities for the implementation of the respective social investment or development programs.
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Question Id: S3-4_17
Affected communities included in the scope of the disclosure under ESRS 2 are mainly communities located near the production plants. Ferrari engages with these communities through educational initiatives and collaborations with local schools and universities.
Report Date: 4Q2024Relevance: 65%