Ferrari
ESRS disclosure: ESRS S3 \ DR S3-1 \ Paragraph 16
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- Provide a detailed account of your organization's human rights policy commitments that pertain to affected communities. This should include the processes and mechanisms in place to ensure adherence to 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. Emphasize aspects that are materially significant and outline your overall strategy in this context.
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Question Id: S3-1_02
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: 60%
- Identify and describe any initiatives or processes your organization has implemented that primarily aim to deliver positive impacts for affected communities, while also supporting the achievement of one or more Sustainable Development Goals. Specify if these initiatives or processes are designed to address material risks and opportunities related to specific groups within your value chain workers, such as particular age groups or workers in specific factories or countries, rather than the entire workforce.
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Question Id: S3-4_18
Ferrari has installed a Miri Classroom at a local elementary school, providing immersive and inclusive learning environments. They continue work with the e.DO Learning Center, offering students opportunities to learn about artificial intelligence and new technologies. Ferrari has been a partner of 'ITS Maker', providing students with practical skills and internships. They are also involved in the Motorvehicle University of Emilia-Romagna (MUNER), promoting inclusivity in STEM fields and motorsports. These initiatives are aimed at supporting the local community and enhancing educational opportunities.
Report Date: 4Q2024Relevance: 85%