Ferrari
ESRS disclosure: ESRS S3 \ DR S3-1 \ Paragraph 16 b
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- Provide a detailed description of your company's human rights policy commitments relevant to affected communities. Include information on the processes and mechanisms in place to monitor compliance with the UN Guiding Principles on Business and Human Rights, the ILO Declaration on Fundamental Principles and Rights at Work, or the OECD Guidelines for Multinational Enterprises. Focus on material matters and outline your general approach to engaging with affected communities.
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Question Id: S3-1_04
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%
- Provide a detailed description of the internal functions involved in managing impacts, specifying the types of actions these functions undertake to address negative impacts and promote positive impacts. This disclosure should align with the process for setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities, as outlined in Disclosure Requirement S3-5. Additionally, indicate whether and how the undertaking engaged with affected communities or their representatives in accordance with Disclosure Requirement S3-4.
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Question Id: S3-4_19
Ferrari engages with affected communities through educational initiatives, collaborating with technical schools and universities. They conduct surveys, focus groups, and interviews with students to gain insight and understand challenges and needs. The committee explores reasons behind gaps and lack of opportunities, particularly for students pursuing STEM and motorsports careers.
Report Date: 4Q2024Relevance: 60%