The materiality analysis is the process of identifying the topics that are relevant for the Group, based on an assessment of impacts, risks, and opportunities. In 2024, a double materiality analysis was conducted according to the European Sustainability Reporting Standard and related guidelines. The analysis is updated annually based on regulatory developments, business developments, and stakeholder engagement. The table on page 189 shows the link between ESRS topics and Ferrari’s material topics, including climate change, pollution, resource use and circular economy, and various workforce-related topics.