Better Health for All

Ferrari's core business is the production and sale of luxury sports cars. The provided articles do not contain evidence suggesting that these products or services have a significant positive or negative impact on health, nor do they generate revenue from products with well-established negative health outcomes. The company does not offer health-related products or services, engage in health-focused R&D, or manage health data.

While Ferrari made a €1,000,000 donation to the Emilia-Romagna Region in 2023, the articles do not specify if this was for health crisis response or general disaster relief, preventing a score for global_health_crisis_response. Therefore, the company's impact across all relevant health KPIs is assessed as neutral or not applicable.

Fair Money & Economic Opportunity

Ferrari distributed 0.1% of its economic value to communities in 2024.

The Giorgio Deiana Foundation, supported by Ferrari Group subsidiaries, granted contributions totaling 778,304.44 CHF since its inception in 2018, including 143,713.75 CHF in 2024. The company's core business is luxury sports car manufacturing, not financial services, which means most KPIs related to fair money and economic opportunity are not applicable or lack specific evidence. The available evidence for profit reinvestment indicates a very low percentage of economic value distributed to communities, which falls into the lowest tier of the rubric.

Fair Pay & Worker Respect

In 2023, Ferrari's CEO to median employee pay ratio was 67.0.

The company achieved a globally equal pay gap between genders, as confirmed by the Equal-Salary Certification renewed in 2023. This certification covers employees in multiple countries including Italy, USA, China, and the UK, and was initially obtained for Italy in 2020.

Fair Trade & Ethical Sourcing

Ferrari reported no incidents of modern slavery or human trafficking in 2022 and 2023.

The company's Supplier Code of Conduct, updated in September 2022 and adopted in 2024, requires third parties to accept and acknowledge its principles, including compliance with labor and human rights, before entering a contract agreement. Any violation of this Code can lead to a review and possible termination of the business relationship. Ferrari conducts due diligence on suppliers, including a 'Compliance Evaluation' before engaging new suppliers, with a specific focus on conflict minerals (3TG) from high-risk countries. In 2021, 93% of direct suppliers responded to a survey regarding conflict minerals.

Honest & Fair Business

Ferrari has a formal whistleblower policy that includes anonymous reporting options, confidentiality guarantees, and a prohibition of retaliation.

An Ethics Helpline is available 24/7, managed by an independent supplier, and accessible via email or other channels. The policy requires substantiated allegations for investigation. Ferrari also has an 'Anticorruption Compliance Practice' document and a Code of Conduct that outlines guidelines to prevent corrupt practices and comply with relevant laws, including the FCPA and UK Bribery Act. This policy covers all Ferrari Group entities and personnel, prohibits bribery of public officials and private parties, including facilitation payments, and mandates periodic training programs for all employees on anti-corruption laws and the company's policy. It also requires due diligence for third parties and in M&A activities. However, the effectiveness of these programs is not publicly measured, and specific metrics like resolution times or uptake rates are not provided.

Kind to Animals

Ferrari sources 100% of its leather from the Bridge of Weir tannery, which obtains hides from cattle raised according to the Farm Animal Welfare Committee's (FAWC) five principles.

These principles ensure animals are free from hunger, discomfort, pain, disease, fear and distress, and are free to roam. Specifically, 95% of this leather originates from British and Irish cattle, with the remaining 5% from Europe. Additionally, Ferrari offers a custom faux leather interior option, Mycro Prestige, for its vehicles.

No War, No Weapons

Ferrari's core business is luxury sports car manufacturing, and there is no evidence of revenue from arms or defense contracts, dual-use technology development, or sales to embargoed regimes.

The company made a donation of Euro 1 million to support Ukrainians in need, which represents approximately 0.015% of its 2024 net revenues of €6,677 million. Ferrari endorses the UN Declaration on Human Rights, ILO Conventions, and OECD Guidelines for Multinational Companies, and joined the UN Global Compact in 2023, indicating support in principle but with uneven implementation across divisions. The company is committed to collaborating only with third parties that meet compliance, ethics, integrity, and transparency requirements, and adopted a Supplier Code of Conduct in 2024 requiring compliance with human rights laws. Before engaging new suppliers, Ferrari conducts a Compliance Evaluation to assess ethical reliability and commitment to shared values. The Supplier Risk Committee meets quarterly to review critical suppliers and approve action plans. In 2021, 93% of Ferrari’s direct suppliers by purchased value submitted responses to their conflict minerals survey.

Planet-Friendly Business

Ferrari's Scope 1 and 2 emissions were 77,691 tCO₂eq in 2023, a 7.52% decrease from 84,012 tCO₂eq in 2022.

The company aims for carbon neutrality by 2030. However, its carbon performance is not aligned with short-term, medium-term, or long-term Paris Agreement benchmarks. Ferrari invests in renewable energy sources, including a 1 MW solid oxide fuel cell plant which accounts for 5% of production, and a 1 MW solar system. The company invests in Verra-certified carbon avoidance projects. Ferrari North America, Inc. entered into an administrative settlement with the U.S. Environmental Protection Agency for three violations related to importing vehicles without proper EPA certification, resulting in a $16,000 civil penalty.

Respect for Cultures & Communities

The company's 2022 Sustainability Report explicitly states that there are no reported cultural appropriation incidents.

While external articles discuss controversies regarding the casting of non-Italian actors in films portraying Italian characters, including Enzo Ferrari, these incidents relate to external film productions and not direct actions or products of the company 2FE.XETRA itself. Additionally, the 2022 and 2023 Sustainability Reports do not explicitly mention any formal partnerships with indigenous or local community groups, which aligns with a score of 0 as not applicable to the company's business model.

Zero Waste & Sustainable Products

Ferrari's waste diversion rate was 13% in 2024.

The average recyclability of vehicles sold is 85%, guaranteed on the European fleet. The company is not directly involved in product take-back programs. Ferrari has implemented several waste reduction initiatives, including in-house recycling of manufacturing scraps, specialized recycling of aluminum shavings, and the introduction of scorifying salts in early 2023, which resulted in a 50% reduction in slag. Improvements to on-site water treatment in Maranello led to a 17.5% reduction in waste from washing and degreasing solutions and a 10.5% reduction in oil emulsion waste compared to 2019. Hazardous waste diverted from disposal was 13.0% in 2022, with 21.7% directed to disposal. The Ferrari Classiche department supports customers in managing historic vehicles over 20 years old. Waste generation is tracked across all entities starting January 2024, and annual waste audits are conducted for all major facilities. The company had no cases of non-compliance with waste disposal laws and regulations in 2024 and no significant final judgments relating to non-compliance in 2022. Ferrari has company-wide waste reduction targets, as evidenced by its Supplier Code of Conduct. Waste requirements are in place for all tier-1 suppliers, and the company encourages sustainable practices among business partners. Basic disposal information is provided on most products and packaging.