Ferrari N.V.

Maranello, Italy

Ferrari is an Italian luxury sports car manufacturer renowned for its high-performance vehicles and active participation in Formula One racing. The brand is synonymous with engineering excellence and iconic automotive design.

CCI Score

62.72

-0.03% April 18

Latest Event

Ferrari Group Modern Slavery and Human Trafficking Statement

Ferrari Group has issued a detailed modern slavery and human trafficking statement emphasizing its commitment to upholding labor rights and ethical supply chain practices, including strict measures to prevent forced labor, child labor, and human trafficking within its operations and supply chain.

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LEADER

Ferrari N.V. is currently rated as a Leader.

+45 to +100 CCI Score

Companies in this range actively lead the fight against authoritarianism by rejecting oppressive practices and championing democratic values. They implement robust policies, engage in transparent governance, and drive initiatives that set the standard for corporate responsibility.

Latest Events

APR

05

2023

Ferrari Group Modern Slavery and Human Trafficking Statement
67.28

Ferrari Group has issued a detailed modern slavery and human trafficking statement emphasizing its commitment to upholding labor rights and ethical supply chain practices, including strict measures to prevent forced labor, child labor, and human trafficking within its operations and supply chain.
+85

Labor Relations and Human Rights Practices

March 21

Ferrari Group's statement demonstrates a strong commitment to labor relations and human rights practices, outlining strict policies against forced labor, child labor, and discrimination. Their proactive measures, including comprehensive employee rights policies and whistleblowing mechanisms, reflect a high standard in protecting workers and promoting ethical practices.

Slavery and Human Trafficking Statement
+80

Supply Chain Ethics

March 21

The statement highlights Ferrari Group's rigorous supply chain ethics by enforcing stringent supplier checks and ensuring that all new partners comply with anti-slavery standards. This reflects a proactive stance in preventing modern slavery and human trafficking across its global supply network.

Slavery and Human Trafficking Statement
MAR

08

2023

Ferrari Renews Collective Labor Agreement with Enhanced Worker Benefits
64.74

Ferrari N.V. announced the renewal of its company-specific collective labor agreement for 2023-2026, which includes an over 11% salary increase in the initial two years and improvements in union representation, signifying strong commitment to worker rights.
+80

Labor Relations and Human Rights Practices

March 21

The renewed collective labor agreement demonstrates Ferrari's commitment to enhancing labor relations through substantial salary increases and better union representation. This positive move supports worker rights and reinforces ethical business practices, contributing to a resistance against exploitative conditions and, by extension, authoritarian economic practices.

Ferrari renews the company-specific collective Labor Agreement (CCSL) for 2023-2026
FEB

25

2021

Ferrari N.V. Human Rights Practice Adoption
56.15

Ferrari N.V. has adopted a comprehensive Human Rights Practice document which outlines its commitment to respecting, safeguarding, and promoting human rights across its operations and supply chain. The document emphasizes the rejection of forced, compulsory and child labor, ensuring fair labor practices, and implementing due diligence in the supply chain, aligning with anti-fascist values.
+90

Labor Relations and Human Rights Practices

March 21

Ferrari N.V.'s Human Rights Practice document demonstrates a strong commitment to labor rights and ethical human rights practices. The document clearly rejects forced, compulsory, and child labor, and promotes a safe, inclusive, and fair working environment. This proactive stance considerably supports anti-fascist values by ensuring workers are treated with dignity and respect.

FERRARI N.V. HUMAN RIGHTS PRACTICE
+80

Supply Chain Ethics

March 21

The document provides clear guidelines for ethical supply chain management, including due diligence processes to prevent the use of conflict minerals and ensure that third-party suppliers adhere to human rights standards. These measures illustrate Ferrari's commitment to supply chain ethics, reinforcing the company's reputation for corporate responsibility.

FERRARI N.V. HUMAN RIGHTS PRACTICE