Ferrari has always put people and their passion at the centre of all its processes and involvement in motorsport, starting with our employees and their families then extending outward to our clients and the community as a whole.
Alongside the intense research and development activities of the company, this dedication to the well-being of its people, the working environment and the community allows Ferrari to create cars with superlative qualities for its customers.
The key advances and results in these crucial areas are presented in the 2020 Sustainability Report.
The sustainability strategy is designed around the five pillars outlined below and cut across every area of the Group as well as its product and processes interventions and innovations.
Drive technological innovation while pursuing excellence in design and craftsmanship to fuel the passion of our customers and fans
Innovation is part of Ferrari's DNA and steers its every product and process.
Our greatest source of innovation is our employees. Through programmes such as Pole Position, we encourage them to think creatively and to communicate their ideas and solutions with regard to improving our products, methods and working environment.
Another inexhaustible source of inspiration is the Scuderia Ferrari’s involvement in the Formula 1 World Championship.
Ferrari also supports and promotes innovation outside the Company, through partnerships and synergies with other bodies and entities, including universities and research centres.
Innovating for Ferrari also means striving for the highest level of customers satisfaction. A structured process leverages specific indices to assess the opinion of customers concerning products, services, events and the global Ferrari ownership experience.
Proactively fostering best practice governance
Maintain Ferrari’s corporate governance and risk management systems aligned with best practices to ensure an ethical business conduct while providing superior and sustainable returns to our shareholders
Ferrari is committed to creating a culture of sustainability to address the complex scenario the global automotive industry is now facing. This culture demands efficient corporate governance and risk management, a proactive decision-making process and openness to change, all extending not just to our Company processes as a whole but through our entire supply chain. Commercial partners, suppliers and dealers are encouraged to adopt and share sustainable practices.
Being the employer of choice
Provide an inclusive, educational and inspiring work environment to unleash everyone’s passion, creativity and talent
In Ferrari, the pursuit of excellence in its products goes hand-in-glove with the pursuit of a quality working life, the wellbeing and the professional development of our employees. In recent years, this has been the fulcrum of a growing number of specific, carefully crafted programmes, targeting for example skills development.
Our efforts in that regard have been rewarded by the Equal Salary Foundation, which last July certified that Ferrari offers equal pay to men and women alike holding the same qualifications and positions. We are the first Italian Company to be awarded this certification at the end of an analysis conducted using European Commission-recognized methodologies.
Another area of Ferrari excellence is its wellbeing and welfare programme for employees and their families. This spans a series of services and opportunities ranging from study grants to recreational activities and free medical visits as part of “Formula Benessere”.
There has also been a huge investment in safety at work, through the actual structures and specific training, which has achieved significant results in all departments of the Company.
During the COVID-19 pandemic to facilitate the safest and most worry-free possible working life, we introduced the program Back on Track. This program has been developed in partnership with a pool of virologists and experts, with the patronage of the Emilia-Romagna Region.
Reducing environmental footprint
Increase our environmental awareness to continuously set and implement related programs and actions
Ferrari is committed to improving the efficiency of its production process and reducing the emissions of its production plants and vehicles. Over the years, the Group has strived to lower its energy consumption and to minimize its environmental impact, adopting innovative solutions and using renewable energy sources for its manufacturing facilities. This was as a result, among others, of meticulous management of energy requirements: 81% of the latter were also covered by the trigeneration system in Maranello, while almost 99% of the remaining energy shortfall was purchased from certified renewable sources.
Our commitment to reducing our environmental impact is nothing new, however, and has already produced impressive results. In 2020 the Group achieved its objective of reducing the CO2 emissions of its European fleet by 35% estimated compared to 2007 levels. Another no less ambitious goal now lies before us: to become a carbon neutral company through a series of actions aimed at reducing our GHG emissions produced and, when unavoidable, offsetting the residual ones.
This will be a further and decisive step forward in our transition to sustainability and starts with a study to measure our carbon footprint.
Creating and Sharing value within the community
Encourage strategic partnerships and the creation of positive externalities for all stakeholders
Ferrari is a global Group with deep roots in the Motor Valley community and its first goal is to promote activities designed to fuel education. Its longstanding relationship with the local area extends to schools, which it supports and with which it shares work commencement and orienteering projects. Ferrari is also involved with the MUNER (Motorvehicle University of Emilia-Romagna) Project which pools the knowledge of the various universities of Emilia-Romagna and the know-how of Motor Valley’s leading companies. Ferrari also developed a network of relationships with prestigious universities whose students are given the opportunity to collaborate with the Company on degree theses, doctoral dissertations and research projects. Ferrari’s relationship with the local area is also further strengthened by the two Ferrari Museums, a driver for the tourist industry in the entire area.
In response to the healthcare crisis caused by the COVID-19 pandemic, Ferrari produced respirator valves and fittings for protective masks and projected a pulmonary ventilator with the Italian Institute of Technology. The Company also funded various initiatives to help those in need during the emergency, with the first activities concentrating on Ferrari’s local communities in the province of Modena.
Ferrari is using these five pillars to pursue its development in a manner open to innovation and the sharing of ideas and projects to help both its employees and technology growing and flourish. In other words, development in which sustainability plays an essential role in mapping out the Company’s future but also that of the car sector as a whole.
Code of Conduct and Practices
Sustainability Policy ISO 20121