2018 SUSTAINABILITY REPORT Highlights
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FERRARI N.V. Sustainability Report 2018 Ferrari N.V. Official Seat: Amsterdam, The Netherlands Dutch Trade Registration Number: 64060977 Administrative Offices: Via Abetone Inferiore 4 I-41053, Maranello (MO) Italy FERRARI N.V. 2018 SUSTAINABILITY REPORT Highlights +14% +45% total training employees hours (vs. 2017) (vs. 2017) 2 Sustainability Report 2018 – e 11% ˜1.2 bn CO2 emissions expensed R&D ( estimated reduction in 2018 and CAPEX vs. 2014 on the EU fleet) Sustainability Report 2018 3 FERRARI N.V. Table of Contents Letter from the Chairman and the Chief Executive Officer 6 Our Journey to Sustainability 9 Ferrari Group 10 About Ferrari 10 Our DNA 13 Our Values 13 Our Strategy 14 Our Business 16 Sports and GT Range, Special Series and Icona: Ferrari Line-Up Strategic Pillars 16 Limited Edition Hypercars, Fuori Serie and One-Offs 19 Track Cars 19 Personalization Offer 21 Formula 1 Activities 22 Brand Activities 25 Intellectual Property 26 Materiality Matrix and Stakeholder Engagement 28 Materiality Matrix of Ferrari Group 28 Stakeholder Engagement 32 Our Governance 36 Our Governance and Sustainability Committee 37 Integrity of Business Conduct 38 Anti-Bribery and Corruption 38 Whistleblowing 38 Compliance 39 Sustainability Risks 40 4 Sustainability Report 2018 | Table of Contents Product Responsibility 42 Research, Innovation and Technology 42 Client Relations 51 Vehicle Safety 58 Responsible Supply Chain 60 Conflict Minerals 61 Production Process 62 Our People 65 Working Environment 65 Training and Talent Development 68 Talent Recruitment and Employee Retention 70 Occupational Health and Safety 72 Our Employees in Numbers 74 Our Environmental Responsibility 78 Plants and Circuits 80 Vehicles Environmental Impact 86 Economic Value Generated and Distributed 94 Ferrari Contributes towards the Community 96 Ferrari & Education 96 Ferrari Museum Maranello & Museo Enzo Ferrari (MEF) 97 Scuderia Ferrari Club 98 Ferrari Driver Academy 99 Methodology and Scope 100 Forward-Looking Statements 102 GRI Content Index 104 Independent Auditor’s Report 114 Sustainability Report 2018 5 FERRARI N.V. Letter from the Chairman and the Chief Executive Officer Dear Shareholders, We would like to begin this letter by we also further enhanced it with the Icona concept remembering with great affection and gratitude the of which the Ferrari Monza SP1and SP2 are the late Sergio Marchionne whose passing had such forerunners. This completely unprecedented limited an undeniable impact on 2018. We are extremely edition concept offers a modern reinterpretation proud of the way Ferrari’s men and women reacted of a timeless style and marries it with leading-edge to that tragic loss, not only ensuring a sense of technologies and blistering performance. Last continuity but also achieving all of the goals we year, we also launched the 488 Pista and the 488 had set ourselves for the financial year. Pista Spider, which hailed a further leap forward in dynamic performance from the previous 8-cylinder It was with a sense of great pride and special series. responsibility that we accepted the roles of Chairman and Chief Executive Officer, respectively, Ferrari’s solid financial results in 2018 either and in doing so, committed ourselves to guiding matched or exceeded our targets and were the best Ferrari into the future whilst staying true to the possible response to future challenges. In the course principles laid down for us by our founder. of 2018, we delivered 9,251 cars, a jump of over 10% on the previous year’s figure with increases across all We spoke about that future on Capital Markets our regions. This too provides further confirmation of Day, which proved an invaluable opportunity to the global power of the brand. meet and dialogue with the financial community. We also presented our plans for the Company up to One of the keys to our success is the enduring 2022 which centre around an exhilarating schedule bond with our clients which we nurture through of launches spanning innovative hybrid models that a series of initiatives inspired by passion and the are the product of appropriate investment. sheer joy of driving our cars. Examples include the Our range is already more complete than it has ever Ferrari Cavalcade and Cavalcade Classiche, the been. But in addition to its three classic pillars latter already eagerly-anticipated despite only being - Sports cars, Grand Tourers and Special Series - on its second outing. 6 Sustainability Report 2018 | Letter from the Chairman and the Chief Executive Officer On the motorsport front, the Scuderia Ferrari In 2018, the Group’s commitment to sustainability proved highly competitive in 2018, delivering our progressed hand-in-glove with our economic and most successful F1 season of the last decade which, financial growth. Aside from an intensive R&D unfortunately, was still not quite enough for us to focus on hybridising the range, we also worked on take the final, much coveted step. improving the energy efficiency of the Ferrari complex and invested in that most fundamental of resources, Staying with racing, the GT categories almost all our human capital, by boosting training hours by lived up to expectations, while in terms of our Corse over 45%. Clienti activities, the Ferrari Challenge attracted an even larger field of drivers. F1 Clienti too had another As with all of our activities, our responsibility is very positive year and the XX Programmes received a to look beyond the short term and guide the Ferrari boost in the form of the FXX-K EVO. of tomorrow towards achieving even more ambitious goals. As far as we are concerned there is no better In terms of our brand diversification activities, way of honouring both our history and you, our we put the emphasis on loyalty to our unique shareholders, for the faith you have shown in us on heritage through meticulously selecting licencing and our shared journey. partnership opportunities, eliminating those that did not reflect the brand’s values. We need to retain the Scuderia Ferrari-branded products demanded by our tifosi but also to simultaneously develop the range of the high quality creations so greatly appreciated by our clients. February 26, 2019 John Elkann Louis Carey Camilleri Chairman Chief Executive Officer Sustainability Report 2018 7 Chairman and Our Journey Ferrari Materiality and Sustainability Product Business Governance CEO Letter to Sustainability Group Stakeholder Engagement Risks Responsibility Environmental Economic Methodology Forward-Looking GRI Independent People Community Responsibility Value and Scope Statements Content Index Auditor’s Report | Our Journey to Sustainability Our Journey to Sustainability Ferrari has always put people and their passion Our clients benefit directly from the improved at the center of all its processes and involvement in workplace environment, boosted process efficiency motorsport, starting with our employees and their and technological innovations. families then extending outward to our clients and the community as a whole. When clients purchase one of our cars, they are invited to experience the exhilaration of driving In the 1990s, we embarked on the Formula Uomo as part of a community by participating in a rich programme which has changed the whole look and calendar of events that will also enhance their loyalty fabric of the factory complex. Ferrari’s production to the brand. The results have been impressive: in facilities are designed and built around the workers’ 2018, more than 65% of our new cars were sold to well-being, thanks also to the advanced technologies Ferrari owners, while 41% of clients own more than for functional and ergonomic working, and to the one Ferrari. highest eco standards of the buildings up to the new net zero energy protocols. This is how Ferrari has become part of both society and its heritage, working to reduce its By deliberately fostering a culture of safety, environmental impact in a sphere that stretches out leading-edge technologies and sustainability, Formula from Maranello to over 60 different export markets. Uomo has created a workplace that allows the talents Our sustainability takes concrete form, for instance, of all of our employees to be expressed in our cars of in a trigeneration plant which met 87% of the excellence. energy requirements of the Maranello plant in 2018, while the remainder was generated from renewable In 2018, Ferrari provided over 51,500 hours of sources like our photovoltaic system. We also follow employee training. Such training ultimately becomes a a waste reduction policy in line with the circular source of huge innovation. In fact, we consider it the economy concept. Most of all, we are working on most strategic of our investments. Our commitment the development of hybrid powertrains, which will be has been fully reciprocated by our employees who, in mounted on an increasingly larger portion of our car 2018 alone, submitted 9,200 suggestions as to how models, to cut our cars’ emissions by 15% between products and processes could be improved. 2014 and 2020. Employees’ families too are included in a vast Ferrari aims to use this Sustainability Report to program of services and opportunities, not least the continue on a path that in reality, it has been treading free medical check-ups delivered last year as part of since its foundation, from a time when economic Formula Benessere (Formula Well-Being). We also growth began keeping pace with social and local area have various agreements and subsidies in place to development. Today, as then,