Ferrari N.V. — Ethics Grade C-

Ferrari N.V. receives an overall ethics grade of C- (48/100) on CancelCo's corporate accountability database. Sector: Automotive. Market cap: Large Cap.

Category scores

• labor: 60
• privacy: 35
• consumer: 55
• environment: 40
• humanRights: 50

Documented incidents (3)

• Cybersecurity Breach Exposure (medium, 2023) — The company admitted to a cyberattack where threat actors accessed limited customer records, including names, addresses, and email addresses. Threat actors attempted to ransom the data, highlighting vulnerabilities in high-end consumer data protection.
• Fuel Efficiency Regulatory Lag (medium, 2022) — Ferrari has historically faced challenges meeting EU fleet average CO2 emission targets, resulting in significant regulatory fines compared to manufacturers of mass-market electric vehicles. Their transition to electrification lags behind luxury competitors.
• Supply Chain Transparency Issues (high, 2021) — Advocacy groups have questioned the sourcing of rare minerals and leather used in luxury interiors, citing a lack of public disclosure regarding human rights and environmental audits in tier-2 and tier-3 raw material suppliers.

Documented good deeds

• E-Building Inauguration — Ferrari launched a carbon-neutral factory dedicated to electric and hybrid vehicle production to accelerate their 2030 carbon neutrality goal.

Ethical alternatives

• Polestar Automotive — Native electric vehicle manufacturer with industry-leading lifecycle assessment transparency.