Ferrari has obtained the Equal Salary certification, which demonstrates equal pay between men and women in the same roles and with the same qualifications.
Men and women working at Ferrari are paid equally for the same roles. The Maranello-based manufacturer has obtained the prestigious Equal Salary certification, which certifies equal pay between the sexes, making it the first Italian company to reach this important milestone.
The Prancing Horse earned the certification issued by the Swiss foundation Equal Salary at the conclusion of an eight-year study conducted by audit firm Pwc following a methodology recognised by the European Commission, which involves a detailed statistical analysis of pay levels, a study of human resources management and development policies, and the involvement of employees, who were asked to express their views on the quality of working life at the company through surveys.
Eliminating the gender pay gap represents an important milestone in Ferrari's journey towards "an inclusive working environment that respects differences while supporting the professional development of each individual", as stated in the carmaker's press release.
Between 2016 and 2019 in particular, the number of female employees rose from 11.5 per cent to over 14 per cent of the total 4,285 workers, and they progressively took on greater responsibilities.
"Equal pay and equal opportunity is not just a matter of fairness. It is a fundamental pillar for attracting, retaining and developing the best talent, and thus for fostering innovation and our long-term growth," said Louis Camilleri, chief executive officer of Ferrari S.p.A.
The news came just a few hours before the first free practice session of the Austrian Grand Prix, the first Formula 1 race of 2020 following the interruption caused by the Covid-19 pandemic. The hope is that Ferrari, clearly committed to the issue of social sustainability, will also contribute on the environmental front — both by pursuing its strategies to reduce pollution (a shame only that the long-awaited electric model will not be arriving any time soon) and by lending its valuable contribution towards achieving the zero-emissions target set for 2030 by the world's most important motorsport championship.
