Ferrero publishes its 12th Sustainability Report
The Ferrero Group (“Ferrero”), a global leader in the sweet packaged foods market, has today published its 12th Sustainability Report updating on its progress towards its sustainability goals.
Despite the challenges presented by the global pandemic, Ferrero adapted successfully, putting the health and safety of its employees and consumers at the forefront of its efforts. A critical focus has been to protect workers and farmers in its agricultural supply chains, especially in less developed markets. Amongst many other initiatives, Ferrero has extensively distributed information on preventative measures to stop the virus from spreading and provided access to protective and hygiene equipment.
Highlights from the 2020 sustainability report
Ferrero has continued to work towards its 2020 Group sustainability goals, aligned to its four key pillars: protect the environment, source ingredients sustainably, promote responsible consumption and empower people. It has also begun to define new commitments and targets that will drive further progress across the period leading up to 2030.
One of its new ambitious targets is to continue to significantly reduce the Group’s carbon footprint by 2030. These are science-based carbon targets, validated by the Science Based Targets initiative (SBTi) in December 2020, with the following commitments:
• Ferrero will reduce absolute Scope 1 and 2 emissions by 50% globally by 2030, using 2018 as the base year.
• Ferrero will also reduce Scope 1, 2 and 3 emissions intensity by 43% per tonne of product produced at a global level, using 2018 as the base year.
The following are a selection of highlights from across Ferrero’s four key pillars:
• Ferrero reached and closed out a number of its 2020 targets having made substantial progress, for instance it has achieved its goal of sourcing 100% sustainable cocoa beans through independently managed schemes and 100% certified cane sugar through Bonsucro and Altromercato.
• Renewable energy is critical to Ferrero’s efforts to achieving its carbon reduction goals and it purchased 100% green electricity for its manufacturing plants in Europe in Fiscal Year 2019/2020, and 71.5% of the electricity purchased globally was from renewable sources.
• In 2019, Ferrero announced a commitment to make 100% of its packaging to be reusable, recyclable or compostable by 2025, as part of its support for the circular economy. As of 2020, we have achieved 82.9% and we continue with our strong commitment to fulfilling this journey,
• Ferrero has continued to build on its efforts over the past decade to enhance its human rights approach. This has been delivered through collaboration with leading experts to identify human rights risks and build out its due diligence approach, as well as entering partnerships to scale positive impact, such as with Save the Children.