Ferrero unveils new climate goals in the new Sustainability Report

The group also aims a reduction target on emissions from company‘s owned operations in line with the goal to limit global warming to 1.5°C. Ferrero has published its 11^th Sustainability Report as the latest development in its commitment to “Care for the Better”.

In order to achieve the first target, Ferrero has developed a set roadmap to reduce emissions from plants, warehouses and main offices. For the second target, which involves also Scope 3 emissions, the company will work together with its suppliers to reduce emissions, while rethinking solutions and developing new products. According to the report, Ferrero is continuing to tackle sustainability issues that are most pertinent to the Group. Below are a selection of highlights, all aligned to the four new key pillars of the company’s sustainability strategy: protect the environment, source ingredients sustainably, promote responsible consumption and empower people.

In 2019, Ferrero announced a commitment to make its packaging 100% reusable, recyclable or compostable by 2025. As part of this announcement, Ferrero signed up to the Ellen MacArthur Foundation’s New Plastics Economy Global Commitment, reflecting its ambition to play an active role in eliminating problematic and unnecessary plastic packaging through redesign and innovation.

In January 2015, Ferrero reached its target to source 100% RSPO certified and segregated palm oil, and has continued to do so since. Last year, the company was ranked the most sustainable in the industry by WWF in its Palm Oil Buyers Scorecard.

The report also highlights the progress of the Ferrero Farming Value (FFV) programmes, launched in 2013 to achieve the company’s ambition of developing a sustainable supply chain for each of its main raw materials. In 2019, the FFV hazelnut teams have visited over 21,000 farmers helping them increasing their yields by over 40%. The FFV cocoa programme addresses the main issues in the cocoa supply chain along three pillars: improving the livelihoods of farmers and communities; protecting children’s rights; and safeguarding the natural capital. In 2019 Ferrero has supported over 100,000 farmers, besides having renovated or constructed around 50 schools, and provided over 13,000 children with education materials.

“As we approach the end of 2020, we are defining a new strategy and commitments to ensure we tackle the sustainability risks and opportunities that are most pertinent to our growing business,” said Giovanni Ferrero, Executive Chairman of the Ferrero Group. “In our new report, we provide a first glimpse of our new strategic sustainability priorities, including our new climate goal towards 2030. I look forward to communicating further developments and progress against the new strategy as we enter an exciting new period of our company history.”