FERRERO AWARDED BONSUCRO’S INAUGURAL LEADERSHIP AWARD 2014
Sydney, Australia: The Ferrero Group, a strong sustainability advocate, has announced that it is the first Bonsucro member to be awarded the Bonsucro Leadership Award. The Award is for demonstrating leadership, innovation and for inspiring and encouraging Bonsucro members to further increase their involvement in Bonsucro.
Of Ferrero’s total sugar volume in 2013, 25 per cent was sourced from refined cane sugar. Working closely with its supply chain partners, 10 per cent of the Ferrero Group’s sugar cane will have been sustainably sourced by the end of 2014. It is planned to increase this to 40 per cent by 2016, 70 per cent by 2018 to reach the company’s goal of 100 per cent by 2020.
Ferrero was the first company to involve its supply chain and purchase Bonsucro Certified Sugar for the physical shipment of sugar from Brazil to the EU and Canada.
The Ferrero Group also successfully purchased 5,000 Bonsucro credits in Australia, which represented the first step to reach the 10 per cent milestone. The revenue gained from the sale of the Bonsucro sustainability credits enables farming communities to invest in improving their agricultural practices, such as water saving techniques and pest management.
“Sustainability is a key priority for us globally. We are proud that during the period of 2013-14 we were recognised as demonstrating leadership and by being the first company to involve its supply chain in the physical shipment of Bonsucro Certified Sugar on a global scale.” stated a Ferrero spokesperson.
We will continue on the successful path we are on with Bonsucro, and we are proud to be recognised with this industry achievement.”
The award was announced at Bonsucro’s Annual Conference in Manila, Philippines on 13 November 2014.
Bonsucro is a global non-profit multi-stakeholder organisation with a vision of a sugarcane sector that is continuously improving and verified as sustainable – economically, environmentally and socially through the application of its leading metric-based certification scheme.