FERRERO UNVEILS NEW CLIMATE GOALS IN 11TH SUSTAINABILITY REPORT
The Ferrero Group, a global leader in the Sweet Packaged Foods market, today has published its 11th Sustainability Report as the latest development in its commitment to “Care for the Better”. In the report, Ferrero outlines new ambitious goals to reduce its carbon footprint by 2030 and provides an overview of the company’s sustainability targets and progress.
“As we approach the end of 2020, we are defining a new strategy and commitments to ensure we the sustainability risks and opportunities that are most pertinent to our growing business. 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,” says
Giovanni Ferrero, Executive Chairman of the Ferrero Group.
“Ferrero has always been committed to creating a business that aims to have a positive impact on employees, consumers, families and the local communities in which we operate. We will continue to work hard to deliver on our sustainability commitments and improve the way we do things. Close collaboration with our suppliers and strategic partners is key for us on this journey, ” says Lapo Civiletti, Chief Executive Officer of the Ferrero Group.
With the climate emergency requiring businesses to step up their commitments , Ferrero has set itself two new climate targets to reduce its carbon footprint
- Ferrero aims to halve all emissions from its owned operations (Scope 1 and 2) by 2030, which is consistent with the Paris Agreement goal to limit global warming to 1.5 degrees Celsius.
- Across all scopes, Ferrero commits to reducing emissions by 43% for each tonne of product produced.
Both targets use 2018 as a base year.
Ferrero’s steps on reducing emissions
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.
Further highlights from Ferrero’s 11th Sustainability Report
Ferrero is continuing to tackle sustainability issues that are most pertinent to the Group. Below are a selection of highlights aligned to the four new key pillars of the company’s sustainability strategy:
- In 2019, Ferrero announced its commitment to making its packaging 100% reusable, recyclable or compostable by 2025. As part of this announcement, Ferrero signed up to the.
- 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
- 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%. In 2019, as part of its FFV cocoa programme, Ferrero has supported over 100,000 farmers, renovated or constructed around 50 schools, and provided over 13,000 children with education materials.
- In 2019, 81% of the cocoa beans Ferrero sourced were certified cocoa. The company is on track to achieve 100% segregated and traceable cocoa beans. This will enable Ferrero to have full visibility of its supply chain and to address issues in a targeted way. Moving forward, Ferrero is working to strengthen its cocoa sustainability strategy. Activities include scaling up programmes on the ground with suppliers and NGO partners as well as implementing Child Labour Monitoring and Remediation Systems in the entire cocoa supply chain.