The Ferrero Group, published its 11th Sustainability Report in its latest commitments to “Care for the Better” outlining new goals to reduce carbon footprint by 2030 and an overview of the company’s sustainability targets and progress.
The report is extensive. Here we summarise without analysis, and we will release our analysis in another article.
Ferrero has set itself 2 goals to reduce its carbon footprint:
- By 2030 to reduce end-to-end greenhouse gas emissions by 43% per tonne of product, compared to 2018
- Reduction target on emissions from company’s owned operations in line with goal to limit global warming to 1.5 degrees Celsius
In order to achieve its goals, Ferrero has developed a set roadmap to reduce emissions from plants, warehouses and main offices. The company will also work together with its suppliers to reduce emissions, while rethinking solutions and developing new products.
In addition, the report shows the company’s sustainability targets and progress highlighting the company’s sustainability strategy of protecting the environment, source ingredients sustainably, promote responsible consumption and empowering people.
Reports includes;
- 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.
- 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 to increase 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.
- In 2019, 81% of the cocoa beans Ferrero sourced were certified sustainable, and the company is on track to achieve 100% segregated and traceable cocoa beans by the end of 2020. 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.
Giovanni Ferrero, Executive Chairman of the Ferrero Group said,
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. 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.