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Home CEOforLIFE AWARDS GLOBAL

Ferrero raises its sustainability targets

The Group's 13th report highlights the direction pursued.

18 July 2022
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The Ferrero Group is making progress toward their sustainability objectives. The group’s 13th Sustainability Report highlighted the measures taken toward the environmental and social goals throughout 2021, divided into four primary areas: environmental preservation, sustainable supply of ingredients, promotion of conscious consumption, and people engagement.

Among the initial targets, the transition to sustainable energy and progress on sustainable component supply stand out the most. Last but not least, packaging change is part of the goal.

The Sustainability Report follows the publishing of the group’s inaugural HR Report, which addresses critical HR issues throughout the chain.

‘The epidemic has caused worldwide social and economic inconsistencies that differ by nation,’ said Giovanni Ferrero, executive president of the organisation. However, as a label, we were able to demonstrate resilience and strong success as we continue to expand, both through new assets and sustainable growth.’

The key evidence in the 2021 Sustainability Report concerns the goal of making packaging totally recyclable by 2025: the band is on a good route,’ even though the goal is to attain an 83 per cent quotation in the final year.

The organisation has also set new packaging targets, including lowering the use of virgin plastic by 10% and increasing the use of recycled materials in plastic packaging by up to 12% by 2025.

The supply of renewable energy is rapidly changing: 84 per cent of the electric energy used for industrial output worldwide currently originates from approved sources, and 16 of the group’s factories are already powered by 100% renewable electric energy.

Additionally, the organisation has met its target of delivering 100% of the brown sugar certified by Bonsucro, which has declared traceability, even to a single agricultural label, for more than 95% of the total cocoa bought. In this area, the firm has established training courses for over 134 thousand farmers in Côte d’Avoire and Ghana, with the purpose of promoting sustainable agricultural practices in important cocoa plantation zones by collaborating with farmers.

‘As you have seen from this report, we have achieved significant progress in our sustainability approach toward the predetermined targets,’ says Lapo Civilietti, CEO of Ferrero. We have boosted our energy efficiency and reaffirmed a capital investment programme targeted at decreasing our carbon footprint, in addition to achieving improvements in our packaging, in line with our sustainability roadmap to 2025.’

‘In terms of manufacturing chains in charge of raw material supply,’ Civiletti concludes, ‘we have issued or revised the Ferrero cocoa charter, the Ferrero palm oil charter, and the Ferrero hazelnut charter, with the goal of creating shared value in every area.’

 

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Source: EFA News - European Food Agency
Tags: homeSDGs11SDGs12SDGs13SDGs15
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