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Ferrero Group's 2024 Sustainability Report

The Ferrero Group has taken a significant step forward in its sustainability journey with the release of its 16th Sustainability Report. This latest report emphasizes the company’s persistent commitment to making a positive impact throughout its entirety of operations, especially amidst ongoing global challenges such as climate change.

Giovanni Ferrero, Executive Chairman of the Ferrero Group, stated, "Sustainability is deeply embedded in Ferrero's long-term strategy. It is a fundamental driver of resilience and influences our decision-making as we pursue responsible growth. Our unyielding commitment focuses on responsible sourcing, innovative practices, and environmental stewardship to ensure the planet remains intact for future generations."

Key Highlights of the Report

The report underscores significant progress in the company's sustainability agenda over the fiscal year 2023/2024. Lapo Civiletti, Chief Executive Officer of the Ferrero Group, echoed this sentiment, noting the successful advancement of sustainability objectives while maintaining robust financial management across the organization. "We are enhancing our efforts in traceability of essential ingredients and improving visibility in our supply chain, alongside promoting human rights and tackling decarbonization initiatives throughout our business processes," said Civiletti.

The report brings to light several notable advancements in tracing supply chain origins. Currently, over 90% of key ingredients have been mapped, supported by strategic alliances with organizations like Sourcemap and Starling. This has resulted in an impressive 97% traceability for cocoa and palm oil, and 94% for hazelnuts.

Progress in Emissions Reduction

In alignment with its 2030 objective to halve greenhouse gas emissions, Ferrero has made substantial strides, particularly in reducing Scope 1 and 2 emissions by approximately 21.7% since the 2017/18 baseline. Additionally, 90% of electricity used in manufacturing and warehousing is now sourced from renewable energy, effectively aligning with their sustainability goals.

Furthermore, with 92.1% of packaging designed to be recyclable, Ferrero continues its commitment to ensuring that over 90% of their packaging materials fall under the categories of reusable, recyclable, or compostable. The transition from polystyrene to polypropylene for Ferrero Rocher boxes in regions such as North America and China has significantly saved around 11,000 tons of plastic, showcasing a progressive shift towards sustainable packaging methods.

Inclusivity and Community Engagement

The report also highlights Ferrero's engagement in empowering communities, particularly in sourcing countries through enduring partnerships with various organizations, including the International Labour Organization (ILO) and Save the Children. Through its "Kinder Joy of Moving" initiative, they have managed to impact the lives of 3.7 million children across 35 countries, with an investment exceeding €13 million. This initiative promotes inclusion, equity, and access to rights through sports and physical activity, particularly targeting children, adolescents, and women in the Americas.

In conclusion, Ferrero's latest Sustainability Report stands as a testament to its ongoing commitment to sustainability and innovation, showcasing enriched efforts across multiple verticals while still ensuring financial vigilance. As the world continues to grapple with environmental challenges, Ferrero remains resolved in fostering a sustainable future for generations to come.

For comprehensive insights and additional details, interested readers can refer to the full Sustainability Report available on the Ferrero Group's official website.