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Ferrero Group's Sustainability Journey: 2024 Insights

The Ferrero Group has recently unveiled its 16th Sustainability Report, which documents significant progress in its sustainability initiatives in light of ongoing global challenges. The report emphasizes the company’s unwavering commitment to making a positive impact across its entire value chain, thereby addressing critical sustainability issues including climate change and resource management.

Long-Term Commitment to Sustainability

Giovanni Ferrero, the Executive Chairman of Ferrero Group, firmly stated that sustainability is fundamentally woven into the organization's long-term strategy. This strategic integration ensures that the company remains resilient and able to adapt while growing responsibly. He emphasized the importance of collective action, research, and innovation in facilitating measurable impacts. “Our progress is a reflection of our continuous commitment to source responsibly and innovate boldly, safeguarding the planet for future generations,” he stated.

Progress and Initiatives

The 2024 report highlights solid advancements towards achieving ambitious sustainability targets, particularly in reducing greenhouse gas emissions. As part of the company's extensive agenda, Ferrero has committed to halving its greenhouse gas emissions by 2030. Comparing data from the fiscal year 2017/2018 to the current year, scope 1 and scope 2 emissions have decreased by a remarkable 21.7%. Furthermore, 90% of electricity utilized in manufacturing and warehousing is now derived from renewable sources, reflecting a significant shift towards sustainable energy practices.

On another note, the report reveals that over 90% of Ferrero's packaging is now designed to be recyclable, with a specific focus on minimizing virgin plastic usage. A notable change includes the transition of Ferrero Rocher boxes from polystyrene to polypropylene, which has led to an estimated plastic saving of approximately 11,000 tonnes.

Traceability and Ingredient Sourcing

Key to Ferrero's sustainability efforts is traceability in its supply chains. An impressive 90% of crucial ingredients is now mapped to their origins, facilitated by strategic partnerships with organizations like Sourcemap and Starling. The results are impressive: 97% traceability for cocoa and palm oil, and 94% for hazelnuts. This transparency in sourcing not only enhances the company’s sustainability credentials but also reinforces ethical sourcing practices.

Commitment to Food Safety and Quality

Ferrero's dedication to food safety is demonstrated through its commitment to maintaining certifications across all manufacturing sites against the Global Food Safety Initiative standard. This assurance of quality accompanies efforts to promote responsible consumption, allowing 85% of marketed Volumes to maintain a serving size of 130 kcal or less — with 91% of products staying below 150 kcal per serving.

Empowering Communities and Social Impact

In addition to environmental goals, Ferrero has fostered meaningful relationships with communities in sourcing countries, collaborating with organizations like the International Labour Organization (ILO) and Save the Children. A highlight from recent initiatives includes the ‘Kinder Joy of Moving’ program, which has positively impacted over 3.7 million children across 35 countries with investments surpassing EUR13 million. As part of its social responsibility agenda, Ferrero now partners with the Organization of American States (OAS) to promote access to rights through sports activities, focusing on benefits for children and women in the Americas.

Conclusion

The Ferrero Group's recent Sustainability Report not only reflects its commitment to environmental stewardship but also showcases the innovative approaches adopted to meet social responsibilities. With established practices that support sustainability, transparency, and community engagement, Ferrero is positioned to lead in corporate responsibility and create lasting positive impacts on future generations. The full report is available for further insights into Ferrero's sustainability journey.