Submitted by Ferrero Group
LUXEMBOURG, October 21, 2020 /3BL Media/ - 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.
With the climate emergency requiring businesses to step up their commitments, Ferrero has set itself two targets to reduce its carbon footprint. By 2030, the company aims to halve all emissions from its owned operations (Scope 1 and 2), 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.
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, all aligned to the four new key pillars of the company’s sustainability strategy: protect the environment, source ingredients sustainably, promote responsible consumption and empower people:
Giovanni Ferrero, Executive Chairman of the Ferrero Group: “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 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.”
Lapo Civiletti, Chief Executive Officer 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.”
Ferrero began its story in the little town of Alba in Piedmont, Italy, in 1946. Today, with a consolidated turnover of over 11.4 billion euros, Ferrero is amongst the market leaders of the Sweet Packaged Foods market worldwide.
The Ferrero Group is present throughout the world with more than 41,000 people and 31 production plants. Ferrero is the producer of many brand icons that are loved generation after generation, including Nutella, Ferrero Rocher, Tic Tac, Kinder and Raffaello, which are present and sold in more than 170 countries.
Product freshness and high quality, the careful selection of the finest raw materials, sustainable agricultural practices and continuous research and innovation are some of the key elements of Ferrero’s success.
Global Ferrero press contact
Ferrero began its story in the little town of Alba in Piedmont, Italy, in 1946. Today, with a consolidated turnover of over 10 billion euros, Ferrero is amongst the market leaders of the confectionery sector and the third worldwide Group in the chocolate confectionery market. The Ferrero Group is present with more than 41,000 people across 53 countries; it has 22 production plants around the world, of which 3 are part of the Michele Ferrero Entrepreneurial Project in Africa and Asia. In addition, at the beginning of 2015, the Group set up the Ferrero Hazelnut Company (HCo) that includes 6 agricultural companies and 8 manufacturing plants. Nutella, Ferrero Rocher, Raffaello, Tic Tac and the Kinder line (Kinder Surprise, Kinder Joy, Kinder Bueno, Kinder Chocolate, Kinder Milk Slice, Kinder Pingui, Kinder Delice) are some of Ferrero’s most well-known and appreciated products all around the world. In fact, Ferrero products are present and sold in more than 170 countries; they have become part of the collective memory and customs of many countries, where they are truly loved generation after generation and often considered as cultural icons. Furthermore, Ferrero has social responsibility in its DNA. Product freshness and high quality, careful selection of the finest raw materials, sustainable agricultural practices and continuous research and innovation are some of the key elements of Ferrero’s success. Moreover, Ferrero continues to invest in local communities thanks to the Ferrero Foundation, the Michele Ferrero Entrepreneurial Project and the Kinder+Sport programme.
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