Submitted by Ferrero Group
LUXEMBOURG, July 20, 2021 /CSRwire/ - The Ferrero Group (“Ferrero”), a global leader in the sweet packaged foods market, has today published its 12th Sustainability Report updating on its progress towards its sustainability goals.
Despite the challenges presented by the global pandemic, Ferrero adapted successfully, putting the health and safety of its employees and consumers at the forefront of its efforts. A critical focus has been to protect workers and farmers in its agricultural supply chains, especially in less developed markets. Amongst many other initiatives, Ferrero has extensively distributed information on preventative measures to stop the virus from spreading and provided access to protective and hygiene equipment.
“The impacts of Covid-19 have changed our business and our industry, and they continue to be felt globally. Despite these challenges, the Ferrero Group successfully adapted, and prioritised consumer and employee health and safety. I would like to thank all the Ferrero employees and partners who have pulled together over the last year to continue to deliver for our customers while supporting the communities we are proud to be part of,” said Giovanni Ferrero, Executive Chairman of the Ferrero Group.
Highlights from the 2020 sustainability report
Ferrero has continued to work towards its 2020 Group sustainability goals, aligned to its four key pillars: protect the environment, source ingredients sustainably, promote responsible consumption and empower people. It has also begun to define new commitments and targets that will drive further progress across the period leading up to 2030.
One of its new ambitious targets is to continue to significantly reduce the Group’s carbon footprint by 2030. These are science-based carbon targets, validated by the Science Based Targets initiative (SBTi) in December 2020, with the following commitments:
The following are a selection of highlights from across Ferrero’s four key pillars:
“Beyond manufacturing, protecting workers and farmers in agricultural supply chains was a key priority, especially in less developed markets. Our partnerships and collaborations have proved invaluable to reaching those in need of support. As we close out our 2020 goals, we are proud to have met our target to source 100% sustainable cocoa through independently managed standards. We have now extended the target to include outsourced chocolate to provide full transparency of our cocoa supply chain. We continued to source 100% RSPO certified segregated palm oil and we are developing a transition roadmap for the newly acquired Companies toward our responsible sourcing standards.” said Lapo Civiletti, Chief Executive Officer of the Ferrero Group.
About Ferrero Group
Ferrero began its story in the little town of Alba in Piedmont, Italy, in 1946. Today, with a consolidated turnover of over 12.3 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 37,000 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.
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 44,000 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.
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