Ferrero Group's 2024 Report: Innovations and Sustainability Goals
Ferrero Group Unveils Commitment to Sustainability
The Ferrero Group has announced significant progress in its sustainability journey, unveiling the company's latest Sustainability Report. This report showcases the strong commitment Ferrero has towards achieving sustainability goals despite numerous global challenges.
Strategic Vision for Sustainability
Ferrero's philosophy towards sustainability is intricately woven into its long-term strategy. It serves as a pivotal driver of resilience and guides decision-making processes aimed at responsible growth. The organization recognizes the pressing issues posed by climate change and remains dedicated to sourcing responsibly, innovating fearlessly, and protecting the environment for future generations.
Voices from Leadership
Giovanni Ferrero, Executive Chairman of the Ferrero Group, emphasized the importance of sustainability by stating, "This journey is not only about our operational tasks but also about making a measurable impact through collective action, innovation, and continuous learning. This is essential for the well-being of the planet and our business success."
CEO Lapo Civiletti also expressed pride in the advancements made throughout the year. He highlighted ongoing efforts to enhance supply chain visibility, improve ingredient traceability, and promote human rights, stating that these initiatives are crucial to Ferrero's long-term sustainability commitments.
Progress in Ingredient Traceability
A key takeaway from Ferrero’s report is the impressive level of traceability achieved in its supply chains. Over 90% of key ingredients are now mapped to their sources, with strategic partnerships aiding in the precise tracking of commodities. Notably, the company has attained 97% traceability for both cocoa and palm oil, and 94% for hazelnuts.
Commitment to Reducing Emissions
Ferrero is making substantial strides towards its ambitious goal of halving greenhouse gas emissions by 2030, with significant reductions already recorded from its 2017/18 baseline. Specifically, the reduction of Scope 1 and 2 emissions reached 21.7%, while improvements in carbon accounting practices for Scope 3 emissions have enhanced data reliability.
Sustainable Packaging Initiatives
Regarding packaging, Ferrero has achieved a remarkable milestone with 92.1% of its packaging designed to be recyclable. The company's commitment extends to ensuring that over 90% of its packaging materials are either reusable, recyclable, or compostable. Recent initiatives have included a 13% reduction in the plastic-to-product ratio, exemplified by the switch from polystyrene to polypropylene for Ferrero Rocher boxes in various regions.
Innovative Product Launches
This commitment to sustainability has been further showcased through product innovations like Nutella Plant-Based, which is now packaged in jars made from 60% recycled glass, and the introduction of Kinder Joy's eco-friendly paper spoon.
Community Impact and Partnerships
Ferrero's Sustainability Report also highlights its dedication to social responsibility. The company has maintained a focus on empowering communities in sourcing countries through long-standing partnerships with organizations such as the International Labour Organization and Save the Children.
More than 3.7 million children across 35 countries have benefitted from Ferrero’s Kinder Joy of Moving initiative, with investments exceeding €13 million. In addition, the company has partnered with the Organization of American States to enhance inclusion and equity in sports and physical activity for children and adolescents in the Americas.
Frequently Asked Questions
What is Ferrero Group's latest commitment in sustainability?
Ferrero Group's latest report emphasizes its commitment to sustainability, focusing on positive impact throughout its value chain.
Who is the Executive Chairman of Ferrero Group?
Giovanni Ferrero serves as the Executive Chairman of Ferrero Group.
What percentage of Ferrero's packaging is recyclable?
Currently, 92.1% of Ferrero's packaging is designed to be recyclable.
How has Ferrero addressed greenhouse gas emissions?
Ferrero aims to halve its greenhouse gas emissions by 2030 and has already achieved a 21.7% reduction in Scope 1 and 2 emissions.
What is the Kinder Joy of Moving initiative?
The Kinder Joy of Moving initiative focuses on promoting physical activity among children and has reached over 3.7 million children worldwide.
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