Mumbai, July 03, 2023: Ferrero Group has released its 14th Sustainability Report which documents the Group’s progress towards meeting key sustainability objectives and targets. The report highlights the steps taken during the 2021/22 financial year on four core pillars: protecting the environment, sustainable sourcing, promoting responsible consumption and empowering people.
As part of Ferrero Farming Values (FFV), a cross-commodity framework, the Group is committed to supporting and improving sustainable sourcing of its ingredients, as well as sharing knowledge across the value chain. In 2021/22, the FFV program helped deliver one on one coaching to 32% of cocoa farmers on farm and business planning, whilst 155,000 cocoa farmers took part in group training. The sustainability report also details how the Group is now reaching traceability back to farm level across more than 96% of its cocoa supply volume. In addition, 82% of the entire cocoa volume was sourced from dedicated farmer groups Ferrero supports. Across all sourced hazelnuts, the Group can report overall traceability of 79% despite systemic supply-chain complexities.
Speaking about their progress despite global challenges, Giovanni Ferrero, Executive Chairman of the Ferrero Group, said “The financial year was particularly challenging - war broke out, supply chains were disrupted, energy costs surged, and inflation grew alongside the cost of raw materials. In the face of these challenges, Ferrero has not only been able to grow, but to also make strong progress with a number of our sustainability targets – and, in some instances, exceed them.”
Other highlights from the Ferrero Group’s Sustainability Progress Report include:
- 92% of the company’s global electricity now comes from renewables – up from 84% last year.
- 100% of palm oil is RSPO certified segregated, with 99.95% traceable to 146 palm oil mills and 722 plantations. The segregation model ensures sustainable palm oil is kept separate from the plantations and farms, and all the way along the supply chain, with the Group being one of the first global companies to source 100% RSPO certified segregated palm oil (since 2015).
- The completion of Ferrero’s four-year Cocoa and Forest Initiative (CFI) plan, with majority of targets either met or even surpassed, including more than 170,000 farmers now enlisted in the Ferrero Cocoa Program, of which 161,000 (95%) were polygon mapped in 2021/22, exceeding the initial target of 153,000.
- The publishing of the company’s first Human Rights Report at the end of 2021. The report is framed around 10 of the most salient human rights issues across all value chains – regardless of product or geography – and shows how Ferrero is working to address these issues.
Lapo Civiletti, Chief Executive Officer of the Ferrero Group, said “Across each of the four key pillars of our sustainability framework, the report shows we have made strong progress towards the objectives we have set ourselves. Despite a challenging economic and geopolitical environment, the Group increased investments to continue to ensure high levels of quality, freshness and safety across all our products, while reducing our environmental impact.”
Rudolph Sequeira, Managing Director, Ferrero India, said, "Our latest project on developing 8 Anganwadis in Baramati is in line with our Sustainability Values, and demonstrates our dedication to community well-being. Additionally, equipped with solar lights, water harvesting, water recycling for gardening, and constructed as per green building standards, the Pietro Ferrero Kindergarten sets set a new benchmark for environmental consciousness. Furthermore, our Kindergarten has 80-100 children aged between 06 months to 6 years, who currently receive pedagogic education, meals, and healthcare. Our KJOM (Kinder Joy of Moving) program has had a successful pilot phase in ten schools in Pune, training over 6,000 children, with an impressive 82% of them awarding the program a 5-star rating. Our multiple endeavours reinforce our unwavering commitment to sustainable practices, education, and the holistic well-being of the communities we serve."
More on Ferrero’s Sustainability Report here: [https://www.ferrero.com/News/ferrero-group-sustainability-report-2022]
