The Ferrero Group has provided an update on its sustainability journey, releasing its 16th ‘Sustainability Report’. 

Guided by Ferrero Group’s “long-standing” commitment to having a positive impact throughout its value chain, the report shares the “significant and continued progress” the business has made across its key sustainability priorities.

Ferrero Group CEO Lapo Civiletti says the company made steady progress on its sustainability agenda during fiscal year 2023/2024.

“I am particularly proud of the ongoing steps we are taking to achieve our long-term commitments,” he says.  

“We have successfully advanced our sustainability journey while maintaining strong financial stewardship across the company.

“We are making great efforts on the traceability of our key ingredients and improving supply chain visibility, while advancing our commitments to promoting human rights and continuing our work on decarbonisation across the business.”

Traceability

According to the latest report, more than 90% of Ferrero’s ingredients are now mapped to origin.

“Strategic partnerships with Sourcemap and Starling are strengthening precision tracking of key commodities – achieving 97% traceability for both cocoa and palm oil, and 94% for hazelnuts,” says the company.  

Reducing emissions

Ferrero says it has made strong progress toward its 2030 goal of halving greenhouse gas emissions, with significant reductions already achieved compared to its 2017/18 baseline.

• Scope 1 and 2 emissions were reduced by 21.7%.
• For Scope 3, FLAG (Forest, Land, and Agriculture) and non-FLAG emissions were disaggregated to improve carbon accounting and enhance data reliability and accuracy. 
• 90% of electricity for manufacturing and warehousing is now sourced from renewables.

Packaging

With 92.1% of Ferrero’s packaging now designed to be recyclable, the company says it has maintained its commitment to ensuring more than 90% of packaging materials are reusable, recyclable, or compostable.