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Investor Presentaiton

Ferrero Group Sustainability Report 2022 Industrial and food waste Introduction Our sustainability Our reporting F progress Total waste t Percentage of recovered waste % FY2020/21 | FY2021/22 (Full scope) (Full scope) FY 2021/22 (Manufacturing plants only) FY 2020/21 FY2021/22 | FY 2021/22 (Full scope) (Full scope) (Manufacturing plants only) FY 2020/21 FY2021/22 | FY2021/22 (Full scope) (Full scope) (Manufacturing plants only) 69.7 69.6 68.2 101,348 99,374 96.7 97.6 98.1 95,722 Waste management is a global issue with a local impact, and with cost implications for our business. We adopt a circular-economy perspective in our waste management, considering waste materials as valuable resources that must maintain their value for as long as possible. We apply the waste- management hierarchy, preferring prevention, reduction, reuse and recycling in our operations. Our main waste streams arising from industrial activities are paper and cardboard, plastic, and organic waste. Our production plants cooperate with local suppliers responsible for waste management, to seek the most sustainable and achievable end of life and to achieve local targets set for waste reduction. All waste generated by our activities is managed by authorised third parties, complying with contractual and legislative requirements. In addition, we are constantly exploring new ways of using our waste materials, working with suppliers and other industry sectors - for example, by upgrading waste materials to by-products with value in other fields. Our plants, also periodically carry out audits at our main waste-management suppliers and encourage continuous improvement. To better evaluate the impact related to our waste management, during fiscal year 2021/22 we launched a project to improve reporting and collection of waste data, which we will further develop during 2022/23 and apply in the following year. What have we achieved? Looking only at our manufacturing sites, the waste ratio remained stable from 68.3 kg/ tonne in FY 2020/21, to 68.2 kg/tonne in fiscal year 2021/22. Even though the result was negatively influenced by some events like the temporary closure of Arlon plant (see page 60), we were able to maintain the same efficiency per tonne production due to the continued improvement activities within production plants, such as efficiency improvements on production lines and increased reuse of wooden pallets and cardboard, as well as upcycle previous waste materials into by- products, where local legislation allowed us. One of the main negative influences was due to the extraordinary elimination of products in the Arlon plant. In some cases, local legislation allowed us to upcycle previous waste materials into by-products. Our waste-recovery rate kept improving. We achieved this through better waste segregation at our plants and by working with suppliers to find more-sustainable treatment solutions. 11 of our production plants reached a waste- recovery rate higher than 99%: Baramati (India), Bloomington (USA), Cork (Ireland), Hangzhou (China), Manisa (Turkey), Villers- Écalles (France), Alfreton (UK), Arlon (Belgium), Poços de Caldas (Brazil), Quito (Ecuador), Stadtallendorf (Germany). Waste production ratio kg/t Waste Total waste Unit FY 2020/21 (Full Scope) t 95,722 101,348 FY 2021/22 (Full Scope) FY 2021/22 (Manufacturing plants only) 99,374 Percentage of recovered waste Waste production ratio % 96.7 97.6 98.1 kg/t 69.7 69.6 68.2 26 <
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