Investor Presentaiton
Ferrero Group
Sustainability Report 2022
Introduction
Our sustainability
progress
Our reporting
F
Case study
Due diligence
roll-out
Between 2020 and 2022, we introduced
our first suppliers' due diligence, with the
results of our efforts as follows:
• Over 7,000 suppliers have already
acknowledged the Supplier Code.
• We have collected around 1,000 supplier
assurances.
• We have performed more than 1,000
supplier assessments.
• We have performed around 100 field
suppliers' due-diligence audits.
• The Responsible Sourcing Committee
has discussed around 70 cases of
supplier consequence management.
These results are extremely important as
they show that with a solid process in
place, we can encourage compliance in
each sector we operate and, ultimately,
enhance the standards of the supply
chains we source from. In the few cases of
non-compliance, we put the relationship
with the partner on hold. In many cases,
our partners have thanked us for helping
them prepare for the upcoming mandatory
European due-diligence regulation, which
often translates into better health and
safety conditions, more attention to
recruiting practices, fairer labour
conditions, more attention on poor waste
management and more control of their
own supply chains.
7,000
suppliers acknowledged
the Supplier Code
1,000
supplier assessments
performed
Ferrero's Raw Material Charters,
Supplier Code of Conduct and
Human Rights Policy Statement
Cocoa Charter
Palm Oil Charter
Hazelnut Charter
Dairy Charter
Supplier Code of Conduct
39
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