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Investor Presentaiton

Ferrero Group Sustainability Report 2022 Introduction Our sustainability progress Our reporting F R&D and open innovation Recycled content in plastic packaging Ferrero has set an ambitious target to use 100% rPET in the Estathé bottles range. We have identified recycled resins meeting the necessary quality and safety requirements, which also fulfil our stringent guidelines and perform on industrial lines. Thanks to the use of rPET, Estathe reduces the use of virgin PET by more than 3,200 tonnes per year (considering 33 cl, 40 cl and 1.5I PET bottles) and further supports the circularity of PET bottles. See more ESTATHE CARA TERRA, ESTATHÉ HA UN REGALO PER TE: LE NUOVE BOTTIGLIE IN PLASTICA RICICLATA 100% Recycled plastic challenge The low availability of high-quality post- consumer recycled plastics safe for use in food packaging is a major limit to larger- scale implementation of circularity in reducing plastic and virgin materials. Mechanical recycling is currently the most common way to recycle plastic. However, not all plastics recycled in this way meet quality requirements for closed-loop applications: i.e. from packaging to packaging. The most common and well established closed-loop recycling system for food- contact plastics is PET used in beverage bottles. We use 100% recycled PET (rPET) in our Estathé range 12 promoting circularity of this valuable material. We cannot do the same for other applications as not all of the recycled plastics are able to meet food- safety standards. Nonetheless, alternative recycling technologies to mechanical recycling may help. Pyrolysis and depolymerisation processes are often classified under the definition of chemical recycling (also called advanced recycling¹³). These processes can support the use of post-consumer recycled plastic back into food-contact applications. We are exploring this opportunity and working with relevant stakeholders on these complementary recycling methods. We endorse the CGF Vision for Advanced Recycling in a Circular Economy for Plastics 14 and confirm our interest in the development of credible, safe and environmentally sound chemical recycling infrastructure. As an example, we are piloting the use of chemically recycled PP (rPP) in our Tic Tac boxes. The post-consumer recycled plastic obtained from chemical recycling is allocated through a mass-balance approach: this means both virgin (fossil or bio-based) and recycled feedstock are fed into the plastic production process, keeping track of the individual input quantities. The proportion of recycled raw materials used in the production of the plastic material can then be mathematically allocated to final product through a certification scheme. The mass-balance approach is the same as the well-known methodology used within the energy sector for electricity coming from renewable sources. The mass-balance approach is a crucial bridge from linear to circular economy for plastic. It helps us support sustainable sourcing of recycled or renewable raw material and save virgin resources. 12. Caps and label are not made of PET and do not contain recycled plastics. 13. The terms 'chemical recycling', 'advanced recycling', 'advanced chemical recycling' and 'enhanced recycling' are interchangeable. 14. PW-Chemical-Recycling-Vision-and-Principles- Paper-July-2022.pdf (theconsumergoodsforum.com) ESTATHE 'esclusa la gamma Infusion Mix 31 <
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