Investor Presentaiton
Ferrero Group
Sustainability Report 2022
Introduction
Our sustainability
progress
Our reporting
F
Lapo Civiletti
Chief Executive Officer,
Ferrero Group
Despite a challenging economic
and geopolitical environment for all
businesses, the Group was able to
grow and to increase investments
in its brands, R&D and production
capacity. These investments
represent our continuous approach
to improving the quality, freshness
and safety of our products, while
reducing our environmental impact,
all of which you can read about
in this report.
Ferrero closed the financial year with a
consolidated turnover of 14 billion euro, an
increase of 10% compared to the previous
year's turnover of 12.7 billion euro. The
Group now comprises 109 companies and
32 manufacturing plants around the world,
selling in over 170 countries directly or
through distributors. Our workforce,
as of 31 August 2022, comprised of over
41,400 employees, 2,600 more than the
previous year.
Dataset. WRI has also applied its Deforestation
Risk Assessment methodology to the dataset.
This year, we bought about 97% of our entire
cocoa volume from farmer groups we support
With our sustainability work structured in four through our sustainability programmes, of
major pillars, we have made excellent
progress towards the objectives we have set
ourselves. I would like to mention some of this
year's highlights, of which you can read more
in the report that follows.
As regards the environment, we have
developed a Climate Plan that focuses on
decarbonising our industrial activities, based
on technological interventions. It is structured
at corporate and factory levels. Our Scope 2
emissions (market-based) are now less
than half what they were two years ago.
Wastewater has decreased over the past two
years, and waste levels from production are
also in decline. We are also proud to report
that 88.5% of our packaging is designed to be
recyclable, and we have partnerships for each
of the four steps of our packaging roadmap to
2025 and beyond, to help us continue to make
progress in our desire to offer more
sustainable packaging.
We have also made great strides in sustainable
sourcing. This year, we completed our four-year
Cocoa & Forests Initiative (CFI) Action Plan. We
reached the targets we set back in 2018 and, in
many cases, surpassed them. Our new plan in
development will have targets for 2025. Along
with other CFI companies, we also shared
substantial farm data and mapping in Ivory
Coast and Ghana with the World Resources
Institute (WRI) to create a collective Farm
which 82% from our dedicated farmer groups.
We sourced all cocoa through certifications and
other independently managed standards.
Moreover, we continue to implement a holistic
community-development programme with
Save the Children in 65 communities in the
Haut-Sassandra region in Ivory Coast, in
close collaboration with the local authorities
and our suppliers.
We achieved 79% traceability for the hazelnuts
we buy. Chile, Argentina, France and the USA
all confirmed they were fully traceable after
implementing the Sourcemap platform.
We continue to meet our target to source
100% RSPO-certified sustainable palm oil
for our historical Ferrero brands and for
Thorntons. For other recently acquired
brands, we are working to achieve the same,
and now source 99.4% RSPO-certified palm
oil across all our brands. We use only cage-
free eggs within the EU (around 93% of our
total egg use) and source 100% cane sugar
certified by Bonsucro. In late 2022, we also
published our new Dairy Charter, which you
can read more about on page 54.
For our people, we have set long-term
diversity and inclusion goals for 2030, which
relate to gender, nationality, generations,
working culture and persons with disabilities.
At the end of June 2022, we finalised the
acquisition of FULFIL Nutrition, a company
making high-quality vitamin and protein bars,
as part of our strategy to meet the evolving
health needs of consumers.
At Easter 2022, we needed to recall Kinder
products manufactured at our plant in Arlon,
and in collaboration with Belgian food safety
authorities, suspended our production there.
Food safety, quality and consumer care have
been at the heart of Ferrero since the company
was founded. This serious event goes to the
core of what we stand for. Therefore, we've
made significant investments, updated
equipment, installed new lines, and updated
safety protocols and training, to preserve the
full trust and confidence of our consumers.
The authorities gave the conditional permission
for the reopen in June and confirmed the
production licence in September 2022.
You can find out more about our sustainability
initiatives in this report as well as on our
website. I hope you will find it interesting and
informative, and I welcome your feedback.
Lapo Civiletti
Chief Executive Officer, Ferrero Group
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