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Investor Presentaiton

Ferrero Group Sustainability Report 2022 Nutrition, health and lifestyles Introduction Our sustainability progress Our reporting F By 2050, the global population is expected to reach 10 billion. As it stands, the way we produce and consume food as a society is pushing the planet and its systems to the limit. As one of the leading companies in confectionery, we want to help bring about the necessary changes by applying a system-wide approach, encompassing agriculture, food, nutrition, health, livelihoods and the environment. With this aim, in 2020, Nutella established, and continues to support, the Sustainable Nutrition Scientific Board (SNSB), a group of renowned international experts brought together to independently investigate and communicate the importance of sustainable nutrition. Research by the SNSB during the last two years has found very low-quality data in nutritional databases, with obsolete data or very few analytical tools being used³. These findings have posed important questions about the science-based approach needed to define matters such as dietary guidelines, and are challenging the scientific community to discuss a new definition of food quality. Getting the right food and nutrients involves assessing the healthiness or nutritional quality of foods, as well as food safety. Promoting a healthy diet is everyone's responsibility, but it's clear that the science-based approach needs reliable data on which to base practical guidelines for all stakeholders. Our approach We produce and market some of the world's best-loved confectionery products, and believe all foods can be enjoyed as part of a varied and balanced diet, without excluding or condemning specific ingredients or nutrients. We also support the growing evidence that the health effects of dietary habits are derived from all food components and their interactions, and not from a single nutrient or food type. One of our main goals is to respect consumers' choices, by providing clear information to help them make responsible consumption choices. In line with scientific evidence, our strategy is based on the following key principles: Offering our products in carefully defined serving sizes that allow consumers to manage their daily energy needs within their overall diet. • Carefully selecting high-quality raw materials that provide essential energy and the right level of micronutrients. We preserve the quantities and proportions of these ingredients' natural components through strategic industrial processes that maintain their physiological character. Promoting ingredients, foods and structured eating occasions that can be integrated into food-education programmes for consumers and validated by the medical-scientific community. • Educating on the importance and benefits of an active lifestyle. 3. Ferraz de Arruda H., Aleta A., Moreno Y. Food composition databases in the era of Big Data: Vegetable oils as a case study. Frontiers in Nutrition. 2023 Jan. Case study INDIANA JONES: Innovate Joining Nutrition and Environmental Sustainability Ferrero believes sustainable nutrition to be the solution for overcoming food-system challenges. Unless we work towards healthy diets, based on sustainable food systems, we will be unable to meet the Sustainable Development Goals (SDGs) set by the United Nations and reduce our environmental impact. However, integrating nutritional and sustainable principles into our operations is a complex task. For this reason, in 2021, we started to develop an internal approach where environmental and nutritional factors lead the development and reformulation of new products and recipes. To take this approach forward, our Nutrition and Sustainability Department, within the Technical and Scientific Direction of Soremartec, created a design tool called INDIANA JONES: INnovate Joining Nutrition and Environmental Sustainability. The aim is to create a science-based methodology to support a decision-making process aligned with our climate and nutritional goals. This will support R&D teams in applying nutritional and sustainability markers when selecting raw materials for the development and reformulation of new products, and in adopting into the final evaluation and choice rigorous parameters linked to a sustainable approach. Developed with the help of international experts, this unique methodology 64 measures the environmental impact of new ingredients and recipes, adding nutritional criteria to the use of environmental markers for the first time. <
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