Investor Presentaiton
Ferrero Group
Sustainability Report 2022
Cocoa (continued)
Introduction
Our sustainability
progress
Our reporting
F
Through our sustainability programme, we
provide targeted support to cocoa farmers to
improve quality and productivity, aiming to
help them earn more from cocoa. As cocoa
doesn't provide a year-round income, we also
help farmers diversify their income and
increase food security.
We provide individual and tailored coaching
and support to a large segment of our farmers
to help them professionalise and diversify their
operations. In 2021/22, 32% of farmers have
received one-to-one coaching on farm and
business planning and 20% are supported
through individual long-term Farm
Development Plans. In addition, 155,000
farmers participated in group training on good
agricultural practices. We also supported so
far 30,000 people in diversifying their on-farm
and off-farm incomes through additional
income-generating activities such as soap-
making, chicken farms, beekeeping,
grasscutters and small shops.
By distributing high-yielding and resilient
cocoa seedlings, farmers can rejuvenate and
rehabilitate ageing cocoa fields. We distributed
1,740,000 cocoa seedlings in 2021/22 alone,
making 7,300,000 in total since 2014/15. In
addition, on top of the commercial and
farm-gate prices set by some governments, we
pay cash premiums to farmer groups, doing so
for 172,000 farmers this year. Of these, we
paid 19% digitally to increase financial
transparency and help farmers become
bankable. We are aiming to increase this
percentage year-on-year. Finally, we involved
4,700 young adults in community-service
groups or 'pruning gangs' to provide farming
services to farmers.
Human rights and social practices
We promote human rights throughout the
global supply chain, and tackle child labour in
particular. We also support the children of
families in cocoa-growing communities by
providing access to education, good nutrition
and basic necessities like clean drinking water.
We do this through an integrated approach
that combines activities at household,
community, regional and national level,
working with key partners.
Given the critical role of women in bringing
economic, environmental and social change,
and ensuring child protection, we have a
strong focus on empowering women. To
support us in achieving our objectives we have
a long-term strategic partnership with Save
the Children, which we renewed in 2021.
To address child labour effectively, we need
reliable systems in place to identify households
at risk. We want all farmer groups in our
supply chain covered with a Child Labour
Monitoring and Remediation System (CLMRS)
- or equivalent system. Last season, we
reached 99% coverage with our dedicated
farmer groups. In addition, we informed
172,000 people about children's rights, and
138,000 people about adult forced labour; we
monitored 129,000 households and 219,000
children through our child protection systems,
and help them obtain 2,600 children's official
birth certificates in 2021/22.
To improve education prospects, we
constructed or renovated 24 schools and 18
school canteens in 2021/22, bringing the total
respectively to 103 and 49, and gave 21,000
children school kits. We also supported 221
youth with vocational training in 2021/22,
bringing the total to 503 since 2018/19.
On the community side, there were 1,536
Village Savings and Loans Associations
(VSLA) involving 38,000 members, of which
23% were women, that together saved over
2.1 million euros in 2021/22, of which
1.4 million euros was loaned to set up small
businesses, pay school fees and similar.
We also established three vegetable
greenhouses in 2021/22, bringing the total
to 130 since 2018/19, and constructed or
renovated 33 water pumps in 2021/22,
bringing the total to 155. Finally, we started
phase 2 of a Community Development project
with Save the Children, involving the remaining
33 communities, meaning that now all 65
communities in the Haut-Sassandra region
in Ivory Coast are on board.
Part of our strategic approach is also our
membership since 2008 of the ICI, a multi-
stakeholder platform of industry and civil
society which aims to ensure a better future
for children and to advance the elimination
of child labour in Ivory Coast and Ghana, and
the public-private partnership CLEF, which
aims to promote good-quality education and
early childhood development for over 6 million
children in Ivory Coast.
24 103
Schools constructed
or renovated (2021/22)
U 18
TR
Canteens constructed
or renovated (2021/22)
Total schools
constructed
or renovated
49
Total
canteens
constructed
or renovated
21,000
Children given school kits (2021/22)
221503
Youth supported with
vocational training
(2021/22)
supported
with
vocational
training since
2018/19
42
<View entire presentation