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Investor Presentaiton

Ferrero Group Sustainability Report 2022 Introduction Our sustainability progress Our reporting F Our roadmap for sustainable packaging While there are positive improvements in circularity, change is taking longer than expected due to the complexity of the current systems. The Ellen MacArthur Foundation's (EMF) Global Commitment 2022 Progress Report¹¹ showed that the signatories have achieved good progress on recyclability, reusability and compostability, as well as on plastic recycled content, which doubled in the last three years. For some specific packaging formats, unprecedented efforts must still be made towards full circularity. For instance, we focus on thermoformed polyethylene terephthalate (PET) and flexible packaging. It is not due to a lack of ambition, but merely a consequence of the complexity and effort required to disrupt a well-established linear economy, optimised over past decades. We remain committed to all our packaging goals. Our investment plan is in place and progressing. We have updated projects that are on track to meet our commitments as well as projects where waste-management infrastructure is essential to achieve the goals. With innovation, redesign, partnerships and collaborations, and advocacy for efficient country EPR schemes, we have identified clear steps to 2025 and beyond. We have selected our partners accordingly to fill the gaps in our packaging circularity. 11. The Global Commitment 2022. Main milestones in Ferrero's sustainability packaging 2019 October 2019, Ferrero made a bold commitment to more-sustainable packaging and signed the Global Commitment for a New Plastics Economy with the EMF. The main objective was to make all packaging recyclable or compostable "reusable in practice and scale" by 2025. 2021 Aligned with the overall commitment signed in 2019, Ferrero reinforced its position in 2021, by signing the CGF Golden Design Rules with focus on plastic packaging. The design for recycling (D4R) concept was introduced as precursor of recyclability happening in practice and at scale. Designing packaging to be recyclable, as a new metric to measure progress, is quite important, as it enables companies to show progress on efforts taken to better design their packaging that is not immediately reflected in recyclability "in practice and at scale". 2022 As noted in the EMF 2022 Global Progress Report, most signatories of the Global Commitment for the New Plastics Economy are facing challenges and some of the key targets are not likely to be met by 2025. These challenges also apply to Ferrero as a signatory to the Global Commitment. This is why Ferrero currently works both on the design of packaging to be recyclable, reusable or compostable, and at the same time to support the acceleration of infrastructure development by partnering with value-chain partners and advocating for efficient country EPR schemes, and supporting the vision of a legally binding Global Plastic Treaty. This is ultimately to reach the objective in practice and scale, but in the meantime, progress is also tracked through the D4R approach. 2022 Ferrero reporting on progress towards designing all packaging to be reusable, recyclable or compostable 2021 Ferrero commitment to reduce the use of virgin plastic and to boost the use of post-consumer recycled content in plastic packaging 2019 Ferrero commitment to make all packaging recyclable, reusable or compostable by 2025 For more information: The EMF Global Commitment for a New Plastics Economy CGF Golden Design Rules The EMF 2922 Global Progress Report UN Global Plastic Treaty O FERRERO ROCHER Kinder 29 29 <
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