Investor Presentaiton
Ferrero Group
Sustainability Report 2022
Employee rights
The Centre of Excellence (Labour Relations)
launched in 2021 has continued to implement
a common principle in line with our values and
the SMETA ethical-audit methodology.
In spite of the impact of inflation, we have
been able to conduct and close several
collective agreements with employee
representatives around the world.
Despite ongoing difficulties caused by the
after-effects of the pandemic, our annual
ethical-audit programme, launched in 2019,
has examined the areas identified so far by the
Group, using the four pillars of the SMETA 6.1
methodology. We've carried out the audit in all
our factories, including Ferrero Hazelnut
Company (HCo). Evaluations are underway to
extend it to other company areas, to monitor
the overall situation relating to labour
conditions, and to health, safety, environment
and business ethics, with the aim of launching
specific projects that further raise the ethical
standards of the Group.
The activities of the European
Works Council
During 2022, the European Works Council
followed the same pandemic emergency
set-up as in 2021, continuing to develop
industrial relations and maintaining
collaboration using established remote-
working methods.
We continued with virtual meetings: on 20 and
21 April, we held joint training on, 'The time
has come for Europe: repair the damage and
prepare the future for coming generations'.
This included an interactive debate between
the experts and all participants about the Next
Generation EU, the 4 priorities and the
Recovery and Resilience Plan, which focused
on the support provided by different
governments in relation to just transition and
how this can be evaluated for the growth of
the countries and the benefit for the company.
These topics were then developed during the
biennial local training sessions, where
participants discussed and shared the
challenges and opportunities relating to the
National Recovery Plan for each country.
On 26 and 27 October, the meeting was
dedicated to institutional presentations,
including Ferrero scenarios, investments, the
Group's performance and markets trends, as
well as a specific focus on the new Ferrero
Code of Ethics. Also, on the first day, there was
an insight into energy procurement, a highly
topical issue, and particularly interesting given
the developments of recent months. The
commodities and price drivers of the energy
and natural-gas industry were analysed, and
the long-term strategy and three-year
strategic plan for industrial sustainability were
illustrated.
In conclusion, each country gave all
participants a clear and comprehensive
assessment of the dynamics influencing local
contexts, along with updates on the
development of specific Ferrero companies.
At the end of 2021/22, the European Works
Council involved around 19,000 colleagues,
including employees of the commercial
network and the 10 plants in Italy, Germany,
Belgium, France, Poland, Ireland and the UK.
Introduction
Our sustainability
progress
Our reporting
F
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