Investor Presentaiton
Ferrero Group
Sustainability Report 2022
Case study
Introduction
Our sustainability
progress
Our reporting
F
Kolo Nafaso
We support Kolo Nafaso, a direct sourcing
programme that is empowering women
and is enhancing responsible sourcing of
shea kernels through our shea supplier
AAK, for whom we are the largest
customer and contributor. The programme
provides support, interest-free micro loans,
training and direct trade for women who
collect shea kernels.
Why has Ferrero chosen
to support Kolo Nafaso?
The primary difference between Kolo
Nafaso and other sustainable sourcing
Furthermore, the partners are committed
to Kolo Nafaso for the long term. It has
been running since 2009 and has evolved
way beyond a project, becoming the
preferred way of doing business. It has also
been verified through an annual external
audit by Proforest since 2020.
In a 2019 survey, 96% of women confirmed
that the prefinancing through the
programme is good for them, with 81% of
women saying the money supported them
at the right time of year.
programmes in shea is its sheer scale. AAK What makes it special?
reaches nearly 300,000 women through
the programme - plus their families, or 8%
of the women estimated to work in the
shea export trade. It is estimated that
Ferrero has supported about 61,000
women directly through the partnership.
• Large-scale impact: As many people as
possible should benefit from Kolo Nafaso
In addition, Kolo Nafaso is founded on true
direct trade, with a network of AAK's own
employees working closely with relatively
small groups of women, ranging from
seven to 400 members. This differs from
larger cooperatives, because it builds
strong relationships, and AAK knows the
women in the programme personally.
.
•
.
or any intervention added.
Truly direct: Extension officers facilitate
every existing and new activity.
Long term: No short-term projects;
we're in it for the long run.
Fully verified: It follows transparent
procedures and has been fully verified
by an external partner.
2022 has been a challenging year for shea
sourcing operations in West Africa. Due to
worsening security in Burkina Faso, the
Kolo Nafaso programme was not able to
maintain commercial relationships with all
women's groups, as the supplier had to
prioritise employees' safety. However, Kolo
Nafaso continues to do business with
nearly 300,000 women in Burkina Faso,
Ghana and Ivory Coast. 2022 weather
conditions also impacted shea production.
However, the women preferred to sell their
harvest to Kolo Nafaso rather than the
traditional supply chain, which supports
the fact that Kolo Nafaso meets the needs
of shea collecting women, shea-processing
businesses and consumers.
61,000
women supported by Ferrero directly
through partnership.
Burkina Faso
Ivory Coast
Ghana
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