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Investor Presentaiton

Ferrero Group Sustainability Report 2022 How we protect the environment Introduction Our sustainability progress Our reporting We work hard to manage and reduce our environmental impact, increasing environmental efficiency in our operations and supply chain, reducing emissions and water consumption, and increasing circularity in our manufacturing and packaging. Why does it matter? A resilient and healthy planet is crucial for sustaining the ingredients and commodities we depend upon. However, the consequences of human consumption and rising demand for energy, land and water are having a major impact on the planet. Action on climate change is vital for the future of society, and it connects many areas of environmental management across the value chain - from energy, water and waste, to ecosystems, biodiversity and the transition towards a circular economy. Our environmental impact arises from our manufacturing operations, the resources we use for our products and packaging, and their end-of-life management. We consider issues such as biodiversity, packaging and the circular economy, and climate change, as key issues to focus our attention on as we continue to make positive changes. Our approach Our strategic approach applies a precautionary principle to managing risks and opportunities that arise through our direct and indirect operations, ensuring we do not harm the environment or people. We consider the climate impact of our products, logistics and packaging across the entire value chain, and focus on the areas where we have the greatest opportunity to achieve meaningful change. We also manage the environmental impact of sourcing our raw materials, as we describe in the relevant chapter of this report. Our key focus areas for managing the direct and indirect impact of our operations are: • Climate action: reducing our carbon footprint by reducing greenhouse gas (GHG) emissions across our operations and value chain, and improving energy efficiency. • Water management: using water responsibly in our production processes, reducing our consumption and managing wastewater discharge. • Industrial and food waste: promoting the transition to a circular economy, where packaging and residuals from manufacturing plants have value and never become sources of pollution. • Packaging design and the circular economy: supporting the transition to a circular economy, where packaging never becomes waste. The Industrial and Supply Environmental and Energy Policy and Supplier Code set out our commitments to protecting the environment, supported by detailed operational procedures. Our approach includes complying with local legislation, certifying plants, collecting and monitoring data, and investing in technology to reduce our operational impact. Our plants and supply-chain logistics agree their own plans in line with corporate guidelines and the local situation. The Central Direzione Operations Sustainability, Environment and Energy (DOSEE) function interacts with local Industrial Sustainability, Environment and Energy (ISEE) and local Supply Chain Development (SCD) managers to encourage engagement, raise awareness, increase capabilities, implement efficiency projects and share best practices. ISEE managers oversee local environmental and energy management and are the focal point for all related activities. SCD managers develop the local supply-chain initiatives for decarbonisation. We support the transition to a circular economy and are working to design our packaging to be reusable, recyclable or compostable. The Direzione Packaging Unit (DPU) works on our packaging from concept to the shelf. We use a science-based approach to developing our packaging - identifying the right materials to ensure our quality and safety requirements, in a life cycle approach. We have conducted Life Cycle Assessment (LCA) studies for our main products, including their packaging. F Λ 18
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