Investor Presentaiton
Ferrero Group
Sustainability Report 2022
Climate action
Introduction
Our sustainability
progress
Our reporting
F
Climate change poses an increasing
risk along our entire value chain. We
have been involved in climate action
for decades, and are accelerating
our efforts, using science-based
targets to reduce our impact. In
addition, energy efficiency is
fundamental to achieving our
carbon-reduction goals and key to
our responsible consumption of
natural resources.
GHG emissions
As a global business in the food and beverage
industry, we play an important role in helping
meet the goals of the Paris Agreement to limit
average global temperatures.
In 2020, we announced a new set of science-
based commitments for 2030, which the
Science Based Targets initiative (SBTi)
validated in December of that year:
• Reduce Scope 1 and 2 emissions by 50%
from a 2018 base year.
• Reduce Scope 1, 2 and 3 emissions
intensity by 43% per tonne of product
produced, from a 2018 base year.
To achieve the first target, we developed a
detailed plan to reduce emissions from our
plants, warehouses and main offices. This
focuses mainly on measures such as increasing
energy efficiency and shifting to renewable
energy. Our plan is based on a method and will
evolve as local changes (for example,
developments in government policy and local
availability of renewable energy) influence
how we fulfil our commitments.
A method for reducing
emissions
Reducing Scope 1 and 2 emissions by 50%
by 2030³ is not just a promise. We have a
plan to achieve it. Decarbonising our
industrial activities requires an in-depth
analysis of all available solutions (energy
efficiency, biofuels, electrification) and how
we can best apply these, rethinking how we
operate our factories.
Working with specialists, we have
developed a rigorous decarbonisation plan
based on technological interventions,
structured at both corporate level and
factory level.
• At the higher level, our Corporate
Climate Change Roadmap makes it
possible to identify the main ways to
decarbonise all our industrial plants,
defining differentiated targets and
strategies for each of them.
• At factory level, site-specific studies for
each production facility come into play.
The decarbonisation programme for each
factory follows three subsequent steps:
Ol Initiation:
This aims to identify the best decarbonisation
strategy for the facility by analysing the plant's
configuration, energy balance, utilities and
distribution networks, and simulating potential
ways to decarbonise. On-site walk-throughs
collect accurate information and check the
feasibility of any proposed interventions.
02 Planning:
This stage includes defining measurement
campaigns, and collecting and analysing
additional data to refine the previous plans,
Alfreton (UK)
Poços de Caldas (Brazil)
Stadtallendorf (Germany)
Arlon (Belgium)
Cork (Ireland)
Villers-Écalles (France)
Alba (Italy)
Belsk (Poland)
Pozzuolo Martesana (Italy)
Brantford (Canada)
Initiation
Balvano (Italy)
Starting in 2022/23
S.Angelo dei Lombardi (Italy)
Starting in 2022/23
both technically and financially. It involves
reviewing technologies, energy providers
and other suppliers.
03 Execution:
The third step is implementation, covering
design, authorisation, purchasing and
commissioning.
The entire process can last from three to
five years and is underway for several
production plants.
3. From a 2018 base year.
Planning
Execution
20
20
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