Investor Presentaiton
Ferrero Group
Sustainability Report 2022
Our sustainability priorities (continued)
Introduction
Our sustainability
progress
Our reporting
F
Source ingredients
sustainably
Our ambition
We aim to create a thriving
supply chain that benefits
farmers and their communities,
and protects people and the
environment. Responsible
sourcing is the way we do
business and the way we build
our supply chains across all
our categories. The higher the
risk, the stronger our level of
understanding and protection
of the supply chain needs to be.
Materiality assessment issues
Human rights in supply chains*
Biodiversity, deforestation prevention and
sustainable agriculture*
Climate action*
Animal welfare
Community livelihoods and development
Innovation and digitalisation
Collaboration and partnership for the goals
Supplier engagement and transparency
*material issues
SDGs contribution
Cluster 1
POVERTY
4 EDUCATION
DECENT WORK AND
Cluster 2
2 HUNGER
sss
ECONOMIC GROWIN
Enabler
PARTNERSHIPS
FOR THE GOALS
12 RESPORTBLE
CONSUMPTION
AND PRODUCTION
QO
15
Read more about our 'Source
ingredients sustainably' pillar from
page 36, including:
13 CLIMATE
ACTION
Сосоа
•In 2022, we published Ferrero's Cocoa
Charter and Cocoa Action Plan that
highlight continued ambition for a cocoa
industry that is good for people and nature.
•In March 2022, we disclosed our 2020/2021
cocoa supply chain, as part of our
commitment to transparency on where
our cocoa comes from.
⚫ In December 2022, we published our Cocoa
Progress Report, where we outline the
results of our global cocoa sustainability
programme.
⚫ In January 2021, we achieved our objective
to source 100% of our cocoa through
independently managed standards.5
• Our level of traceability for cocoa is above
96% to farmer groups and around 89%
to farmer level.
• More than 1/3 of our cocoa farmers are
already adopting agroforestry practices.
Hazelnuts
• Published our Hazelnut Charter, aiming
for a hazelnut industry where hazelnut
production creates value for all.
• Achieved 79% traceability in total
this year.
• Partnership with ILO across all hazelnut
sourcing regions in Turkey.
Palm oil
Published our Palm Oil Charter, aiming
for a palm oil industry where palm oil
production creates value for all.
. Continue to meet our target to source
100% RSPO-certified sustainable palm oil
as segregated for historical brands - and
99.6% RSPO across all brands, including
the most recently acquired ones.
For recently acquired brands, Thorntons
has met the same standard, while the
work for the remaining brands is ongoing.
• All Ferrero historical brands are
constantly surveyed through satellite
monitoring.
Other ingredients
• Use 100% cage-free eggs within the EU
(around 93% of our total) since 2014 and
working to achieve global commitment
by 2025.
• Source 100% cane sugar certified
by Bonsucro.
Published our Dairy Charter.
• Working on traceability of other
ingredients like coffee, paper and dairy.
5. These standards include certification schemes like Rainforest Alliance
and Fairtrade and verified sustainability programmes of our suppliers like
Coco Horizons, Promise Cocoa Verified and Beyond Beans. The complete
list of standards we apply to our supply is publicly reported in our Cocoa
Charter and Cocoa Progress Report.
6. Considering traceable to farm gate if minimum GPS waypoint available.
7. Polygon mapping to farm level.
13
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