Ferrero Group’s progress towards its sustainabilty goals

Switch to renewable energy across its manufacturing plants

173
Ferrero
Ferrero Group's progress towards its sustainabilty goals. Photo Ferrero Group

Ferrero Group is on track to meet its ambitious sustainability goals, including a switch to renewable energy across its manufacturing plants and progress towards targets on sourcing and packaging, the global sweet-packaged food group reports today.

Progress is documented in the Group’s 13th Sustainability Report, which highlights the steps taken toward environmental and social targets during 2021 aligned to four key areas of focus – protecting the environment, sourcing ingredients sustainably, promoting responsible consumption, and empowering people. The sustainability report follows the publication of the Group’s first Human Rights Report, addressing work on the most salient human rights issues across the value chain.

“The pandemic created a global social and economic disruption that varied from country to country. However, as a business, we were able to demonstrate resilience and the solid progress of our sustainability plans has not been affected, as you will read. In addition, our business continues to expand, both through new acquisitions and through organic growth” said Giovanni Ferrero, executive chairman of the Ferrero Group.

Highlights from the 2021 Sustainability Progress Report include –

• Ferrero is on track to meet its 2025 target of 100% of packaging being reusable, recyclable, or compostable, reaching a high of 83% over the last year.
• The Group sets out further ambitious packaging sustainability targets, including the reduction of virgin plastic by 10% and the increase of recycled content in plastic packaging to 12% by 2025.
• Renewable energy sourcing is transitioning rapidly with 84% of the electricity purchased for manufacturing plants now coming from renewable sources and 16 of the firm’s plants running on 100% renewable electricity.
• Ferrero has reached its sourcing target of 100% of cane sugar certified by Bonsucro.
• Ferrero also reports traceability back to the farm level across more than 95% of its cocoa supply volume.
• The Group delivered training to over 134,000 farmers in Côte d’Ivoire and Ghana, with the aim of promoting responsible agricultural practices in key cocoa-growing regions as part of Ferrero’s on-the-ground engagement with partner farmers.

“As you will see throughout this report, we have substantially advanced many aspects of our sustainability strategy towards the objectives we set ourselves. We increased our energy efficiency and confirmed a central capital-expenditure program aimed at reducing our carbon footprint and achieved many improvements in our packaging portfolio, in line with our sustainability roadmap to 2025. In raw-material supply chains we published or updated our cocoa charter, palm oil charter, and hazelnut charter, aiming for production that creates value for all in each respective industry” said Lapo Civiletti, chief executive officer of the Ferrero Group.

Packaging South Asia — resilient, growing and impactful — daily, monthly — always responsive

The multi-channel B2B in print and digital 17-year-old platform matches the industry’s growth trajectory. The Indian, South Asian, Southeast Asian, and Middle East packaging industries are looking beyond the resilience of the past three years. They are resuming capacity expansion and diversification, with high technology and automation in new plants and projects.

As we present our 2024 publishing plan, India’s real GDP growth for the financial year ending 31 March 2024 will exceed 6%. The packaging industry growth will match the GDP growth in volume terms and surpass it by at least 3% in terms of nominal growth allowing for price inflation in energy, raw materials, consumables, and capital equipment.

The capacity for flexible film manufacturing in India increased by 45% over the past four years. With orders in place, we expect another 20% capacity addition in 2024 and 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels are grown similarly. As the consumption story returns over the next six months, we expect demand to return and exceed the growth trajectory of previous years. The numbers are positive for most of the economies in the region – and as shown by our analytics, our platform increasingly reaches and influences these.

For responsible and sustainable packaging, with its attendant regulations and compliances, there is significant headroom to grow in India and the region. Our coverage includes the entire packaging supply chain – from concept to shelf and to waste collection, sorting, and recycling.

We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers. This is a large and complex canvas – the only thing that can work is your agile thinking and innovation together with our continuous learning and persistence.

The coming year looks to be an up year in this region, and this is the right time to plan your participation and marketing communication – in our rich and highly targeted business platform with human resources on the ground. Share your thoughts and plans to inspire and mobilize our editorial and advertising teams!

For editorial info@ippgroup.in — for advertisement ads1@ippgroup.in and for subscriptions subscription@ippgroup.in

– Naresh Khanna (25 October 2023)

Subscribe Now
unnamed 1

NEWSLETTER

Subscribe to our Newsletter

LEAVE A REPLY

Please enter your comment!
Please enter your name here