PR96982

SINGAPORE, July 14, 2022 /PRNewswire=KYODO JBN/ --

HOLD UNTIL 14/07/2022 03:00 NEW YORK TIME

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 towards 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 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 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 programme 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.

For further information visit: www.ferrerosustainability.com.

Source: Ferrero Group