News | Industry Updates Ferrero publishes its 12th Sustainability Report

The Ferrero Group has published its 12th Sustainability Report updating on its progress towards its sustainability goals and ambitious plans to cut its carbon footprint. Ferrero has continued to work towards its

2020 Group sustainability goals, aligned to its four key pillars: protect the environment, source ingredients sustainably, promote responsible consumption and empower people. It has also begun to define new commitments and targets that will drive further progress across the period leading up to 2030. One of its new ambitious targets is to continue to significantly reduce the group’s carbon footprint by 2030. These are science-based carbon targets, validated by the Science Based Targets initiative (SBTi) in December 2020, with the following commitments: • Ferrero will reduce absolute Scope 1 and 2 emissions by 50% globally by 2030, using 2018 as the base year. • Ferrero will also reduce Scope 1, 2 and 3 emissions intensity by 43% per tonne of product produced at a global level, using 2018 as the base year. • The company reached and closed out a number of its 2020 targets having made substantial progress. For instance it has achieved its goal of sourcing 100% sustainable cocoa beans through independently managed schemes and 100% certified cane sugar through Bonsucro and Altromercato.

• Renewable energy is critical to Ferrero’s efforts to achieving its carbon reduction goals and it purchased 100% green electricity for its manufacturing plants in Europe in Fiscal Year 2019/2020, and 71.5% of the electricity purchased globally was from renewable sources. • In 2019, Ferrero announced a commitment to make 100% of its packaging reusable, recyclable or compostable by 2025 as part of its support for the circular economy. As of 2020, Ferrero achieved 82.9% and continues with its commitment to fulfilling this journey. • Ferrero has continued to build on its efforts over the past decade to enhance its human rights approach. This has been delivered through collaboration with leading experts to identify human rights risks and build out its due diligence approach, as well as entering partnerships

to scale positive impact, such as with Save the Children. “Beyond manufacturing, protecting

workers and farmers in agricultural supply chains was a key priority, especially in less developed markets. Our partnerships and collaborations have proved invaluable to reaching those in need of support. As we close out our 2020 goals, we are proud to have met our target to source 100% sustainable cocoa through independently managed standards. We have now extended the target to include outsourced chocolate to provide full transparency of our cocoa supply chain. We continued to source 100% RSPO certified segregated palm oil and we are developing a transition roadmap for the newly acquired companies toward our responsible sourcing standards,” said Lapo Civiletti, chief executive officer of the Ferrero Group.

Costa Coffee trials hot and iced drink machines in Bristol

Costa Coffee, is trialling a new line of coffee machines across selected locations in Bristol. The new Costa Express Hot & Iced Drinks Machine is an

integrated self-serve coffee machine, reinvented to deliver both hot and iced drinks. Nick Orrin, director of Costa Express UK&I, said: “Costa

Express is synonymous with exceptional coffee on-the-go, so we were delighted to begin trialling our Costa Express Hot & Iced drinks machine in Bristol this summer.” | 5

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