“Ferrero has always been committed to
chain for each of its main raw materials. In 2019, the FFV hazelnut teams have visited over 21,000 farmers helping them increasing their yields by over 40%. The FFV cocoa programme addresses the main issues in the cocoa supply chain along three pillars: improving the livelihoods of farmers and communities; protecting children’s rights; and safeguarding the natural capital. In 2019, Ferrero has supported over 100,000 farmers, besides having renovated or constructed around 50 schools, and provided over 13,000 children with education materials. Lastly, in 2019, 81% of the cocoa beans Ferrero sourced were certified sustainable, and the company is on track to achieve 100% segregated and traceable cocoa beans by the end of 2020.
This will enable Ferrero to have full visibility of its supply chain and to address issues in a targeted way. Moving forward, Ferrero is working to strengthen its cocoa sustainability strategy. Activities include scaling up programmes on the ground with suppliers and NGO partners as well as implementing Child Labour
KennedysConfection.com
Monitoring and Remediation Systems in the entire cocoa supply chain. Giovanni Ferrero, Executive Chairman of the Ferrero Group, commented: “As we approach the end of 2020, we are defining a new strategy and commitments to ensure we tackle the sustainability risks and opportunities that are most pertinent to our growing business. In our new report, we provide a first glimpse of our new strategic sustainability priorities, including our new climate goal towards 2030. I look forward to communicating further developments and progress against the new strategy as we enter an exciting new period of our Company history.” Lapo Civiletti, Chief Executive Officer of the Ferrero Group, added: “Ferrero has always been committed to creating a business that aims to have a positive impact on employees, consumers, families and the local communities in which we operate. We will continue to work hard to deliver on our sustainability commitments and improve the way we do things. Close collaboration with our suppliers and strategic partners is key for us on this journey.”
creating a business that aims to have a positive impact on employees, consumers, families and the local communities in which we operate. We will continue to work hard to deliver on our sustainability commitments”
Kennedy’s Confection November 2020 27
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