With goals of halving its greenhouse gas emissions by 2030, Ferrero is focused on making significant reductions. Scope 1 and 2 emissions were reduced by 21.7% while FLAG (Forest, Land and Agriculture) and non-FLAG emissions were disaggregated to improve carbon accounting and enhance data reliability and accuracy.

The company’s packaging has also seen continuous evolution, with 92.1% now designed to be recyclable, maintaining its commitment to ensuring more than 90% of packaging materials are reusable, recyclable or compostable.

“We made steady progress on our sustainability agenda during fiscal year 2023/2024,” said Lapo Civiletti, CEO of the Ferrero Group. “I am particularly proud of the ongoing steps we are taking to achieve our long-term commitments. We have successfully advanced our sustainability journey while maintaining strong financial stewardship across the company. We are making great efforts on the traceability of our key ingredients and improving supply chain visibility, while advancing our commitments to promoting human rights and continuing our work on decarbonization across the business.”

Other highlights of the report include Ferrero’s commitment to people, including its partnership with the Organization of American States to promote inclusion, equity and access to rights through sports and physical activity, particularly for children, adolescents and women in the Americas.

“This progress is made possible by embracing collective action, leveraging innovation, research and development, and continuously learning from experience to deliver measurable, meaningful impact,”  Ferrero said.

For more information, read the full report.