The Ferrero Group has announced a new sustainability goal to reduce, by 2030, end-to-end greenhouse gas emissions by 43% for each tonne of product produced.
The company also aims to halve all emissions from its owned operations (Scopes 1 and 2) by 2030, which Ferrero says is in line with the Paris Agreement goal to limit global warming to 1.5°C.
Both carbon footprint reduction targets use 2018 as a base year and have been set out in the company’s 11th sustainability report.
Ferrero will work with its suppliers to achieve the 43% target, which aims to reduce emissions across all Scopes. In order to achieve the target for its owned operations, the company says that it has developed a set roadmap to reduce emissions from plants, warehouses and its main offices.
The report also provides an update on the company’s other sustainability initiatives. 81% of the cocoa beans Ferrero sourced in 2019 were certified as sustainable, and the company says that it will be stepping up its cocoa sustainability strategy.
Activities include scaling up programmes on the ground with suppliers and NGO partners, as well as implementing International Cocoa Initiative (ICI) Child Labour Monitoring and Remediation Systems in its entire cocoa supply chain.
“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,” said Giovanni Ferrero, executive chairman of the Ferrero Group.
“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.”
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