Ferrero unveils new climate goals
The Ferrero Group has published its 11th Sustainability Report, outlining new ambitious goals to reduce its carbon footprint by 2030. It also provides an overview of the company’s sustainability targets and progress.
By 2030, the company aims to halve all emissions from its owned operations (Scope 1 and 2), which is consistent with the Paris Agreement goal to limit global warming to 1.5 degrees Celsius. Across all scopes, Ferrero also commits to reducing emissions by 43% for each tonne of product produced. Both targets use 2018 as a base year.
To achieve the first target, Ferrero has developed a set roadmap to reduce emissions from plants, warehouses and main offices. For the second target, the company will work together with its suppliers to reduce emissions, while rethinking solutions and developing new products.
Giovanni Ferrero, Executive Chairman of the Ferrero Group, said: “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.”