Pune: The Ferrero Group releases its 10th Corporate Social Responsibility Report and announces a new commitment to make all packaging 100% reusable, recyclable or compostable by 2025. Through the 10th CSR Report, Ferrero once again demonstrates its commitment to positively contributing to the planet and the people it works with through its social responsibility strategy: “Sharing values to create value”.
The new commitment on packaging further enhances the Ferrero approach to the continuous improvement of our packaging footprint and it fits into our strategy aimed at minimizing our environmental impact, from raw materials to production plants and logistics, along the entire value chain.
As part of today’s announcement, Ferrero is proud to have signed the Ellen MacArthur Foundation’s New Plastics Economy Global Commitment and is sharing the Foundation’s vision of a circular economy for plastics, where plastics never become waste, and the need for action across the entire supply chain.In signing the New Plastics Economy Global Commitment, Ferrero wants to play an active role and also commits to eliminating problematic or unnecessary plastic packaging through redesign, innovation, and new delivery models.
“Ferrero has always taken a responsible approach to deliveringhigh-quality product experiences that positively contribute to both today and tomorrow’s society.This belief continues to drive ustowards a responsible value chain by sourcing sustainably, producing sustainably andnow by further strengthening our commitment to more sustainable packaging. We are pleased to announce our commitment towards 100% reusable, recyclable or compostablepackaging by 2025 and signing The New Plastics Economy Global Commitment with the Ellen MacArthur Foundation allows us to support the acceleration towards a circular economy” said Giovanni Ferrero, Executive Chairman of the Ferrero Group.
Lapo Civiletti, CEO of the Ferrero Group added:“We have growth ambitions and what is key is instilling sustainability throughout our entire business. This new commitment for packaging is an important step to achieving this.”
“The New Plastics Economy Global Commitment unites businesses, governments and others behind a clear vision of a circular economy for plastic. We are pleased Ferrero is joining us, by setting concrete 2025 targets. Our vision is for a world where plastic never becomes waste or pollution. It will be a challenging journey, but by coming together we can eliminate the plastics we don’t need and innovate, so the plastics we do need can be safely and easily circulated – keeping them in the economy and out of the environment.” – Sander Defruyt, Lead of the New Plastics Economy initiative at the Ellen MacArthur Foundation
To achieve this new challenging commitment, Ferrero will engage its entire group, suppliers and partners. Investments in R&D and Open Innovation,as well as working in partnerships,will drive the Ferrero strategy to eliminate unnecessary plastic packaging without compromising the quality and freshness of its products.
In line with its global commitment, Ferrero will implement the following initiatives as part of a roadmap towards 2025:
R&D and Open Innovation
Reimagining products and packaging to meet the expectations of today’s consumer means putting innovation at the center of our efforts. We are investing further in the R&D and Open Innovation departments to:
To boost local plant waste recycling initiatives Ferrero is partnering with several actors, such as recyclers, national waste management systems, non-food companies to:
Global and Local Activations
Ferrero will continue to engage with its suppliers and partners both globally and locally,joining specific associations to streamline definitions and testing methodologies for existing infrastructures.
Ferrerowill increase its efforts in plugging leaks from after-use collection systems:
The Ferrero Group will continue to share announcements on these future milestones as part of the journey to make all packaging 100% reusable, recyclable or compostable by 2025.
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