The Ferrero Group has given an update on its sustainability journey through the release of its 15th Sustainability Report, which demonstrated solid progress to meet its targets, as the company accelerates efforts in this space.

Guided by Ferrero’s long-standing commitment to having a positive impact throughout its value chain, the report shows considerable headway across its key sustainability pillars – Protecting the Environment, Sourcing Ingredients Responsibly, Promoting Responsible Consumption, and Empowering People.

In the packaging space, Ferrero reported that 90.7 per cent of its packaging is now designed to be recyclable, reusable or compostable – up from 88.5 per cent in 2021/22.

The Group also uses 40.2 per cent of renewable materials in its packaging, and are working to reduce the use of virgin plastics by 10 per cent, and is boosting the use of post-consumer recycled content in plastic packaging, toward a 12 per cent goal for overall plastic packaging.

“Ferrero Group recognises the critical role that the company plays in safe-guarding nature for future generations,” said Giovanni Ferrero, executive chairman of the Ferrero Group.

“We reaffirmed through concrete engagements that sustainability is embedded in Ferrero’s long-term strategy. All four pillars of our sustainability framework guide every strategic decision we take.

“As Ferrero grows and diversifies its portfolio, we continue to value our long-term partnerships, in particular those dedicated to the communities where we operate and where our raw materials are sourced.

“We believe in the importance of partnerships to achieve progress, to move forward our sector’s social and environmental agenda, and finally to create societal value.”

Guided by the aim that none of its packaging becomes waste, the Group collaborates with its partners across the value chain in the following areas:

  • Ensuring the availability of new recycled material solutions on the market;
  • Making sure consumers have clear instructions on how to dispose of their waste; and
  • Investing in R&D projects to upgrade current sorting and recycling technologies.

The Group partners with Ellen MacArthur Foundation, Consumer Goods Forum, Circular Plastics Alliance, Association of Plastics Recyclers, CEFLEX, RecyClass, 4evergreen, European Brands Association, Flexible Packaging Initiative, Holy Grail 2.0 project, Perfect Sorting Consortium, and The Recycling Partnership.

Food & Drink Business

While quick service restaurants are not part of Food & Drink Business’ remit, we couldn’t resist this bit of good news. McDonald’s Australia and its long-term supply chain partner, Martin Brower Australia have launched its first electric delivery truck.

Global food and beverage solutions company, Tate & Lyle, has acquired nature-based ingredients company CP Kelco for US$1.8 billion on a cash-free, debt-free basis. Tate & Lyle said the deal will “significantly accelerate” its growth plans.   

While it’s common knowledge that a well-marbled steak makes for tastier eating, there’s no official international measure for what constitutes quality meat. MEQ CEO, Remo Carbone, puts the case for establishing a global standard to grade red meat.