Ferrero is a leading global company in the Sugar & Other Confectionary sector, with a strong presence in the United States of America. The company was founded in Italy in 1946 by Pietro Ferrero, and has since grown into a multinational corporation with operations in over 50 countries worldwide. Ferrero is best known for its iconic brands such as Nutella, Kinder, Tic Tac, and Ferrero Rocher, which are enjoyed by millions of consumers around the world.
As a global company, Ferrero is committed to sustainability and has set ambitious targets to reduce its environmental impact. One of the key areas of focus for the company is decarbonisation, which involves reducing greenhouse gas emissions across its operations and supply chain. Ferrero has set a target to achieve carbon neutrality across its operations by 2020, and has made significant progress towards this goal.
One of the key strategies that Ferrero has adopted to achieve its decarbonisation target is corporate energy procurement. The company has invested in renewable energy projects such as wind and solar farms, which provide a source of clean energy for its operations. Ferrero has also entered into corporate power purchase agreements (PPAs) with renewable energy providers, which enable the company to purchase energy directly from renewable sources at a fixed price.
Corporate PPAs are an important tool for companies like Ferrero to achieve their renewable energy targets, as they provide a long-term source of clean energy at a predictable cost. By entering into PPAs, Ferrero is able to support the development of new renewable energy projects, which helps to accelerate the transition to a low-carbon economy.
Ferrero has also implemented a range of energy efficiency measures across its operations, which help to reduce its energy consumption and greenhouse gas emissions. The company has invested in energy-efficient lighting, heating, and cooling systems, and has implemented a range of process improvements to reduce energy waste.
In addition to its efforts to reduce its own environmental impact, Ferrero is also committed to promoting sustainability across its supply chain. The company works closely with its suppliers to ensure that they meet its strict environmental and social standards, and has implemented a range of initiatives to support sustainable agriculture and forestry practices.
Ferrero's commitment to sustainability is reflected in its wider corporate strategy, which is focused on creating shared value for all stakeholders. The company is committed to promoting social and economic development in the communities where it operates, and has implemented a range of initiatives to support education, health, and environmental sustainability.
Overall, Ferrero is a leading global company in the Sugar & Other Confectionary sector, with a strong commitment to sustainability and decarbonisation. The company's focus on corporate energy procurement, corporate PPAs, and renewable energy has enabled it to make significant progress towards its carbon neutrality target, and has helped to accelerate the transition to a low-carbon economy. Ferrero's commitment to sustainability is reflected in its wider corporate strategy, which is focused on creating shared value for all stakeholders and promoting social and economic development in the communities where it operates.