Ferrero Group unveils new packaging goal
The Ferrero Group releases its 10th Corporate Social Responsibility Report and commits to make all packaging 100% reusable, recyclable or compostable by 2025.
15 October 2019 | 0
The Ferrero Group has committed to making all packaging 100% reusable, recyclable or compostable by 2025. The news coincided with the publication of Ferrero’s 10th Corporate Social Responsibility Report, in which the company outlines its social responsibility strategy, ‘Sharing values to create value’.
In a press statement, Ferrero said the new commitment further enhances its approach to continuously improve its packaging footprint and fits into its strategy to minimize environmental impact, from raw materials to production plants and logistics, along the entire value chain.
As part of the announcement, Ferrero signed the Ellen MacArthur Foundation’s New Plastics Economy Global Commitment. Ferrero says it shares the foundation’s vision of a circular economy for plastics, where plastics never become waste, as well as believing in the need for action across the entire supply chain. This includes a pledge to eliminate problematic or unnecessary plastic packaging through redesign, innovation, and new delivery models.
“Ferrero has always taken a responsible approach to delivering high-quality product experiences that positively contribute to both today and tomorrow’s society,” said Giovanni Ferrero, executive chairman of the Ferrero Group. “This belief continues to drive us towards a responsible value chain by sourcing sustainably, producing sustainably and now by further strengthening our commitment to more sustainable packaging.”
The Ferrero Group says it 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.