PUNE: The Ferrero Group released its 10th Corporate Social Responsibility Report and announced a fresh 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.
Ferrero have signed the Ellen MacArthur Foundation’s New Plastics Economy Global Commitment and sahred 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 delivering high-quality product experiences that positively contribute to both today and tomorrow’s society. 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. We are pleased to announce our commitment towards 100% reusable, recyclable or compostable packaging 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” saidGiovanni 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.