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17 Mar 2017
1 min read

FERRERO ENTERS A COOPERATIVE INITIATIVE TO END DEFORESTATION IN THE GLOBAL COCOA SUPPLY CHAIN

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Ferrero, together with other eleven world's leading cocoa and chocolate companies, signed a statement of collective intent committing to work together so as to end deforestation and forest degradation in the global cocoa supply chain, with an initial focus on Côte d’Ivoire and Ghana.

“Ferrero believes that global challenges such as deforestation need collective commitments” said Aldo Uva, Chief Officer Operating Supply and Strategic Business Platform, Ferrero, “Beginning in September 2014, Ferrero signed the New York Declaration on Forests during the Climate Summit. Today, through this statement of collective intent to end deforestation and forest degradation in the global cocoa supply chain, we are adding another milestone to our commitment to end deforestation in our key supply chains.”
The agreement, concluded during a meeting hosted by HRH The Prince of Wales and organized by World Cocoa Foundation (WCF), IDH-the Sustainable Trade Initiative (IDH) and The Prince's International Sustainability Unit (ISU), is the first of its kind covering the global cocoa supply chain. It aims to develop an actionable suite of measures to end deforestation and forest degradation, including greater investments in more sustainable forms of landscape management; more active efforts in partnership with others to protect and restore forests in the cocoa landscape; and significant investments in programs to improve cocoa productivity for smallholder farmers working in the cocoa supply chain. Côte d’Ivoire and Ghana are the world’s leading producers of cocoa, and many observers point to cocoa farming as a driving force behind rapid rates of deforestation in both countries.

Ferrero began its journey in the small town of Alba in Piedmont, Italy, in 1946. Today, it is one of the world’s largest sweet-packaged food companies, with over 35 iconic brands sold in more than 170 countries. The Ferrero Group brings joy to people around the world with much-loved treats and snacks, including Nutella®, Kinder®, Tic Tac® and Ferrero Rocher®. With over 47,000 employees, we are passionate about helping people celebrate life's special moments. The Ferrero Group, now in its third generation, is based on family values with a dedication to quality and excellence, heritage, and a commitment to the planet and communities in which we operate.