FERRERO’S PALM OIL: SUPPLY CHAIN TRANSPARENCY

Ferrero’s commitment to the responsible palm oil is at the core of our strategy: sourcing palm oil that is 100% RSPO Segregated (SG) certified and fully traceable back to plantations.

We are aware that the palm oil supply chain faces environmental and social challenges and, through active collaboration with NGOs, key stakeholders and suppliers, we work to secure a 100% deforestation-free, and exploitation-free palm oil supply chain.

Based on a continuous improvement approach of our value chain, in a case where non-compliance is identified among our suppliers, Ferrero immediately puts in place remediation actions. Should these actions not be carried out by our suppliers accordingly, Ferrero will take the necessary measures - including the termination of the business relationship.

Traceability and transparency have always been a fundamental element in Ferrero’s approach to sustainable palm oil. Every six months, since 2018, we publish the list of mills from which we source our palm oil . In line with this commitment, we are pleased to publish our latest lists of mills related to:

Ferrero’s products – not including acquired products (100% RSPO SG certified sustainable palm oil);

Ferrero’s commitment to source only sustainable palm oil that is 100% RSPO segregated certified

We are currently working to extend our commitment to source only sustainable palm oil that is 100% RSPO Segregated certified to the acquired products that have joined the Ferrero extended family in the past few years.

By combining both Ferrero and acquired products, between January and June 2020 the Ferrero Group sourced 99.2% of RSPO certified Segregated palm oil and 0.80% conventional palm oil. Of this total, 99.7% is traceable back to plantations. The countries from where we sourced our palm oil during this period are: