Ferrero

Ferrero's reported carbon emissions

Ferrero, headquartered in Italy and operating within the food products nec industry, reported approximately 7.6 billion kg CO2e in total GHG emissions for 2024. This figure comprises approximately 486.8 million kg CO2e for Scope 1, approximately 51.4 million kg CO2e for Scope 2 (market-based), and approximately 7.1 billion kg CO2e for Scope 3. The largest contributor to Scope 3 emissions was purchased goods and services, accounting for approximately 5.7 billion kg CO2e. In 2023, Ferrero's total emissions were approximately 7.9 billion kg CO2e, with Scope 1 emissions at approximately 500 million kg CO2e, Scope 2 (market-based) at approximately 53.9 million kg CO2e, and Scope 3 at approximately 7.3 billion kg CO2e. Ferrero has established significant climate commitments. The company aims to reduce its absolute Scope 1 and 2 GHG emissions by 50% by 2030, using a 2018 base year. Additionally, Ferrero has committed to reducing its Scope 1, 2, and 3 GHG emissions intensity by 43% per metric tonne of product produced by 2030, also from a 2018 base year. Previous targets included a 40% reduction in CO2eq emissions from production processes by 2020, compared to 2007 levels for both Scope 1 and Scope 2 emissions. The company is also working towards the use of low-carbon alternative fuels and increasing renewable energy production.