Ferrero

Ferrero, an Italian-headquartered food products manufacturer, reported total emissions of approximately 7.6 billion kg CO2e in 2024. This figure comprises 486.76 million kg CO2e from Scope 1 emissions, 51.36 million kg CO2e from Scope 2 market-based emissions, and 7.07 billion kg CO2e from Scope 3 emissions.

Ferrero has set ambitious climate commitments. Through the Science Based Targets initiative (SBTi), Ferrero International S.A. commits to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030, from a 2018 base year. Furthermore, the company aims to reduce Scope 1, 2, and 3 GHG emissions by 43% per metric tonne of product produced over the same timeframe, which is consistent with reductions required to keep warming to 1.5°C.

Earlier targets included a 40% reduction in Scope 1 and Scope 2 CO2e emissions from production processes by 2020, compared to 2007 levels. In their 2024 Sustainability Report, Ferrero notes ongoing efforts to reduce Scope 1 emissions by investing in energy-efficient technologies, increasing local renewable energy production, and exploring low-carbon alternative fuels.