Ferrero

Ferrero, an Italian food products manufacturer, reported total emissions of approximately 7.60 billion kg CO2e in 2024. This figure comprises 486.76 million kg CO2e from Scope 1, 51.36 million kg CO2e (market-based) from Scope 2, and 7.07 billion kg CO2e from Scope 3 emissions.

The company has set several climate commitments. Ferrero aims to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030, using a 2018 base year. Additionally, Ferrero commits to reducing Scope 1, 2, and 3 GHG emissions by 43% per metric tonne of product produced over the same timeframe. These near-term targets are classified as consistent with a 1.5°C global warming scenario by the Science Based Targets initiative (SBTi). Historically, Ferrero also targeted a 40% reduction in Scope 1 and Scope 2 CO2e emissions from production processes by 2020, compared to 2007 levels. For its long-term strategy, Ferrero is focusing on three priority areas to reduce Scope 1 emissions: investing in energy-efficient technologies, increasing local renewable energy production, and transitioning to low-carbon alternative fuels.