Ferrero

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

Looking back, Ferrero's total emissions were approximately 7.88 billion kg CO2e in 2023, 7.75 billion kg CO2e in 2022, and 7.01 billion kg CO2e in 2021. In 2017, total emissions were about 6.44 billion kg CO2e, decreasing from approximately 5.72 billion kg CO2e in 2016 and 2015.

Ferrero has set ambitious climate commitments, with Science Based Targets initiative (SBTi) approved targets cascaded from its parent company, Ferrero International S.A. Ferrero 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 within the same timeframe. These near-term targets are classified as consistent with keeping warming to 1.5°C. The company is also working towards the use of low-carbon alternative fuels and increasing locally produced renewable energy to reduce Scope 1 emissions. Earlier targets included a 40% reduction in Scope 1 and 2 CO2e emissions from production processes by 2020, compared to a 2007 baseline.