Ferrero S.p.A. Sustainability Profile
Ferrero S.p.A., a renowned Italian confectionery company, is headquartered in Alba, Italy. Founded in 1946, Ferrero has established itself as a leader in the global chocolate and confectionery industry, with significant operations across Europe, North America, and Asia. The company is best known for its iconic products, including Nutella, Ferrero Rocher, and Kinder Chocolate, each distinguished by their unique recipes and high-quality ingredients. Over the decades, Ferrero has achieved numerous milestones, including the expansion of its product range and a commitment to sustainability. With a strong market position, Ferrero consistently ranks among the top confectionery brands worldwide, celebrated for its innovation and dedication to excellence. The company’s focus on creating memorable taste experiences continues to resonate with consumers, solidifying its status as a beloved name in the industry.
DitchCarbon Score
How does Ferrero S.p.A.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Sugar Products industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ferrero S.p.A.'s score of 30 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ferrero S.p.A.'s reported carbon emissions
In 2023, Ferrero S.p.A. reported Scope 1 emissions of approximately 20,514,350 kg CO2e. This marks a significant reduction from 2022, where emissions were about 39,131,120 kg CO2e, and from 2021, which saw emissions of around 65,665,150 kg CO2e. The company has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. Ferrero's emissions data is cascaded from its parent company, Ferrero International S.A., indicating a structured approach to sustainability within its corporate family. While there are no current SBTi (Science Based Targets initiative) reduction targets or climate pledges reported, the company is actively engaged in monitoring and reporting its emissions. Overall, Ferrero S.p.A. is making strides in managing its carbon emissions, with a clear downward trend in Scope 1 emissions over the past few years, reflecting its ongoing commitment to climate action.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 75,032,720 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | - |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is Ferrero S.p.A.'s Industry?
How Carbon Intensive is Ferrero S.p.A.'s Location?
Ferrero S.p.A.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Ferrero S.p.A. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
