The WWF Palm Oil Buyers Scorecard 2020 has ranked Ferrero number one, recognising the consumer goods manufacturer as the most sustainable in the industry for its palm oil supply chain.
The Scorecard evaluates companies for the support of is sustainable palm oil, with Ferrero taking the top spot out of 173 global retailers, consumer goods manufacturers and food service companies. The company scored 21.5 out of 22.
“Only one company, the consumer goods manufacturer Ferrero, has scored over 20 points (out of the maximum 22), sending an encouraging signal to the rest of the industry that sustainable and deforestation-free palm oil is achievable,” said WWF in a statement.
Ferrero has invested in the sustainability of its palm oil supply chain since 2005, making progress in areas such as traceability, as well as being one of the first companies to be certified with 100 per cent segregated palm oil.
The company says it will continue to invest in the area, including its commitment to securing a 100 per cent deforestation-free, and exploitation-free palm oil supply chain to “lead the way in industry transformation through active collaboration with NGOs, key stakeholders and suppliers”.