The Ferrero Group has announced a commitment to make all its packaging 100 per cent reusable, recyclable or compostable by 2025.
In its tenth corporate social responsibility report, the company said it represented a focus on minimising the company’s environmental impact – through raw materials, production and logistics – along its entire value chain.
Ferrero has signed the Ellen MacArthur Foundation's New Plastics Economy Global Commitment, which has the vision of a circular economy for plastics where no plastics become waste.
Ferrero Group executive chairman Giovanni Ferrero said: “Ferrero has always taken a responsible approach to delivering high-quality product experiences that positively contribute to both today and tomorrow’s society. This belief continues to drive us towards a responsible value chain by sourcing sustainably, producing sustainably and now by further strengthening our commitment to more sustainable packaging.”
Signing up to the New Plastics commitment will support the company’s acceleration to a circular economy, he said.
Ferrero will invest more in R&D and its Open Innovation departments to eliminate unnecessary plastic packaging, maximise the use of recycled materials and test new compostable packaging material with a focus on marine compostable solutions.
For plant waste recycling, it will partner with recyclers, national waste management systems and non-food companies and explore uses for difficult to recycle packaging materials.