What value can you get from Ferrero's sustainability strategy?
Ferrero is a global confectionery company that is committed to sustainability and responsible business practices. By understanding Ferrero's sustainability strategy, organizations can learn from the company's approach to sustainability and potentially adopt similar practices to promote sustainability in their own operations.
What's included in the Ferrero sustainability strategy template?
- 4x Ferrero Focus Areas
- 6x Ferrero Objectives
- 15x Ferrero Projects
- 12x Ferrero KPIs
Who is the Ferrero sustainability strategy template for?
The Ferrero sustainability strategy template is for organizational leaders and teams who are interested in incorporating sustainability into their operations. The template can be used as a guide to help organizations craft their own sustainability strategy and understand how to approach sustainability inpired by Ferrero's approach.
How is the Ferrero sustainability strategy template relevant to your organization?
The Ferrero sustainability template can be relevant for organizational leaders and teams in a number of ways. By understanding Ferrero's approach to sustainability, organizations can gain insights into how to incorporate sustainability into their operations and align with Ferrero's sustainability goals. This can be particularly useful for organizations that are looking to adopt best practices in sustainability or that are seeking to learn from leading companies in the industry.
1. Define clear examples of your focus areas
Focus areas are broad categories used to group problems or challenging areas within your organization. Creating focus areas helps guide your organization on what areas are a priority to work towards.
An example of a focus area within the Ferrero sustainability strategy template is: Protecting the environment.
2. Think about the objectives that could fall under that focus area
A strategic objective usually has to be specific and measurable to cause enough impact and effectively explain what you want to achieve.
An example of an objective within the focus area 'Protecting the environment' within the Ferrero sustainability strategy template is: Reduce our carbon footprint by reducing greenhouse gas (GHG) emissions.
3. Set measurable targets (KPIs) to tackle the objective
A KPI is a key performance indicator that is measurable and evaluates the success rate of an organization in relation to the task at hand. KPIs can be very industry-specific or broad and applicable across multiple industries.
An example of a KPI for the objective ‘Reduce our carbon footprint by reducing greenhouse gas (GHG) emissions’ in the Ferrero sustainability strategy template is: Reduce Scope 1 and 2 emissions by 50% from a 2018 base year.
4. Implement related projects to achieve the KPIs
Projects are ways in which the objective can be achieved, but more so, closely tie in with ways in which organizations can make sure they are working towards their KPIs.
An examples of a project within the Ferrero sustainability strategy template is: Increase the amount of renewable electricity our factories buy through green certification mechanisms and Power Purchase Agreements (PPAs).
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