Ferrero Palm Oil Charter

Ferrero believes it has a significant role to play in leading the sustainable transformation of the palm oil sector, for the benefit of the environment and of the communities living and working in palm oil-producing countries.
We have been members of the Roundtable on Sustainable Palm Oil (RSPO) since 2005. Through a robust, public, time-bound implementation plan, we have worked extensively with our suppliers to deploy a global, responsible, palm oil procurement policy which requires the sourcing of palm oil that is traceable according to the RSPO segregated supply chain. We are on track to achieving 100% traceable segregated, RSPO-certified palm oil by the end of 2014, nearly one year ahead of our original schedule.

Yet Ferrero’s responsibility does not stop at certification, which is just the first step in meeting our employees’ and consumers’ expectations.

Within this framework, we choose to strengthen our commitment to responsible palm oil sourcing through the Ferrero Palm Oil Charter in order to address the leading causes of deforestation and to create the optimal balance between the conservation of the environment, community needs, economic benefit and viability.

We are committed to making sure that our palm oil suppliers:
1. Provide fully traceable oil while including smallholder farmers.
2. Do not clear high carbon stock forests.
3. Do not use fire to clear land.
4. Do not plant on peat soils.
5. Protect orangutans and other endangered species by maintaining high conservation value areas.
6. Report on the greenhouse gas emissions of their production.
7. Respect human rights, including the right to free, prior, and informed consent of indigenous and local communities.
8. Recognize, respect and strengthen the rights of workers.
9. Do not use paraquat.
10. Actively fight corruption.

How will we implement this commitment?
Ferrero has agreed with its suppliers to meet the targets of this Palm Oil Charter, and will support them in its implementation. We will work with our NGO partners, including TFT- The Forest Trust- to assess our suppliers, monitor progress in the field and publically report our performance against this Charter.

Timeline
We will engage suppliers immediately to ensure they meet the Charter principles by the end of 2015 if not sooner. Many of them are already implementing these principles in their production.

Reporting
We will report transparently and publically on progress every six months.
Please follow the link for the latest update.

Visit also
www.tft-forests.org

Read more:
FAQs Palm Oil