Ferrero Group claims it has either met or exceeded over half of its 2022 targets under the Cocoa & Forests Initiative (CFI) during the 2019/20 reporting period.
the Italian confectionery company has mapped over 123,000 farms in both Ghana and Côte d’Ivoire, exceeding the 2022 target of 100,872. It has also distributed 900,000 improved cocoa plant seedlings and trained over 100,000 farmers in good agricultural practices, 30,000 more than its target.
The CFI is a partnership between the governments of Ghana and Côte d’Ivoire and leading cocoa and chocolate companies.
Ferrero will continue its activities under the CFI such as polygon mapping farms to ensure a high level of traceability, more deforestation risk assessment, agroforestry development, and helping establish village savings and loan associations.
Marco Gonçalves, chief procurement and hazelnut company officer at Ferrero, said that the company's strong progress on tracing cocoa and mapping the farms to ensure that they do not get cocoa from protected areas.
Goncalves added that it’s essential that all stakeholders deliver on commitments made to continue the positive trend that has reduced deforestation in cocoa-growing areas.
Ferrero recently announced that its cocoa is 100 percent sustainably sourced via independently managed standards such as Rainforest Alliance, Fairtrade, and others.
In addition, the company has achieved 91 percent traceability from farm to first purchase point for its directly sourced cocoa.
As part of its commitment to transparency, Ferrero also made public the farmer groups from which it sources cocoa.


SoftBank Shares Plunge 11% After OpenAI Rules Out 2026 IPO
Oil Prices Surge as Houthi Attacks Raise Saudi Supply Fears
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise
Rosenblatt Starts Nokia at Buy on AI Networking Growth
Houthis Escalate Saudi Attacks as Red Sea Oil Risks Grow
China Industrial Output Beats Forecasts as Exports Support Growth
EUR/USD Eyes 1.17 as Fed Decision Could Weigh on Dollar
Gold Prices Steady as Oil Disruptions Boost Fed Rate Hike Bets
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise
Saudi Oil Exports Face 4% Global Supply Threat as Pipeline Remains Shut
BOJ Set to Raise Rates to 1.25% as Inflation Risks Build
China Home Prices Fall Again as Property Slump Drags on Growth
Asian Stocks Fall as AI Fears and Oil Surge Hit Markets
Syngenta Files for Hong Kong IPO, Eyes $5 Billion Raise
UK Businesses Urge Government to Cut Electricity Levies
Bill Gates Warns Governments Are Unprepared for AI Disruption 



