Three Confectionery Companies Highly Ranked On WWF 2021 Palm Oil Buyers Scorecard

Cleveland — Ferrero Group, Mars, Inc. and The Hershey Co. all ranked in the top 10 on the World Wildlife Fund’s (WWF) 2021 Palm Oil Buyers Scorecard. The scorecard assesses manufacturers, retailers, food service and hospitality companies on their commitments and actions in favor of sustainable palm oil, helping to build a culture of transparency around palm oil use, with stringent criteria that measure concrete actions and progress in their journey to make the global palm oil industry more sustainable.

The 2021 edition of the WWF Palm Oil Buyers Scorecard assesses the progress and performance of 227 companies.

This year’s assessment is the most global scorecard to date, WWF reports, covering companies headquartered across five continents — Europe, North America, Asia, Africa and Australia. Palm oil buyers were selected based on their strategic significance and overall palm oil usage in key markets and
across the industry.

Ferrero was the top manufacturing company on the list and ranked 2nd overall with a score of 21.7 out of 24. The company uses 220,570 metric tonnes of palm oil annually.

Mars was number 5 on the list, with a score of 21.13, using 64,416 metric tonnes of palm oil, and Hershey ranked 9th with a score of 19.93, using 32,566 metric tonnes.

All three companies fell into the “leading the way” classification.

Ferrero, states that its initiatives are guided by three key areas outlined in its Palm Oil Charter: human rights & social practices, environmental protection & sustainability, and supplier transparency. The company is also an active member of POIG (Palm Oil Innovation Group) and HCSA (High Carbon Stock Approach).

Mario Abreu, Ferrero’s head of CSR and sustainability, says: “With the understanding that there are many complex issues to be addressed within the palm oil industry, working towards the development of a more responsible supply chain for us is a top priority, not only for palm oil, but for all our raw materials. For this reason, we are proud that WWF has once again recognized our commitments and concrete actions to help shape a better future, together.”