Social initiatives completed or still in progress

The “Dedicated Social Fund” set up within the local branches of the Group participating to the Michele Ferrero Entrepreneurial Project is accrued each year with additional funding which represents a percentage of the value of the estimated annual production volumes of the plant; such funds are thus allocated regardless of whether the branch itself has generated any profit.

The “Dedicated Social Fund” is then used – on a three-year basis – for the implementation of social initiatives and projects, in collaboration with local institutional authorities.

Availing themselves of the collaboration with the Ferrero Foundation – which has developed a sizeable experience in social and philanthropic activities in support of early childhood – the social initiatives of the companies belonging to the Michele Ferrero Entrepreneurial Project aim at safeguarding the health, educational and social development of children and teenagers in the local communities where they operate.