Sustainability Report FY 2021

34 We respect our history through sustainable innovation We manage as if we were guardians We preserve value through regeneration We grow by sharing Methodological notes Annex Implementing the principles of the European Commission’s Farm to Fork Strategy The Farm to Fork Strategy is at the center of the wider European Green Deal, which was presen- ted by the European Commission in December 2019. It aims to make Europe the first continent to become climate-neutral by 2050, promoting a strategy of sustainable and inclusive growth to re-launch the economy, improve the health and quality of life for people, and strengthen the care for nature. The strategy tackles the challenges faced by achieving sustainable food systems in a global way with a ten-year plan, recognizing the inse- parable ties between healthy people, a healthy society and a healthy planet. The initiatives of the strategy are a central element of the Com- mission’s Agenda to achieve the UN’s Sustainable Development Goals 4 . Globally, it is estimated that food and farming systems in line with the SDGs would guarantee healthy food at accessible prices for the growing world population, help to restore vital ecosy- stems and could even create new economic va- lue exceeding 1,800 billion Euro by 2030 5 . The European Union has set out some principal goals to implement the Farm to Fork strategy, hence reducing the environmental and climatic impact of the food system, ensuring food secu- rity in relation to climate change and the loss of biodiversity, with the ultimate goal of starting a global transition toward competitive sustainabi- lity from the producer to the consumer. The goals of the strategy: • To guarantee sustainable food production; • To guarantee food security; • To encourage sustainable practices in the food processing sectors, from wholesale to retail, hotels and catering services; • To promote sustainable food consumption and facilitate the shift toward healthy and sustai- nable diets; • To reduce food waste and loss; • To combat food fraud in the supply chain. Among the key goals by 2030, several are also as- sociated with the Biodiversity Strategy promo- ted by the European Commission in May 2021, including: • -50% use of chemical pesticides; • +25% of agricultural land in areas for organic farming; • -50% loss in nutrients, at the same time gua- ranteeing that soil fertility does not deteriora- te, reducing the use of fertilizers by 20%; • -50% of total EU sales of antimicrobics for rea- red animals and antibiotics for aquaculture. We have incorporated the Farm to Form guide- lines in our strategy also in relation to the Su- stainable Development Goals identified as being priorities. In FY 2021, the main aspects on which we worked were biodiversity, organic conver- sion and corporate governance. For more in- formation, see the Chapters “We preserve value through regeneration” and “We manage as if we were guardians”. ENVIRONMENTAL SUSTAINABILITY 4 Commission communication to the European Parliament, Council, Economic and Social Committee, and the Committee of the Regions. 5 Business & Sustainable Development Commission (2017), Better business, better world.

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