Mars Inc., the global confectionery and food company, has announced a $1 billion commitment to its net zero roadmap, with the goal of receiving a 50% reduction in greenhouse gas emissions throughout its value chain by 2030.
This environmental effort builds upon Mars’ performance from 2015, where the company pledged dedication to reduce its environmental impact across its operations, including cocoa and chocolate processing facilities.
Mars reported progress by reducing GHGs by 8%, equivalent to 2.6 million metric tons, while expanding its operations by 60%.
Mars has committed to investing over $1 billion in the next three years, with ongoing financial support until Net Zero status is achieved. The company is taking steps to diminish GHG emissions across its business segments, from farm to pet care clinics, aiming to contribute to a sustainable future. Net Zero denotes a state where greenhouse gas emissions are reduced, with any remaining emissions balanced by removal efforts.
This commitment aligns with the call for climate action by the UN-backed Intergovernmental Panel on Climate Change (IPCC), emphasising the need for measures to avert climate-related disasters.
Additionally, a recent Ipsos survey, commissioned by Mars, reveals a growing global sentiment in favour of environmental action.
Despite challenging economic circumstances, 69% of adults across the world’s seven largest economies believe businesses should prioritise addressing climate change as much as or more than economic challenges.
The survey, involving 14,468 participants in the USA, UK, China, Japan, Germany, France, and India, underscores the importance of sustainability in the global agenda.