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Mars, a global confectionery and pet care leader, unveils its "Mars Net Zero Roadmap." With an ambitious plan to achieve zero emissions, Mars solidifies its commitment with a $1 billion investment.
This visionary roadmap sets a new target to slash emissions by 50% by 2030, taking 2015 as the baseline while laying out a clear path to achieve net zero by 2050.
Mars has already made significant strides in reducing GHG emissions, with an impressive 8% reduction (equivalent to 2.6 million metric tons) against the 2015 baseline, even as the company has grown its business by a remarkable 60% during the same period.
To support its ambitious goals, Mars pledges to invest over $1 billion in the next three years, further reinforcing its commitment towards achieving net zero emissions. This commitment is aligned with the latest Ipsos survey sponsored by Mars, which reveals that an overwhelming 69% of adults across the world's seven largest economies believe that businesses should focus on addressing climate change as much as if not more than, economic challenges.
The survey, involving 14,468 respondents from the USA, UK, China, Japan, Germany, France, and India, also underscores the rising expectation placed on multinational businesses and governments to take decisive action on climate change, with nearly half of respondents believing that these entities have a crucial role to play in driving positive change.
Mars CEO Poul Weihrauch emphasized the urgency of investments in climate initiatives, stating that investment in emissions reductions is sound business policy. It is achievable, affordable, and it is necessary. For Mars, this commitment entails an accelerated transition to 100% renewable energy, supply chain redesigns to combat deforestation, expanded efforts in climate-smart agriculture, recipe optimization, logistics improvements, and embedding climate action into every aspect of their operations.
Weihrauch stressed that the success of climate plans should be measured by tangible results, just as financial forecasts are scrutinized, and expressed Mars' unwavering dedication to delivering on their commitments.
Photo: Three-shots/Pixabay
