Mars Aims to Cut Carbon in Half by 2030 Across Full Value Chain

Mars has published an open-source action plan – its Net Zero Roadmap – to accelerate action towards achieving Net Zero emissions, including a new target to cut carbon in half by 2030 across its full value chain. 

The company peaked emissions in 2018, and has reduced GHGs in absolute terms by 8% or 2.6 million metric tons against a 2015 baseline, while growing the business 60% during that time. As part of the action plan, Mars will invest over USD1bn over the next three years and continue to commit financial resources as needed until Net Zero is achieved. From the farms where food is grown for people and pets to the veterinary clinics where our pets are cared for, Mars is taking immediate action to reduce GHG emissions across its businesses to help build a better, more sustainable future for all. Net Zero refers to a state when greenhouse gases are significantly reduced while ensuring that any other emissions that can’t be eliminated are balanced by removals.

The roadmap comes after recent findings by the UN-backed Intergovernmental Panel on Climate Change (IPCC) that it is “now or never” to take drastic action on climate change to avoid “disaster.”

It comes as a major new Ipsos survey, commissioned by Mars, found that despite current difficult economic circumstances, on average 69% of adults across the world’s seven largest economies think businesses should focus the same amount (32%) or more (37%) on tackling climate change rather than economic challenges. The research involved 14,468 people in the USA, UK, China, Japan, Germany, France, and India.  

Poul Weihrauch, Mars CEO said:”Companies must be judged – Mars included – on the actual results we deliver against our climate plans, not just the scale of the commitment we make – just as we are judged by our boards and investors on the delivery of financial results, not the quality of our financial forecasts.”

To achieve Net Zero, Mars will accelerate its focus on:

Transitioning to 100% renewable energy – by changing how it powers its factories, offices and veterinary hospitals, addressing energy used by farmers, how it sources ingredients, and even the energy used by customers (retailers) and by consumers and pet owners at home.

Redesigning its supply chains to stop deforestation – by enhancing transparency and traceability of key ingredients such as cocoa, soy, and beef.

Scaling up initiatives in climate smart agriculture – by working with farmers on regenerative agriculture, optimizing sourcing, and switching to renewables.

Optimizing recipes – developing new lower GHG-footprint ingredients for snacks and human-food dishes, as well as alternative proteins for pet food. 

Improving and optimizing logistics – redesigning networks, the type of transport Mars relies on and the energy sources used, e.g., electrification of vehicles or potential green hydrogen.

Embedding climate action in the business – embedding climate reductions into its governance and business planning, including it as a shareholder objective, in variable remuneration plans of senior executives, in investment planning processes, in its merger and acquisition strategy, etc.

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