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Mars has published its Net Zero Roadmap, which details steps the company will take in its efforts to cut its carbon emissions in half by 2030 from a 2015 baseline and achieve net zero greenhouse gas (GHG) emissions across its full value chain by 2050. To help meet its goals, the company will invest $1 billion over the next three years.
The roadmap was created in response to an Ipsos survey that found on average 69% of adults across the world’s seven largest economies think businesses’ focus on tackling climate change should be equal to or greater than tackling economic challenges, as well as the recent release of the UN-backed Intergovernmental Panel on Climate Change’s findings that it is “now or never” to take action on climate change to avoid a global disaster.
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To achieve Net Zero, Mars will:
- Transition to 100% renewable energy by changing how it powers its factories, offices, and veterinary hospitals, and addressing energy used by farmers, how it sources ingredients, and the energy used by retailers
- Redesign its supply chains to stop deforestation by enhancing the transparency and traceability of key ingredients
- Scale up initiatives in climate-smart agriculture by working with farmers on regenerative agriculture, optimizing sourcing, and switching to renewables
- Optimize recipes by developing lower GHG-footprint ingredients for snacks and human-food dishes, as well as alternative proteins for pet food
- Optimize logistics by redesigning networks, the type of transport Mars relies on, and the energy sources used
- Focus on climate action in its business by including it as a shareholder objective and in variable remuneration plans of senior executives, investment planning processes, its merger and acquisition strategy, and more