Mars to Spend $1 Billion on Climate Action
Mars, Incorporated, the world’s largest candymaker, made headlines in September with their $1 billion pledge to fight climate change. The money will go to renewable energy for their supply chain, projects that fight deforestation, support for small-scale farmers, and more efficient farming and shipping, among other big investments.
In the corporate sector, Mars is one of the major leaders on this climate change, and EarthShare member nonprofits have been there from the beginning to advance their sustainability goals.
Mars was already thinking about sustainability in the late 1990s when it began working with the Rainforest Alliance to figure out how to support small farmers and the tropical forests its ingredients are grown in. In 2009, management announced their entire cocoa supply would be Rainforest Alliance certified by 2020.
Mars also realized climate change was putting its business at risk. Growing regions have gotten hotter and drier, making it harder to grow ingredients like cocoa, peanuts, and coffee. So Mars decided to power their operations with 100% renewable energy, and join the Ceres BICEP Network, a group of businesses that advocate for stronger climate and energy policies.
Mars also worked with experts at another EarthShare member, World Resources Institute (WRI), to analyze their carbon footprint and develop sustainability targets. These targets take into account the latest science on the global carbon budget, water stress and other ecological limits.
“We take our responsibility for our products and the supply chain behind them seriously,” said Kevin Rabinovitch, global sustainability director at Mars. “For us that means understanding the science not only behind those impacts, but behind the limits we must all learn to operate within.”
More and more American companies are following Mars’ lead, knowing that climate action is good for the economy and planet.
If you want your company to take strong action, download the Power Forward 3.0 report to learn how companies are increasing their clean energy efforts while improving their bottom lines. And If you’re a corporate sustainability professional, contact JP Leous at WRI to learn how their experts can assist companies with science-based environmental target setting.