We're trying to go all in: Chocolate giant Mars pledges $1 billion to fight climate change
The news that chocolate bar giant Mars has pledged to spend $1 billion on its Sustainability in a Generation plan is good for the planet. Hopefully, other big companies will follow suit. The company aims to tackle climate change by reducing its greenhouse-gas emissions and promoting sustainable farming. This is a big step in the right directions, and Mars wants big companies around the world to follow its lead. The company is warning that more extreme weather events could cause significant challenges and hardships unless more actions are taken. The chocolate bar giant is promising to spend close to $1 billion over the next few years in fighting climate change. The $35 billion food giant behind such brands like M&Ms, Skittles, and Twix on Wednesday has launched its Sustainability in a Generation plan, which aims to reduce the carbon footprint of its business and its supply chain by more than 60 percent by 2050. They have been increasingly worried about overall progress on the big issues, with things like climate change and solving poverty, says Barry Parkin, the Mars' chief sustainability officer.
And hopefully, this trend is the catalyst that other companies need to do the same. The company believes in the scientific view of climate science and the need for more collective action. The huge investment commitment on how to be environmentally friendly comes ahead of the UN General Assembly and Climate Week in New York later this month, and this announcement and timing is meant to spur other companies around the world to also make similar environmental commitments. This would mean that in the future there will be more environmentally products by larger companies. Parkin also said the consequences of inaction were the planet warming and more extreme weather events in the world, which could also cause significant challenges and hardships in specific locations around the world, whether that's the oceans rising or the crops not growing successfully. As Mars is a food business, they are based on agriculture, so they care a lot about the farmers who supply their company around the world. It's towards one million farmers around the world who produce the raw materials for use in their soon to be environmentally products. Climate science also says that many of these farmers are going to be challenged shortly as the world is getting warmer and the company is stepping up and doing something about it. And the company cares about this both on a societal level but also on a business level.
Mars is saying that you have to completely change the way in which you operate your business. And with this trending news Mars' $1 billion sustainability drive will include investments in things such as renewable energy. Mars' in both the Us and the UK operations are already powered by huge wind farms that have been built over the past decade, but the company also plans to have wind-powered operations in 11 countries around the world, to include Russia, China, India and Australia, by next year. As for food sourcing, the company, which also makes pet food under the brands to include Whiskas and Pedigree, will invest money in sustainable sourcing for ingredients such as fish. Mars has set up groups such as the CocoaAction, which is an industry coalition that is aimed at making the cocoa grow more sustainably. Along with Livelihoods Fund for Family Farming, which is aimed at investing in smallholder farming across the world. Farmers
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