Mars makes net-zero moonshot

Mars has announced an accelerated commitment to net-zero across its full value chain by 2050.

Mars is focusing on absolute emissions reductions across its entire GHG footprint, including all scope 3 emissions (as defined by SBTi) such as indirect emissions. This includes emissions from agriculture and suppliers, through to consumers.

The announcement accelerates the existing long-term goals Mars set to reducing absolute emissions from its entire business footprint, eliminating deforestation from its supply chain, and transitioning to fully renewable energy.

In addition, the company says that its executive pay will be strongly linked to climate action and the 20,000 suppliers in the Mars value chain are being challenged to step up and set their own commitments.

Mars CEO Grant Reid said: “To deliver meaningful impact and ensure it is fit for purpose, our net-zero target covers our entire GHG footprint, from how we source materials through to how consumers use our products and, we’re mobilising our entire business around taking action now and hitting interim targets every five years. We need to overhaul the supply chains which power global business and put an end to deforestation and the conversion of natural ecosystems to drive meaningful change now.”

The announcement builds on the company’s existing Sustainable in a Generation Plan, advancing its previous pledge to cut emissions in its full value chain by 67 per cent by 2050 and reaffirming an ambitious near-term target to cut GHGs in its full value chain by 27 per cent by 2025.

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