Mars pledges $1 billion to fight climate change over the next few years

Hopefully other big companies will follow suit.

  • · 1436 Views 
  • · Posted 2 months Ago
  •  BY Jack Lowe

Chocolate manufacturer Mars has pledged to spend almost $1 billion over the next few years in an effort to reduce its carbon footprint by as much as 60% by 2050, as well as promoting and investing in sustainable farming.

Mars utilises close to 1 million farmers worldwide, so as well as caring about the environment on a societal level, the company also cares on a business level. Something that they're quite open about.

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"We're a food business, which is based on agriculture so we care a lot about the farmers who supply us around the world," said Barry Parkin, Mars' chief sustainability officer, when speaking to Business Insider. "Climate science says many of those are going to be challenged as the world gets warmer. We care about this both on a societal level but also on a business level."

"We've been increasingly worried about overall progress on the big issues, whether that's climate change or solving poverty," he added. "There are obviously commitments the world is leaning into but, frankly, we don't think we're getting there fast enough collectively. We're trying to go all in here."

Last year the company had revenues of close to $35 billion thanks to brands like M&Ms, Skittles, and Twix, but it's well aware that sitting back on its cash and not reinvesting it in the future could lead to "the planet warming, more extreme weather events, and that causing significant challenges and hardships in specific places around the world, whether that's oceans rising or crops not growing successfully."

"It's time for companies to accelerate their game and work together, and work together with governments and civil society. This is a world issue and it requires all actors to work together […] We care about our business being successful over the next 100 years."

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Photo: Pixabay

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