Mars Invests 750m In Environment

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Mars invests 750m in environment
5th October 2017

By Karen Pickwick

Mars, parent company of Mars Petcare, has launched a new environmental sustainability program, which will include a US$1 billion (£750m)
investment in climate protection. 

The plan, labelled the Sustainable in a Generation plan, aims to tackle climate change, poverty in the value chain and a scarcity of resources, reports the CNBC news channel.

While many businesses have been working on becoming more sustainable, the current level of progress is nowhere near enough, says Mars CEO Grant Reid.
He said: “Mars has been in business for four generations and intends to be for the next four generations.

“The only way that will happen is if we do things differently to ensure that the planet is healthy and all people in our extended supply chains have the opportunity to thrive.”

A collaborative effort was needed, he argued, because the engine of global business, its supply chain, was broken.

By 2050, Mars wants to slash greenhouse gas emissions across its value chain by 67%. In addition, the business said it wanted to ‘meaningfully improve the working lives’ of one million people in its value chain by focusing on boosting income, unlocking opportunities for women and ‘respecting human rights’.

“We’re doing this because it’s the right thing to do but also because it’s good business,” he added. “We expect to have a competitive advantage from a more resource efficient supply chain, and from ensuring that everyone in our supply chain is doing well.”