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Mars Publishes "Accelerated, Affordable and Achievable" Net Zero Roadmap to Cut Emissions 50% by 2030 Across Full Value ChainMars Will Cut Carbon in Half - or by roughly 15 million metric tons - by 2030 Across Full Value Chain and Will Continue Investing in Climate Action Despite Weaker Global Economy | ||
McLean, Virginia, United States
Mars, Incorporated today released The Mars Net Zero Roadmap, a decisive action plan for achieving Net Zero greenhouse gas (GHG) emissions across its full value chain by 2050. The Mars Roadmap includes a new target reviewed by the Science Based Targets Initiative to cut emissions by 50% by 2030, from a 2015 baseline, with a pathway to Net Zero by 2050.
The company peaked emissions in 2018 and has reduced GHGs in absolute terms by 8% or 2.6 million metric tons against a 2015 baseline, while growing the business 60% during that time. As part of the action plan, Mars will invest over $1 billion over the next three years and continue to commit financial resources as needed until Net Zero is achieved. From the farms where food is grown for people and pets to the veterinary clinics where our pets are cared for, Mars is taking immediate action to reduce GHG emissions across its businesses to help build a better, more sustainable future for all. Net Zero refers to a state when greenhouse gases are significantly reduced while ensuring that any other emissions that can’t be eliminated are balanced by removals.
The roadmap comes after recent findings by the UN-backed Intergovernmental Panel on Climate Change (IPCC) that it is “now or never” to take drastic action on climate change to avoid “disaster.”
It comes as a major new Ipsos survey, commissioned by Mars, found that despite current difficult economic circumstances, on average 69% of adults across the world’s seven largest economies think businesses should focus the same amount (32%) or more (37%) on tackling climate change rather than economic challenges. The research involved 14,468 people in the USA, UK, China, Japan, Germany, France, and India. As per the Ipsos survey, nearly half of Indian adults (46%) believe multinational businesses have “a great deal” of responsibility to make changes that influence climate change. The performance of multinational businesses on actions taken in response to climate change is generally seen as positive, with 57% of Indian adults rating it as good.
To achieve Net Zero, Mars will accelerate its focus on:
Anyone interested in learning more about Mars’ Net Zero strategy and roadmap can download the document at www.mars.com/netzero2050.
For more information and full results from Ipsos, visit: www.ipsos.com/en-uk/perceptions-businesses-focus-economic-challenges-vs-climate-change.
For more information about Mars, please visit www.mars.com. Join us on Facebook, Twitter, Instagram, LinkedIn and YouTube. |
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