Monday, September 11, 2017

'We're Trying to Go All In':  Chocolate Giant Mars Pledges $1 Billion to Fight Climate Change.

  • Mars has pledged to spend $1 billion on its "Sustainability in a Generation" plan.
  • It aims to tackle climate change by reducing greenhouse-gas emissions and promoting sustainable farming.
  • Mars wants big companies around the world to follow its lead.
  • It's warning that "more extreme weather events" could cause "significant challenges and hardships" unless more action is taken.
A farmer carrying cocoa pods at a cocoa farm in Agboville, Ivory Coast. (Credit: Reuters/Luc Gnago) Click to Enlarge.
The chocolate giant Mars is promising to spend close to $1 billion over the next few years fighting climate change.

The $35 billion food giant behind brands like M&Ms, Skittles, and Twix on Wednesday launched its "Sustainability in a Generation" plan, aiming to reduce the carbon footprint of its business and supply chain by more than 60% by 2050.

"We've been increasingly worried about overall progress on the big issues, whether that's climate change or solving poverty," Barry Parkin, Mars' chief sustainability officer, told Business Insider.  "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."

The huge investment commitment comes ahead of a UN General Assembly and Climate Week in New York later this month, and the timing is meant to spur other companies around the world to make similar environmental commitments.

Read more at 'We're Trying to Go All In':  Chocolate Giant Mars Pledges $1 Billion to Fight Climate Change

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