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Here's an article on Food and Drink Business about Mars' Roadmap for Decarbonization.
According to the article:
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Mars commits to halve its carbon emissions by 2030 and achieve net-zero emissions by 2050, with plans to invest $1 billion to further progress over the next 3 years.
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Key initiatives include transitioning to 100% renewable energy, redesigning supply chains to prevent deforestation, scaling up climate-smart agriculture, optimizing product recipes, improving logistics with electric or hydrogen-powered vehicles, and embedding climate action into its business strategy.
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Mars estimates the cost to achieve a 50% emissions reduction at approximately 1% of its annual sales, positioning sustainability as a core business strategy.
Here are some other examples of similar steps being taken by companies in the same sector:
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Danone allocated €2 billion to transition to regenerative agriculture practices that sequester carbon.
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GEA and Unilever collaborate to decrease greenhouse gas emissions (GHG) in dairy farming through the installation of GEA's innovative manure enricher solution ProManure E2950.
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Walmart joined the U.S. Dairy Net Zero Initiative to support dairy farmers in adopting technologies and practices to reach net zero emissions by 2050.
