Potential offtaker

Mars, Inc.

www.mars.com

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Which other companies from United States of America are actively involved in decarbonization initiatives?
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  • Mars, Inc. is a global food company that operates in the packaged food sector. The company was founded in 1911 by Frank C. Mars and is headquartered in McLean, Virginia, United States. Mars, Inc. is a family-owned business and has been in the Mars family for four generations. The company operates in more than 80 countries and has over 125,000 employees worldwide.

    Mars, Inc. is committed to sustainability and has set ambitious goals to reduce its environmental impact. The company has a goal to reduce its greenhouse gas emissions by 67% by 2050 and to achieve 100% renewable energy in its operations by 2040. To achieve these goals, Mars, Inc. has implemented various initiatives such as decarbonisation, corporate energy, corporate power purchase agreements (PPAs), and renewable energy.

    Decarbonisation is the process of reducing carbon emissions in the atmosphere. Mars, Inc. has implemented decarbonisation initiatives in its operations to reduce its carbon footprint. The company has set a target to reduce its greenhouse gas emissions by 27% by 2025 and 67% by 2050. To achieve this target, Mars, Inc. has implemented various initiatives such as reducing energy consumption, improving energy efficiency, and using renewable energy sources.

    Corporate energy refers to the energy used by a company in its operations. Mars, Inc. has implemented various initiatives to reduce its energy consumption and improve energy efficiency. The company has set a target to reduce its energy consumption by 10% by 2020. To achieve this target, Mars, Inc. has implemented various initiatives such as installing energy-efficient lighting and equipment, using renewable energy sources, and improving its supply chain efficiency.

    Corporate power purchase agreements (PPAs) are agreements between a company and a renewable energy provider to purchase renewable energy. Mars, Inc. has signed several corporate PPAs to achieve its goal of 100% renewable energy in its operations by 2040. In 2019, Mars, Inc. signed a 20-year PPA with Enel Green Power North America to purchase energy from a wind farm in Texas. This PPA will provide Mars, Inc. with renewable energy to power its operations in the United States.

    Renewable energy refers to energy sources that are replenished naturally, such as solar, wind, and hydro power. Mars, Inc. has set a goal to achieve 100% renewable energy in its operations by 2040. To achieve this goal, the company has implemented various initiatives such as installing solar panels on its facilities, signing corporate PPAs with renewable energy providers, and using renewable energy sources in its supply chain.

    Mars, Inc. has also implemented various initiatives to reduce waste and improve its supply chain sustainability. The company has set a target to reduce its waste by 50% by 2025 and to achieve zero waste to landfill by 2040. To achieve these targets, Mars, Inc. has implemented various initiatives such as reducing packaging waste, improving its supply chain efficiency, and implementing sustainable sourcing practices.

    Mars, Inc. is also committed to improving the lives of farmers and communities in its supply chain. The company has implemented various initiatives to support smallholder farmers and improve their livelihoods. Mars, Inc. has set a target to source 100% of its cocoa, palm oil, and fish from sustainable sources by 2020. The company has also implemented various initiatives to support communities in its supply chain, such as providing access to education and healthcare.

    In conclusion, Mars, Inc. is a global food company that operates in the packaged food sector. The company is committed to sustainability and has set ambitious goals to reduce its environmental impact. Mars, Inc. has implemented various initiatives such as decarbonisation, corporate energy, corporate PPAs, and renewable energy to achieve its sustainability goals. The company is also committed to improving the lives of farmers and communities in its supply chain. Mars, Inc. is a leader in sustainability in the food industry and is setting an example for other companies to follow.

    ✓ Current offtaker under Corporate PPA's
    ✓ Re100 member
    ✓ Science Based Targets member