Mars embarks on new initiative to reduce GHG emissions across value chain

By Patrick Miller |

Mars, Incorporated, has declared that it has a new mission in mind. The company has strengthened its commitment to accomplish a state of net zero GHG emissions spanning its overall value chain, by the year 2050. Mars’ mission aligns with the prestigious Paris Agreement, one of the most ambitious climate change action plans, that aims to limit global temperature rises up until 1.5 °C.

Grant F. Reid, Chief Executive Officer, Mars, has some real-time insights into the present climate change situation. He has been quoted to state that faster initiatives must be taken at this point of time, since climate change is already well on its way to affecting people and to eliminate this threat, net zero targets must be implemented seamlessly, across whole distribution networks and the results must be depicted soon enough, instead of having to waiting for ages.

Reid acknowledges the fact that a lot of loopholes exist in some net zero commitments that reduce their credibility and at large, the climate action movement. In order to mitigate inaction and delays, Mars’ net zero target aims to cover its overall GHG footprint – right from material sourcing to the way consumers use its products.

For the unversed, Mars has been a champion of climate change action since more than a decade – back in 2009, the company set a target to accomplish net zero GHG in direct operations by 2040. The latest announcement builds on its current Sustainable in a Generation Plan that expands the scope of its previous pledge to reduce emissions in its value chain by an amount of 67% by 2050.

Since 2015, the company has already cut emissions in its value chain by 7.3% and in direct operations, it has lowered emissions by 31%; presently, it is on its way to achieve its interim 2025 target, which includes a 42% emission reduction.

For the record, Royal Canin, the company's largest brand, is well-known in the pet health and nutrition space. The company expects to follow a carbon neutral path and achieve net zero emissions across its value chain by 2025. As per reports, its first product line certified carbon neutral is likely to be rolled out in 2022.



Source Credits:

https://markets.businessinsider.com/news/stocks/mars-pledges-fresh-climate-action-to-achieve-net-zero-emissions-across-full-value-chain-1030842307

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