Mars is going to be spending $1 billion on a new program called “Sustainability in a Generation.” Over the next couple years, the candy company famous for making Snickers and M&Ms will be aggressively reducing their carbon footprint. They hope that the moves will provide a strong indication that giant corporations have to work together to thwart climate change.
The $1 billion investment will cover a lot of ground as their goal is to reduce the carbon footprint by two-thirds of where it is today. According to Mars’ official website, they’ve already seen a one-fourth reduction since 2016 and will be eliminating 100 percent of their greenhouse gas emissions by 2040. Ultimately, the company’s goal is to only source their products from where it makes sense and have enforced strong deforestation policies.
In terms of renewable energy, Mars already has multiple factories that are powered by wind farms. That portfolio will upgrade from the Brazil, the United States and United Kingdom, extending into 11 different countries. The expected countries that are seeing a renewable push, like Australia and China, are on the list.