November 27, 2017 Read More →

Mars Inc., Maker of M&M’s, Skittles, and Snickers, Is Investing Heavily in Renewables

Virginia Public Radio:

More companies are talking about climate change, but Mars, which is based in McLean, Virginia, is putting a big pile of money behind that talk — $1 billion toward cutting its greenhouse gas pollution by two-thirds by the year 2050.  

Barry Parkin, Mars’ chief sustainability officer said the move is definitely about investing in a healthier planet. But it’s also about investing in the company itself.  

“Using less energy in your factories just saves you money,” said Parkin. “The world has reached a tipping point on renewable energy where it’s actually cheaper now in many countries than fossil fuel energy. So, it’s just good business.”

Mars has invested in a Texas wind farm the size of Paris and is now using, or purchasing, enough renewable electricity to run all of its factories in the US, the UK, Brazil, Belgium and Lithuania. The company has committed to making its roughly 150 factories worldwide carbon neutral by the year 2040.

“We’re sort of marching around the world making our plants more efficient,” said Parkin.

Mindy Lubber, the CEO of Ceres, called it “wildly impressive.”

Lubber agrees that the private sector must do more, but is encouraged by the growing number of companies taking climate change seriously, like Mars.

“Mars has stood up before it was popular to say acting on climate change is not only an important imperative for our kids’ future, but it’s a business imperative,” says Lubber. “They set goals, and they work to meet them.”

More: The world’s largest candy maker is betting a billion dollars on the planet

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