Monday
September 25
2017

‘We’re trying to go all in’: Chocolate giant Mars pledges $1 billion to fight climate change

The chocolate giant Mars is promising to spend close to $1 billion over the next few years fighting climate change.

The $35 billion food giant behind brands like M&Ms, Skittles, and Twix on Wednesday launched its “Sustainability in a Generation” plan, aiming to reduce the carbon footprint of its business and supply chain by more than 60% by 2050.

“We’ve been increasingly worried about overall progress on the big issues, whether that’s climate change or solving poverty,” Barry Parkin, Mars’ chief sustainability officer, told Business Insider. “There are obviously commitments the world is leaning into but, frankly, we don’t think we’re getting there fast enough collectively. We’re trying to go all in here.”

Photo courtesy of Christopher Michel.

Source: Business Insider (link opens in a new window)

Categories
Environment, Investing
Tags
climate change, impact investing, sustainability