Many companies in the U.S. are moving ahead with plans to cut greenhouse gas emission and meet their individual climate change targets.
As a means to achieve its green house gas emissions target and other sustainability issues, candy manufacturer Mars Inc, is set to address these issues across its supply chain.
U.S. companies, including Apple Inc, Walmart Stores Inc, Mars and others have committed to curbing climate change despite change of sentiments on the issue in the U.S. Administration. Many U.S. companies, such as General Mills and Home Depot Inc have now majorly invested in renewable energy sources, including wind and Solar.
Based out of McLean, Virginia, Mars plans on spending $1 billion on achieving its sustainability goals beyond previously announced targets to cut its own greenhouse gas emissions by 40% by 2020 from its 2007 levels.
“We expect to have a competitive advantage from a more resource efficient supply chain,” said Grant F. Reid, Mars’ Chief Executive, in a statement.
The company plans on cutting its carbon footprint, across its supply chain, by 67% by 2050.
According to Andy Pharoah, Vice President of Corporate Affairs at Mars, the company has been sequencing genomes for crops such as cocoa to make the plants more productive; it has also begun conversing with suppliers including mint oil manufacturers on potentially transitioning to renewable energy.
Mars already uses renewable energy sources to power its operations in the UK and in the U.S.
The company is also targeting at reducing poverty levels in the production of some of its core crops, including mint and cocoa; it has also taken initiatives to mitigate human rights violations in its cocoa, palm oil, and fish plants.
“Forced labor has no place in our supply chain, so we are very focused on making progress against that,” said Pharoah. “There’s a whole range of activities on that. That starts with being open and transparent and calling it out.”