Energy Efficiency, GHG Emissions, Industrial - July 24, 2024
Mars Lowers Emissions by 16%
Mars, a snacks and pet care products and veterinary services manufacturer, continued to decouple carbon emissions from business growth by lowering absolute GHG emissions in the full value chain by 16% since 2015.
The company registered a record 8% GHG emissions reduction against its 2015 baseline across its full value chain in 2023 alone. Since 2015, GHG emissions in the company's value chain have been reduced by 16%, or 5.7 million metric tons, while growing the business more than 60% to over $50 billion.
The absolute GHG reductions of 5.7 million metric tons cover Mars' entire Scope 1, 2 and 3 value chain, and the company remains on track to deliver a 50% GHG reduction for its value chain by the end of 2030.
"Last year, we published our Net Zero Roadmap promising to accelerate our carbon reductions, and with this year's results, we are delivering on our business strategy to continue to grow while reducing our carbon emissions,” said Poul Weihrauch, Mars CEO, in a statement. “We still have a long way to go, but we will continue to follow the science and show how a responsible business can both do well and do good."
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