Fortune recently reported that Mars, the company behind chocolate brands Snickers and M&M’s, is investing $1 billion in the next few years for sustainability projects for the environment. According to the September 6 article, Mars seeks to fight climate change and address issues related to renewable energy, farms and food sourcing.
Mars has announced that it will also support projects set to build new wind and solar facilities across nine countries in 2018. The company is an industrial set up, so it also promised to reduce greenhouse gas emissions by 27 percent by 2025 and 65 percent by 2050, Fortune added.
The Paris agreement has been making headlines recently, especially with the current United States administration under President Donald Trump. Mars CEO Grant Reid told the magazine that there is less than a five percent chance that the world will achieve the goals set by the agreement.
Reid added that the worldwide supply chain “is broken” and requires revolutionary and “cross-industry-industry collaboration” to address this issue. The recent efforts by the chocolate company are inspired by this rationale. This is the primary reason why they decided to invest in sustainability campaigns against climate change.
Mars and Trump
A separate article published by Fortune indicated that Mars previously signed a letter that urged the incumbent United States president not to back out from the Paris agreement.
However, President Trump’s decisions on this matter have been previewed during his 2016 presidential campaigns.
The chocolate manufacturer has joined other multinational corporations in this effort to stop the president from backing out of the deal. Fortune reported that Apple CEO Tim Cook called the White House to urge the president to stay.
Other companies who expressed their strong stand against the probable decision by Trump include Tesla, oil giant ExxonMobil and ConocoPhillips. Tesla CEO Elon Musk suggested that he would quit from some positions in the White House advisory council should the president decides to leave the Paris agreement, the report added.
Good business
Mars, the company that produces the brand Twix, reportedly has 80,000 workers around the world, the business publication added. They also rely on farmers in many of their production phases.
Aside from the nature of the campaign, the renowned manufacturer plans to invest big money for the sustainability projects because it is “good business,” the CEO told Fortune.
Its chief sustainability officer Barry Parkin also shared some of the consequences that climate change will bring to their business should issues not be addressed well. Some of them include crops that will not grow successfully, and oceans rising.