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COINTURK FINANCE > Business > Mars Achieves 100% Renewable Energy Milestone in European Snacking Factories
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Mars Achieves 100% Renewable Energy Milestone in European Snacking Factories

Overview

  • Mars achieves 100% renewable energy use in European factories.

  • Company aims to cut carbon emissions by half by 2030.

  • Renewable energy aligns with Mars’ broader sustainability strategy.

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Mars has reached a significant sustainability achievement by transitioning all its European Snacking factories to renewable energy sources. This accomplishment highlights Mars’ commitment to environmentally responsible practices within its operations. The company has been strategically investing in renewable energy projects, underlining its dedication to reducing its carbon footprint and fostering a greener future.

Contents
What Brands are Involved?How Will Mars Cut Emissions Further?

Mars’ quest for sustainability can be traced back to its initial investment in a European wind farm in 2016. Since then, the company has shifted its confectionary production sites to operate entirely on renewable electricity. This transition combines energy conservation measures and the integration of certificate market-based instruments to cover the final requirements of the company’s energy utilization. This step reflects the broader trend across multinational corporations prioritizing sustainable energy solutions.

What Brands are Involved?

Operating ten snacking factories across Europe, Mars produces products for brands like Snickers, Twix, M&Ms, and Skittles. These factories are situated in countries including the Czech Republic, France, Germany, the Netherlands, Poland, and the UK. The transition to renewable energy across these locations exemplifies the company’s expansive efforts to reduce its environmental impact.

How Will Mars Cut Emissions Further?

With the ambitious 2023 goal to halve carbon emissions throughout its value chain by 2030, Mars plans to expand its use of renewable energy. The company also aims to redesign supply chains to prevent deforestation, collaborate with farmers on regenerative agriculture projects, and optimize logistics. Earlier efforts to propagate renewable energy usage demonstrate Mars’ expanding environmental strategy.

Marc Carena, Regional President for Mars Wrigley, highlighted the company’s pragmatic approach, stating:

“At Mars, we believe that the world we want tomorrow starts with how we do business today. Therefore, we measure our success not only by financial results, but also by the positive impact we have on people, the planet, and society.”

Carena further emphasized the rational business alignment with sustainability, noting:

“Sustainability makes good business sense and is at the heart of our strategy, and we are committed to making a meaningful difference ensuring that today’s actions create lasting benefits for future generations.”

The initiatives by Mars reflect a growing awareness and effort among corporations to take responsibility for their environmental impact. With an understanding of how business practices contribute to a broader ecological footprint, Mars illustrates that sustainable practices can coincide with operational goals. As the company continues to pursue its sustainability objectives, it could serve as a reference point for others in the industry.

The renewable energy milestone achieved by Mars showcases the tangible outcomes of the company’s strategic planning in sustainability. By ensuring all its European Snacking sites operate on renewable sources, Mars sets a benchmark for others in similar industries. This move may also inspire further advancements in energy efficiency and sustainability innovations.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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