Mars Leads Clean Energy Revolution with Innovative Strategy
Mars Partners with Clean Electricity Suppliers for Sustainable Future
Mars, Incorporated is making remarkable strides in renewable energy as it partners with Enel to enhance its sustainability efforts. This collaboration marks the onset of their Renewable Acceleration program, aiming to transition from fossil fuels to clean energy comprehensively. By establishing clean energy contracts, Mars intends to address the electricity needs of its expansive value chain.
Renewable Acceleration: A Game Changer
The Renewable Acceleration program is designed to take decisive action on carbon emissions. By utilizing renewable electricity from the farms cultivating ingredients to the supply chain that delivers products, Mars is positioning itself as a leader in sustainability. This ambitious initiative is poised to reduce carbon emissions by about 3 million tonnes, translating to approximately 10% of Mars' total carbon footprint based on 2015 levels.
Shaping Future Corporate Sustainability
Kevin Rabinovitch, Global VP of Sustainability at Mars, emphasizes the importance of this initiative, stating, “For Mars, Renewable Acceleration is not just another project but a performance accelerator that allows us to make a significant impact.” The initiative highlights the importance of a collaborative approach in the transition to clean energy, ensuring a broader engagement with stakeholders.
Expanding Renewable Energy Access
Mars currently consumes about 2 terawatt-hours (TWh) of electricity annually. However, considering the entire value chain, this figure escalates to an astonishing 8-9 TWh. By spearheading the Renewable Acceleration project, Mars is not only enhancing its sustainability efforts but is also creating a ripple effect within the industry.
Collaboration with Enel: Comprehensive Contracts
In a groundbreaking move, Mars has signed its initial contract under the Renewable Acceleration program with Enel North America, paving the way for significant procurement of renewable energy. This partnership represents the largest-ever power purchase agreement (PPA) with a commercial client globally. It is a historic moment for Mars and a significant step towards achieving its clean energy goals.
Redefining Corporate Responsibility
The three initial contracts established with Enel are projected to generate a total of 1.8 TWh each year, effectively avoiding around 700,000 tonnes of CO? emissions annually. This initiative not only showcases Mars' commitment to cleaner energy but also underpins the company's strategy to achieve energy resilience. It aligns with Mars' vision for an environmentally friendly future.
Maintaining Competitive Edge through Sustainability
With the renewable energy market evolving rapidly, Mars supports the development of innovative energy projects. Michele Di Murro, CEO of Enel North America, underscored this collaborative endeavor, stating, “Mars is raising the bar for corporate sustainability strategies.” By focusing on energy efficiency and embracing widespread access to clean energy, Mars is setting a standard for others in the industry to follow.
Broader Sustainability Strategies
The Renewable Acceleration initiative is one pillar of Mars' comprehensive sustainability approach. The company is also committed to tackling issues such as deforestation and supporting climate-smart agricultural practices. These efforts are integral to Mars' mission of sustainability not only for its operations but also for its partners and the communities it engages with.
About Mars, Incorporated
Mars, Incorporated is a family-owned business with a commitment to creating a better world through sustainable practices. With a valuation of approximately $55 billion, the company’s portfolio includes well-known brands across pet care, confectionery, and food products. These efforts are driven by the Mars Five Principles—Quality, Responsibility, Mutuality, Efficiency, and Freedom— which guide their everyday actions.
Frequently Asked Questions
What is the main goal of Mars' Renewable Acceleration program?
The main goal is to transition from fossil fuels to clean energy across Mars' full value chain and achieve a 10% reduction in carbon emissions by 2030.
Who is Mars partnering with for their clean energy initiatives?
Mars is partnering with Enel North America to implement their Renewable Acceleration program and secure renewable energy contracts.
How much electricity does Mars consume annually?
Mars uses approximately 2 TWh of electricity per year for its direct operations, which expands to 8-9 TWh when including its full value chain.
What is the impact of the contracts signed with Enel?
The contracts will generate 1.8 TWh annually, avoiding around 700,000 tonnes of CO? emissions each year.
How does Mars plan to achieve its sustainability targets?
Mars' sustainability targets will be met through collaborations, renewable energy contracts, and a commitment to eco-friendly practices across its supply chain.
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