How one of world’s largest food companies is rethinking supply chains

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Feb 16, 2024

Mars, one of the largest food companies, is rethinking supply chains for sustainability and tackling greenhouse gas emissions. They discuss challenges in achieving net zero emissions, addressing deforestation, and ensuring fair wages. The location of raw material sourcing and the evolution of Mars' approach to nature and biodiversity are also explored. They emphasize driving accountability and using science to achieve greenhouse gas reduction.

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Introduction

00:00 • 2min

Redesigning Supply Chains for Sustainability

01:41 • 17min

Location and Future Considerations for Raw Material Supply Chains

18:16 • 2min

Evolution of Mars' Approach to Nature and Biodiversity

20:07 • 4min

Driving Accountability and Achieving Net Zero Emissions

24:01 • 4min

In this episode of the ESG Insider podcast, we sit down with Mars, one of the largest food and confectionary companies in the world, on the sidelines of the GreenBiz conference in Phoenix.

Kevin Rabinovitch, Global Vice President of Sustainability & Chief Climate Officer at Mars, explains how the company is rethinking its supply chains as part of its decarbonization strategy and to address climate change and nature-related risks.

"We have supply chains that weren't designed to ... tackle things like greenhouse gas emissions or, frankly, a lot of other sustainability issues," Kevin says. "At first, we thought of it as getting a better understanding of the supply chains we operate. But over time, what we've increasingly realized is that it's probably going to be as much about designing, redesigning supply chains into ways that are easier to manage and understand."

"If we don't change what we're buying, or where we're buying it, or how we're buying it, or who we're buying it from, we're not going to make a lot of progress on our performance," Kevin adds.

Listen to our episode about how the Rockefeller Foundation partners with stakeholders around the world to finance solutions to issues like climate change and food systems transformation: https://www.spglobal.com/esg/podcasts/breaking-down-silos-seeking-innovative-financing-solutions-to-big-sustainability-challenges

GreenBiz is hosted by GreenBiz Group and S&P Global Sustainable1 is a sponsor.

This piece was published by S&P Global Sustainable1, a part of S&P Global.

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