ESG Insider: A podcast from S&P Global cover image

ESG Insider: A podcast from S&P Global

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

Feb 16, 2024
27:58
Snipd AI
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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Podcast summary created with Snipd AI

Quick takeaways

  • Mars is redesigning its supply chains to effectively tackle greenhouse gas emissions and other sustainability issues.
  • Mars recognizes the importance of better understanding and managing their supply chains to address social and procurement strategies and ensure a thriving workforce.

Deep dives

Mars's Commitment to Net Zero Emissions by 2050 and the Challenges in their Supply Chain

Kevin Rabinovich, Mars Global VP of Sustainability and Chief Climate Officer, discusses Mars's commitment to achieving net zero emissions by 2050 and the challenges they face in their supply chain. Mars aims to solve greenhouse gas emissions throughout their value chain, with only 4% of emissions coming from their own assets. The remaining 96% requires engagement with suppliers, including farms, and redesigning supply chains to tackle emissions effectively. Mars recognizes the need for better understanding and management of their supply chains to address sustainability issues. They emphasize the critical alignment between sustainability and procurement at senior levels to drive progress.

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