How the World's Largest Chocolate Maker Is Spending $1 Billion to Fight Climate Change
- csrice8
- Jun 7, 2018
- 1 min read
Mars, the maker of its namesake chocolate bar and Wrigley’s chewing gum, is spending $1 billion on sustainability with a strategy to make greener practices increase profits.
“There is a very concrete business case to this,” Barry Parkin, chief procurement and sustainability officer at Mars, said in a phone interview. “We’re going to get a payback on that billion several times over.”
The company is closely held by the founding Mars family and generated $35 billion in revenues in 2016. It has about 85,000 employees and does a lot more than just candy. Its five businesses span food products such as Uncle Ben’s rice, drinks, petcare, as well as a division that researches nutrients in cocoa known as flavanols.
photo credit: Zeeyolq Photography
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