What is the story about?
What's Happening?
Mars has signed power purchase agreements (PPAs) with Enel North America to develop renewable energy projects aimed at decarbonizing its supply chain. These agreements are the largest transaction Enel North America has made with a global customer and the biggest contract Mars has signed to date. The contracts are expected to generate 1.8 TWh of clean energy annually, helping Mars avoid around 700 kilotonnes of carbon dioxide emissions per year.
Why It's Important?
The partnership between Mars and Enel North America is a significant move towards sustainability, enhancing energy resilience for Mars and its suppliers. It supports Mars' Renewable Acceleration program, which aims to shift from fossil fuels to clean energy across its entire supply chain. This initiative is expected to cut around 3 million tonnes of carbon emissions by 2030, contributing to Mars' goal of reducing its total carbon footprint.
What's Next?
Mars plans to continue leveraging renewable energy to power its operations, including farms, delivery trucks, and consumer energy use. The company aims to meet its electricity needs through the renewables market, accelerating its transition to clean energy. The success of this initiative could inspire other companies to adopt similar strategies for sustainability.
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