#Renewable Energy #Warsaw #Poland #Mars #GoldenPeaks

Mars Signs a Landmark Renewable Acceleration Contract in Europe

Mars, Incorporated continues to make strides toward sustainability with the signing of its first Renewable Acceleration contract in Europe. This collaboration with GoldenPeaks Capital marks a pivotal moment in Mars' commitment to achieving a 100% renewable energy supply across its operations, enhancing its sustainability agenda on a European scale.

The recently signed contract not only addresses Mars' direct operational energy needs but also extends its reach throughout the entire value chain. GoldenPeaks Capital has taken the lead in developing an impressive portfolio of over 100 solar energy projects in Poland, which will ultimately provide more than 129 MEGawatts of AC power (approximately 58% of the project's total output). This initiative is projected to generate enough renewable energy to power around 100,000 households annually, further facilitating Poland's transition away from coal and towards a low-carbon economy.

Major Energy Initiative for Europe

This contract represents a significant advancement in the renewable energy landscape. It is expected to become the largest multi-buyer renewable energy agreement in Central and Eastern Europe. Mars, together with its supplier Cargill, has embraced this opportunity to engage in a mutually beneficial partnership. The collaboration not only strengthens the supply chain but also enhances the capacity of the new solar farms to meet the energy demands of both companies.

Kevin Rabinovitch, Vice President of Global Sustainability at Mars, expressed his enthusiasm about the ongoing development of the Renewable Acceleration program, stating, "I am delighted to see the momentum we are gaining. This next step underscores our vision to make renewable energy the norm in every region where Mars operates."

accelerating the Global Energy Transition

This partnership emphasizes the necessity for collective climate action. The collaboration between a major supplier like Cargill and Mars exemplifies the scale of impact possible when different organizations unite to tackle climate issues. Rabinovitch adds, "Climate action must be global to be effective, and these collaborations demonstrate that scaling is achievable when we work in unison."

Adriano Agosti, Founder and Chairman of GoldenPeaks Capital, also highlighted the significance of this agreement, noting that Mars, with its vast international presence, is positioned to lead the charge in decarbonization initiatives throughout its value chain. He stated, "GoldenPeaks Capital is honored to partner with Mars and to contribute toward this global goal."

Future Goals & Commitments

Through the Renewable Acceleration program, Mars aims to transition from fossil fuels to clean energy, impacting both its owned sites and the entire operational chain. The partnership with GoldenPeaks Capital follows a similar collaboration with Enel in North America, showcasing Mars’ dedication to a holistic and globally responsive approach to sustainability.

Moreover, Mars anticipates further global agreements in the future. Each contract signed under this program is projected to contribute significantly towards a 10% reduction in the company’s overall carbon footprint by 2030. This effort forms a part of Mars' broader strategy to reach Net Zero emissions by 2050, which also encompasses actions against deforestation, the promotion of climate-smart agriculture, improvements in transportation, and embedding sustainability across all business operations.

About Mars, Incorporated

Mars, Incorporated operates with the guiding principle that the world of tomorrow is shaped by the business practices of today. As a family-operated enterprise valued at approximately $55 billion, Mars encompasses a wide array of products and services ranging from pet care to food and confectionery. The family of brands includes well-known names such as ROYAL CANIN®, PEDIGREE®, DOVE®, and SNICKERS®. With 150,000 associates worldwide, the five principles of Quality, Responsibility, Mutuality, Efficiency, and Freedom drive their commitment to making a positive impact on people, pets, and the planet. More information can be found at www.mars.com.

In conclusion, Mars' partnership with GoldenPeaks Capital and the commitment to renewable energy initiatives shines a light on the importance of sustainable practices within the corporate sector. By actively engaging in renewable projects, Mars not only reinforces its commitment to sustainability but also sets a powerful precedent for others in the industry to follow.