Mars Inc., 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. Mars is working to reduce its exposure to environmental, social and governance risks, known as ESG, because it’s next to impossible to track exactly where the huge amounts of raw materials that it uses are from, according to Parkin. The company buys 0.2 percent of the world’s palm oil, sourcing it from thousands of mills.
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Bloomberg
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