2023 Sustainable in
a Generation Report
The world we want tomorrow
starts with how we do business todayTable ofContents
Letter from the CEO
See next page

About Mars

Healthy Planet

9

Climate Action

12

Enabling Health and Wellbeing

33

Land Use and Deforestation

16

Caring for Pets

35

Water Stewardship

19

Protecting Our Ocean Ecosystems

21

Governance36

Rethinking Packaging

22

Thriving People

24

Our Associates

26

Advancing Respect for Human Rights

27

Increasing Income of Smallholder Farmers

29

Unlocking Opportunities for Women

30

Nourishing Wellbeing

About This Report

Appendix

31

38

39

Relevant Policies, Statements,
and Other Documents

39

Performance Data Table

40

2

Running a financially fit and a sustainable business
are not two mutually exclusive things. In fact,
they are self-reinforcing in my opinion. Running a
profitable business is the only way we can generate
the resources necessary to invest and make a realdifference to people, pets, and planet. And when
we run a sustainable business, it helps ensure
we have a healthy planet where our consumers,clients, and stakeholders thrive, while remaining
an attractive place to work, grow, and develop.
In 1947, Forrest Mars, Sr. laid down in a letter thatthe purpose of Mars was to “manufacture anddistribute products in such a manner that createsa mutuality of services and benefits among
consumers, suppliers, governments, associates,and shareholders.” This principle has endured thetest of time, and in 2018 the Mars family establishedthe Mars Compass – a set of shareholder objectives
that not only embed our purpose, but also ensurethat we make the right choices balancing financial
and non-financial targets for generations to come.
As I have said many times before, profit andpurpose are not enemies. Doing the right thing
does not mean a trade-off between planet
and productivity, or between environment andemployment. To be successful at Mars, we have todeliver financial and non-financial value.

Sustainable in a Generation
In 2017, we launched the Mars Sustainable in
a Generation Plan where we articulated thesignificant focus and investment Mars had beencommitting to sustainability for many years.
We have now collected progress and action acrossour full value chain into a comprehensive report.
It covers our collective effort to deliver meaningfulchange while at the same time acknowledging
the many challenges ahead of us. The report isorganized around the three priority areas we
defined back in 2017: Healthy Planet, Thriving
People and Nourishing Wellbeing.
With regards to Healthy Planet, our climate andenvironment pillar shows that we have decoupled

our business growth from our carbon emissions.
Last year, we published our Net Zero Roadmap
and promised to further accelerate our carbon
reductions with aggressive short- and mediumterm targets, but we want to be judged on notwhat we promise but what we deliver. In 2023,
that was a further 8% absolute GHG reduction
compared to our 2015 baseline, while growing thebusiness over the $50+ billion mark for the firsttime. Our GHG reductions are now totaling justover 16%, or 5.7 million metric tons (from a 2015baseline), across the full value chain. In the same
period, our business has grown more than 60%, so
the decoupling we want is happening. We still havea long way to go, but we will continue to follow thescience and show how a responsible business canboth do well and do good.
In pursuit of Thriving People, our efforts for workers
in our value chain, we have now reached almost
750,000 people through our supplier and origin
program since it began in 2017, working diligently
on our supply chains. This remains a challenging
area for us, as well as many of our peers, and we arededicating additional resources to deliver scalable
progress through partnerships with governments,
NGOs, and other stakeholders.

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

A Letterfrom the CEO3

That progress and the results presented in thisreport are only possible through our 150,000+
Associates around the world – who make change
happen every day. We know that when empowered
and motivated, our Associates are our most powerfulasset and will deliver innovation and find the solutions
that will make change a reality. I am grateful for theircontributions, dedication, and resilience, and I am
committed to continue to drive positive change inthe world through how we do business.

The Case for Collective Action
There is much to build upon, but I am acutely awarethat our progress in isolation will only get us so far.
Tackling these enormous challenges requires scaleand collective action, driving change across sectors,
geographies, and supply chains.

This is not easy, and I am not pretending we have
all the answers. We are living in complex times, andwe have to step up and deliver together in order toachieve a more sustainable future for all. This will
require successful businesses that deliver financiallyand continue to invest in a more sustainable future.
And it will require partnership with governments
and civil society to ensure the necessary frameworks and abilities to scale collective efforts arein place.
We are committed to doing our part. I hope you
enjoy reading this report and learning more about
our progress, our challenges and how we plan tocontinue to make a positive difference in the world.

Poul Weihrauch
CEO & Office of the President,
Mars, Incorporated

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

To promote Nourishing Wellbeing, our science,
innovation, marketing, and nutrition pillar, we havecontinued our focus to ensure we do the best forour own Associates health, both physically andmentally, as well as how we work to help consumers
make healthier choices, and I was pleased to see ourMars Food & Nutrition business deliver 3.1 billion
healthy meals – well on its way of delivering 5.5
billion meals by 2025.

4130+ factories and R&D centers in 70 markets
drive economic contributions worldwide

ABOUT MARS

Our BusinessAs a family-owned business operating for overa century, Mars maintains a broad view on what
success as a business means – that it encompasses
ensuring strong financial performance, delivering
quality growth, having a positive societal impact,
and being a trusted partner.

$16 billion+ in global capital investments over the
past 10 years. In 2023, for example, we approved a$237 million investment in a new Nature’s Bakery factoryin Salt Lake City, UT as well as other investments to
expand production at other factories around theworld. Also in 2023, Mars continued to expand
through the acquisitions of Heska and SYNLAB Vet,
providers of advanced veterinary diagnostic andspecialty solutions, as well as acquired the Pet
Nutrition brand Champion Petfoods.

$50 billion+ in net sales

150,000+ Associates across 400+ sites worldwide,in addition to approximately 3,000 veterinary
clinics in 20+ countries, and more than 50 physicalretail locations$140 billion+ contribution in total GDP, ultimately
supporting around 600,000 direct and indirect
jobs around the world1

Over the past century, we have evolved froma traditional consumer packaged goods (CPG)
business into an increasingly diversified business
offering trusted brands within snacking, food,and pet food, as well as best-in-class veterinary
services and diagnostics.

1

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Mars products and services can be found in morethan 170 markets across the globe

Based on a study using 2022 data from London Economics

Note: Net sales reflect fiscal year ended December 30, 2023
in accordance with U.S. GAAP

5

As a global company, Mars has a complex value chain thatallows us to bring our multiple products and services toour customers around the world.

18M+

300M

240K

4.4T

samples analyzed by
our Antech diagnostics
business per year

cocoa farmers in our
Responsibly Sourced
Cocoa program

250K

pieces of gum madeeach minute

1911

Frank C. Mars made the firstMars candies in his Tacoma,WA, kitchen

Global HQ in
McLean, VA

Private, Familyowned company

Skittles produced
per day

pieces of dry
petfood a year

590M

Our Billion Dollar Brands

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

A Complex andHighly Productive
Value Chain

The amount of champagne
bottles we could fill with the
M&Ms we produce in a year

6

Mars works to create the world
we want tomorrow through theway we do business today. In 2017,
we launched the Sustainable in
a Generation Plan and since thistime we have remained focusedon helping shape a future witha healthier planet, thriving
people and pets, and a more
inclusive society. Our approach tosustainability focuses on always
striving to do the right thing andholding ourselves accountablefor our sustainability performanceover promises. We are committed
to delivering responsible growth
while providing quality products
and services to our customers ina way which advances social andenvironmental progress.

To this end, we regularly assess oursustainability efforts, build lasting
partnerships, and strive to not only
deliver strong financial performance,
but to do that while also deliveringon our sustainability commitments.
Our sustainability efforts are rooted
in the Five Principles that haveguided our decisions for decades:

Investing in
Sustainability
Our vision for sustainability
encompasses investing in bothpeople and the planet. That’s why
we planned to invest $2.7 billion
over three years (2023-2025) toadvance our Sustainable in a
Generation Plan.

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Our Approachto Sustainability

7

Strong financial
performance

Our Sustainable in a Generation Plan is upheld by three
key pillars where we work to maximize our impact:

HEALTHY PLANET

We set ambitious, science-based goals to improve our environmental
performance. This includes achieving net zero emissions by 2050 against
a 2015 baseline, tackling unsustainable water use, developing sustainable
packaging, stopping deforestation in high-risk commodities, and holding
our land use flat even as our business grows.
THRIVING PEOPLE

We seek to meaningfully improve the lives of 1 million people acrossour value chain to enable them to thrive. To do this, we’re engaging a
network of partners from non-governmental organizations (NGOs) togovernments and focusing on three areas where we believe we candrive meaningful change — increasing income, respecting humanrights and unlocking opportunities for women.
NOURISHING WELLBEING

We are committed to nourishing wellbeing and enabling people andtheir pets to live healthier, happier lives. We do this by helping ourworkforce to thrive, by enabling consumers to make informed choices
for themselves, their families and their pets, and by working to makesafe food available to all.

Measuring
Our Progress
As both a principles andpurpose-driven business,
we’re focused on making
choices that help us achievenear-term results withoutcompromising on the world
we want tomorrow.
Our Compass is a set ofobjectives as well as aphilosophical approach. It has
four quadrants which bothguide our long-term strategy
and measure our progressagainst medium term andday-to-day decisions.

Quality
growthThe world wewant tomorrow
starts with how we
do business today

Trustedpartner

Positive societal
impactWe link certain non-financial sustainability
performance objectives to executive pay as one way
to incentivize and ensure accountability for Positive
Societal Impact in the Mars Compass. Over 1,700
senior leaders receive a long-term incentive award
with 20% of the payout linked to a non-financial
sustainability measure. Over 400 top senior leaders
receive an additional long-term incentive award with
40% of the payout linked to non-financial measures.
These are powerful – and market leading – incentive
mechanisms that incorporate non-financial measures
as clearly embedded objectives.

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Sustainable in a
Generation Pillars

8Reducing our environmental
impact in line with what
science says is necessary tokeep the planet healthy.
At Mars, we know that our businesscan succeed even as we work to createa healthier planet. We are focused on
reducing our environmental impacts
across our value chain. We have set
multiple science-aligned targets
addressing climate action, land use
and deforestation, water stewardship,
and packaging – and have a clear andtransparent roadmap to get there.

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Healthy
Planet9

TARGET
Reduce the total GHG emissions
across our value chain by 50% by
2030 and achieve net zero by2050 compared to 2015
Hold flat the total land area
associated with our value chain

Halve the gap to sustainable water
usage levels by 2025 and ensure
water use in each watershed in
our value chain is within annually
renewable levels in the long-term

Develop packaging thatis reusable, recyclable,or compostable2“

2023 PROGRESS

16%

decrease in GHGs of our full value
chain from our 2015 baseline6%

on target with a reduction in land use
compared to 2015 baseline27%

reduction in unsustainable
water use since 2015

61%of our consumer facing packaging(excluding transport and tertiary materials)3
is designed for circularity

We believe it is possible to run a
profitable business and reduce GHG
emissions at the same time. Ourcommitment to reducing our carbon
footprint is not just an environmental
responsibility; it’s a strategic
imperative for long-term resilienceand competitiveness and an essential
part of creating a better world.
Andy Pharoah
Vice President, Corporate Affairs andSustainability, Mars, Incorporated

2

For more details on our progress on the plastic specific, Ellen MacArthur Foundation Global Commitment targets, please visit http://www.ellenmacarthurfoundation.org

3

Overall Design for Circularity percentage would be higher with the inclusion of transport and tertiary packaging, however, Mars considers that out of scope.

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

2023 Healthy Planet Highlights

10

focuses on four areas where
we have the largest opportunity
to influence positiveenvironmental impact:

Climate Action

Water StewardshipAs outlined in the Mars Net Zero Roadmap, we arecommitted to achieving net zero GHG emissions by
2050 against our 2015 baseline and to delivering a
50% reduction by 2030. To accomplish this, we are
implementing strategies such as expanding renewableenergy usage, redesigning supply chains to address
deforestation, scaling climate-smart agricultural
practices, optimizing recipes, improving logistics, andembedding climate action throughout the business.

Water is an important resource critical to Mars businessand for future generations. Our Water Stewardship
Position Statement outlines how we have measured water
usage across our global supply chains so that it can bebetter managed. With agriculture being a key area for
improved water stewardship, we focus on crops fromstressed watersheds and have set ambitious water targets
to halve our gap to sustainable water usage levels by
2025 for Mars value chain in our traditional fast-moving
consumer goods business – while helping to ensure that
long-term water use aligns with regenerative levels. Our
progress against this goal is addressed later in the report.

Land Use and Deforestation

Rethinking Packaging

Like all businesses, our operations and activities acrossour value chain impact the environment and communities
where we live and work. Our Land Use Position Statement
outlines our ambition to maintain a flat total land area
associated with our value chain in our fast-moving
consumer goods business, with the goal of ensuring that
our activities across our value chain do not contributeto agricultural expansion into natural ecosystems. To
further help protect natural ecosystems, we apply a “map,manage, and monitor” approach to address deforestationand conversion in the regions where we source cocoa,
beef, soy, palm, pulp and paper.

Mars is working to help create a future where packaging
waste is a thing of the past. Through the collective effortof hundreds of Mars Associates and millions of dollars
in investment, we’re redesigning 12,000 packaging
components and continuing to push the boundaries of
packaging innovation – with nearly half of our portfolio
already undergoing positive changes. Our three-pillar
strategy focuses on eliminating unnecessary packaging,redesigning for circularity, and investing in circular
packaging in our consumer-facing business.

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Our Healthy
Planet Strategy

11

Our Roadmap to Achieving Net Zero by 2050

120%2015 to 2022

2023 to 2030

2030 to 2050

2050 and Beyond

In the first seven years of our full value
chain work, we set goals and peaked
emissions one year later. This not only
decoupled financial growth fromemissions, but resulted in the trajectoryof each moving in opposite directions(and the right way). As some strategies
take time to deliver, our progress will
not always be even but — the multiyear trend of emissions reductions
will continue toward our target.

Released in September 2023, our
Net Zero Roadmap is about thestrategies that we feel will takeus to the -50% GHG emissions
by 2030, and the changes to ourbusiness operating model thatmake that not only possible, butaffordable. This level of progress
requires changes across our entire
value chain. This will not be easy,
but we have the ideas, resources,
and the commitment to make it
happen. The reductions are built
into our business planning and therolling three-year plans that eachof our business segments set.

As things stand today, we believethat the hardest part of the value
chain reductions on the way to net
zero will be the last 30%. Today,
there are significant barriers tosolving for those emissions —cost, feasibility, and regulatory,
among others. But between now
and 2030, we are investing andpartnering to find better solutions
that will allow us to continue themarch to net zero. We anticipate
breakthroughs and backsteps alike.
As new climate science emerges,
we will set future five-year interim
targets (e.g., 2035) accordingly.

As much potential as there is to
reduce emissions in our value chain,
it is widely recognized by standards
such as SBTi that there will be asmall fraction of residual emissions
that can’t be solved for in our value
chain. The balance of SBTi energy
and industrial, and FLAG sector longterm targets for Mars’ portfolio, is an
overall 80% reduction. For that small
remaining fraction we will use highquality carbon removal credits to “net”
those emissions down to net zero.

Sets fullvalue
chain GHG
reduction
targetReachedpeakemissions

Business
as usual

100%
80%

84%

60%

of 2015
baseline

50%

40%

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Climate Actionof 2015
baseline

20%

20%

Net Zero Roadmap

of 2015 baseline

0%
2015

2017 2018

2023

2030

2050

12

Decoupling growth from GHG emissions

By the end of 2023, we reduced total emissions
across our business by 16% from our 2015baseline. We reduced total Scope 1 and 2
emissions by 34% compared to 2015, putting
us on track to achieve our 2025 target to
reduce Scope 1 and 2 emissions 42% by 2025.
This reduction is primarily due to renewableelectricity, energy efficiency, and thermalenergy programs.

100%

Additionally, we made significant updates toour 2015 baseline, and will be publishing inthe second half of 2024 a revamped Baseline
Restatement Policy, as well as adopting astringent reporting approach intended for use
by all business units, with the aim of ensuring
comprehensive coverage of our emissions
footprint including recent acquisitions. This
refinement led to a 2.03-million-ton increasein our 2015 base year footprint and has been
an important step in ensuring accurate
and transparent reporting.

3% 1%

We have reduced our scope 1, 2, and 3 emissions by 16% against our 2015 baseline
while growing the business by more than 60% to $50+ billion in sales

160%
2023 GHG Emissions

140%

2018:
Peak emissions
at 107% of baseline

29.2 MtCO2e

120%

96%

80%

2015

2016

2017

2018

2019

2020

2021

2022

Scope 1

2023

Scope 2
Mars, Incorporated
sales

Mars, Incorporated
GHG emissions

Scope 3

The Five Net Zero Fundamentals
The Mars Net Zero
Roadmap includes
five fundamentals
for achieving net
zero by 2050:

1
Include all
emissions acrossthe value chain2
Prioritize
performanceover promises

3Mark progresswith milestones

4
Remember thatsome decisions
today reverberate
tomorrow

5

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Recognizing the urgent need for clear, global
action on climate change, we leveraged
decades of experience working on GHG
reductions to develop the Net Zero Roadmap,
a pragmatic yet ambitious plan to cut emissions
50% by 2030 compared to 2015 on our journey
to net zero GHG emissions across our fullvalue chain by 2050. This Roadmap outlines
the strategies and changes to our business
operating model that will make halving ouremissions by 2030 not only possible but
also affordable.

Cover residual
emissions withhigh quality
carbon removal
credits by 2050
13

Mars and DHL Gateway
Facility in the UK, Partnering
for Sustainable Logistics
The London Thames Gateway facility,
a state-of-the-art warehouse is theresult of an over $400 million investment
from Mars and DHL and is equipped with
3,700 solar panels generating 27% of its’power needs. Its BREEAM ‘Outstanding’accreditation places it among the top

Efficiency

Renewable Electricity

Renewable Thermal

Since 2009, our direct operations
program has been a cornerstone of Marssustainability efforts. We employ simple
measures like insulating pipes as well as
revolutionary approaches that redefine
manufacturing processes. In aggregate,these projects have a significant impact on
our enterprise-wide energy performance.

We are rapidly transitioning towards
renewable electricity sources toaccelerate emissions reduction andactively pursuing LEED certifications.
Looking to 2030, efficiency
improvements and renewable electricity
will continue to play pivotal roles. We
are sourcing 59% renewable electricity insupport of our commitment to sourcing
100% renewable energy by 2040.

A significant challenge lies in transitioning
our thermal energy demands to renewablesources, which will be crucial in ouremission reduction efforts. As part of thistransition, we replaced a gas boiler with
an electrical alternative at our largest
chocolate factory in Veghel, Netherlands.

Prioritizing Efficiencies
Through Logistics
Mars is consistently seeking ways toenhance the efficiency of our logistics,
by reducing distances traveled andmaximizing vehicle utilization. This involves
optimizing network design and improving
operational practices.

100% of Mars construction
projects over 1,000 cubic metersthat increase factory area by morethan 25% will pursue LEED, with
office projects targeting Goldcertification and projects
involving production and otherbuildings targeting Silver.
We currently have over 50
LEED certified projects
around the world.

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Making Our Operations
More Sustainable

1% of environmentally friendly nondomestic buildings in the UK.

14

Navigating the ClimateAgriculture Nexus

A key lever in reducing our GHG footprint isreformulating our pet food recipes, making
switches to lower carbon intensity ingredients
without compromising on nutritional value orpalatability. Mars Petcare established a dedicatedClimate Reformulation Team, which has alreadycarried out reformulations across several of our
Petcare products.

The upstream emissions associated with ingredients
we use are the biggest part of our value chain
footprint and among the most challenging toaddress. But there is also opportunity for continued
improvement. Our approach to climate-smart
agriculture is based on regenerating soils and nature,
low carbon farming, and increasing climate resilienceamong farmers.

In the dairy supply chain, most GHG emissions

Mars’ biggest brand, ROYAL CANIN has loweredrice usage in the Kitten and Puppy Programs’
formulas when not essential, while maintaining
strong nutritional performance, because science
showed that rice had a bigger impact on carbon
emissions than other cereals in most parts of theworld. Rice grown in the United States for instancehas an impact twice as high as wheat and almost
three times higher than corn, according to theWorld Food Life Cycle database.

Methane from livestock manure and digestion isa potent GHG, exacerbating global warming andassociated impacts. To address this, we are supporting
climate-smart agriculture practices that reduce
methane, and are testing nutrient management plans,
feed additives, and improved manure management.

future. Together we are investing in dairy®

We are also exploring research and development
projects to identify new and innovative
ingredients that could reduce our footprint andare nutritious for pets, such as micro-algae andinsect proteins.

We are also actively investing in climate-smart
agriculture across our supply chain through initiatives
that span harvest cycles and are intended to reduce
emissions and enhance carbon sequestration. Whileland-based carbon sinks are important, agriculturaltransformations should encompass both regenerative
agriculture and decarbonization efforts to address
various sources of emissions in the sector. While we
do not yet include carbon sequestration in agriculture
in our emissions footprint, we intend to do so in
the near future.

Collaborating with our
Dairy Producers

happen at the farm level. Our work focuseson collaborating with our dairy producers
to support farmers through practice orinfrastructure changes right on their farms
to reduce emissions. Mars is teaming up withfour players in the dairy world: Fonterra, Land
O’Lakes, Interfood and Friesland Campina, all
who share in our vision for a more sustainable
sustainability programs that are focused on theareas of the farm that have the highest carbon
footprint: enteric methane (cow burps), manure
management, and feed production.

Cultivating Change Together
We are using the power of our brands to drivechange including through ROYAL CANIN®,
partnering with Soil Capital to empower farmers intheir grain supply chain to embrace regenerative
agriculture practices across an area larger than
Luxembourg. The NUTRO® brand also launched“Greater Ground” to increase awareness of theLetter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Innovating to Reformulate
Our Petfood Recipes

importance of healthy soil and adoption of healthysoil practices. The brand is working with growers
to provide education and financial support to help
farmers transition to healthy soil practices.
15

310K+

91%

total numberof cocoa plots
polygon mappedof our direct soyvolumes are at low
risk of deforestationand conversion

Cocoa

Soy

We are working toward a deforestation andconversion-free cocoa supply chain [as definedby the Accountability Framework Initiative (AFi)].
We will continue to work with our suppliers,
partners, and government so that all cocoa
we source is produced on land that has notbeen subject to deforestation or conversion ofnatural ecosystems after December 31, 2013, orthe date specified in a credible landscape-level
framework such as the Cocoa & Forests Initiative(CFI). Natural ecosystems include, but are notlimited to, primary, secondary, and regenerating
forests; savannah; and peatland of any depth.
Where validated, methodologies such as theHigh Conservation Value-High Carbon StockApproach may be used to apply AFI’s definitions.
For more information, please see our Cocoa andForest Action Plan.

By 2025, our aim is to limit or stop deforestationand conversion of natural ecosystems in Mars
supply chains for our direct soy ingredients4 in
Latin America — a region with high conversion
hotspots. As of the end of 2023, 91% of our direct
soy volumes6 are at low risk of deforestation andconversion, according to third party data andrisk analysis focused on our suppliers’ crushingfacilities and the risk of the farms directly
supplying them in Argentina and Brazil.

Rethinking Supply Chains to Help
Address Deforestation
Land use change is the second biggest driver ofour value chain emissions, and deforestation andconversion of natural ecosystems is a major threat
to nature and society. We’re redesigning our supply
chains to combat deforestation and conversionof natural ecosystems across five raw materials
identified as having the greatest impact: beef,
cocoa, palm oil, pulp and paper, and soy. We use ourmap, manage, monitor approach to make progress,
and track the emissions benefits using geospatial
data from satellites. Currently, this approach
excludes pulp and paper as well as some newmergers and acquisitions and co-manufacturing.
To reduce pressure on natural ecosystems, Mars has
a goal for holding flat the total land area associatedwith our value chain. We continue to monitor our
progress and are proud that we remain below our2015 land footprint across the value chain.
In 2023, we were included in CDP Forests A band,
being recognized as one of the leading companies
working toward a more sustainable future. We
also ranked number two out of companies in the
Packaged Food Sector in the Forest 500 2023
annual report.

In 2023, as part of our progress against our
Soy Sourcing & Deforestation Action Plan,
we engaged 100% of our upstream suppliers
originating from Argentina and Brazil to share
our commitments, as well as Consumers Good
Forum’s (CGF) Forest Positive Approach5, and tounderscore the importance of supplier action toensure that our sourcing requirements are met.
4

 onsiders the total amount of direct purchases of soy productsC
in Mars Petcare, which accounts for the material portion (93%) of
the total soy supply to Mars. Additionally, it excludes some newmergers and acquisitions and co-manufacturing.

5

 ee the latest version of the Guidance on the Forest PositiveS
Soy Roadmap

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Land Use andDeforestation

16

100%

of our global beefvolumes are at low
risk of deforestationand conversion

deforestation free palm
and palm kernel oil**Based on certification for palm andpalm kernel oil that Mars buys directly.

Beef

Palm Oil

By 2025, our aim is to limit or stop deforestationand conversion of natural ecosystems in Mars
supply chains, up to the direct cattle supplierfor our beef ingredients in Latin America – aregion with high conversion hot spots. As of theend of 2023, 99% of our global beef volumes6,
are at low risk of deforestation and conversion,according to third party data and risk analysis
focused on our tier 1 beef suppliers and the riskof their direct cattle supply (farms supplying
slaughterhouses in our beef supply chain) in
Argentina, Brazil and Mexico.

In 2020, Mars announced that our Palm Positive
Plan had delivered a significant milestone,
a deforestation-free palm oil supply chain
covering all palm and palm kernel oil that Marsbuys directly. This milestone is based on rigorous
mapping, monitoring, and management of
our supply chain with independent third-party
validation through partnerships with Earthworm
Foundation and Earthqualizer7.

In 2023, Mars maintained 100% deforestation
free for palm and palm kernel oil that Marsbuys8 directly and achieved 96% traceability toplantation with 100% traceability to Mill and100% RSPO certified. Mars received an A ranking
from the CDP in 2023 in recognition of ourleadership in transparency and performanceon palm-related deforestation.

Through simplification, verification and working
with partners who are committed to driving
improvements in management systems, ourambition is to make long-lasting change in thepalm oil sector. We have radically reduced thenumber of mills we source from, implemented
bi-weekly supply chain satellite monitoring andawarded longer-term contracts to suppliers
who commit to our environmental, social, andethical expectations. Learn more about our
Palm Positive Plan.

6 onsiders the total amount of direct purchases of beefC
ingredients in Mars Petcare, which accounts for the material
portion (99.9%) of the total beef supply to Mars.

7 alm Oil used in our North American operation is purchasedP
under the mass balance supply chain. Under this method,
Palm Positive Palm and non-Palm Positive Palm may be mixed
during processing, shipping, and manufacturing. This is due
to supplier infrastructure constraints such as crude refining
capacity. However, we instruct our suppliers to purchase Palm
Positive Palm in enough quantity from our simplified mill list tocover all Palm used in our direct North American operations.
All mass balance volumes are traced for deforestation utilizing
a rigorous mapping, monitoring, and management systemthrough our partners Earthworm Foundation and Earthqualizer.

8Considers palm oil and palm kernel oil.

We have also engaged 100% of our tier 1
suppliers in at-risk countries, and in particular
100% of our active tier 1 suppliers in Brazil toshare our commitments and to underscore theimportance of supplier action to ensure that
our sourcing requirements are met.

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99%

17

of our pulp and paperbased packaging is
responsibly sourced

Pulp and Paper
Mars remains committed to stopping
deforestation and forest degradation in ourpulp and paper supply chain. We work toward
this by continuously aiming to source 100% offiber-based packaging from certified, verified,or recycled sources. In 2023, 95% of our pulp
and paper-based packaging is recycled orcertified virgin with 90% of virgin material
traceable to country of harvest9.
Based on the risk assessments carried out
with the Earthworm Foundation, and our
traceability back to at least country of harvest,
we continue to engage our suppliers insourcing areas assessed as high risk to support
scalable programs on the ground. We workwith stakeholders from local governments, civilsociety, organizations and communities whose
livelihoods depend on the forest landscape.

Since 2019, Mars has partnered with Earthworm
Foundation and the Tsay Keh Dene Nation (TKDN)in British Columbia, Canada, to protect intact forest
landscapes and High Conservation Value (HCV)
forests by empowering Indigenous stewardshipand promoting robust implementation of Free,
Prior and Informed Consent (FPIC).
The TKDN’s 3.2 million hectare Indigenous territoryis home to intact forest landscapes, critical caribou
habitat and includes the ecologically and culturally
important Ingenika Indigenous Protected andConserved Area and the Chuyaza Conservancy.
It also overlaps with forest tenure license areas
where pulp and paper companies operate.
This partnership supports the Nation’s management
plans for their territory, including establishing key
Indigenous-managed protected areas, carrying out
HCV assessments to identify and protect significant

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95%

conservation areas and supporting engagementwith forest companies to ensure the TKDN’s

9 onsiders all primary, secondary, and tertiary fiber-based
C
packaging that Mars buys directly.

expectations on sustainable management of
their territory are respected.
18

Water is a natural resource
foundational for life on Earth. As
demand for water increases withpopulation growth as climate change
reduces its availability, the need for
improved water stewardship grows by
the day. This is why we are committed
to responsible water use andreductions across our value chain. We
also engage with stakeholders, support
global initiatives like the UN CEO Water
Mandate’s Water Resilience Coalition,
and work with partners to advancescience-based approaches.
To close the gap on sustainable water
usage levels, we developed contextbased water reduction targets at
Mars sites and in our sourcing. We arefocused on addressing irrigation use
for rice, almonds, mint, wheat, andcorn in Australia, USA, Spain, India andPakistan, which collectively represent
over 84% of unsustainable use in our
supply chain and own operations (i.e.,
when water withdrawals exceed local
renewable water availability). Since

2015, we’ve achieved a 27% reductionin unsustainable water-use, whichis largely attributable to our work to
reduce water use in our rice and mint
value chains. Our value chain level2025 goal is ambitious, and while we
now anticipate that we will fall short of
the 50% reduction we were aiming for,our context-based target is helping toshape our water stewardship programs
to focus on locations and activities
where our usage is most impactful
and where water stress is greatest.

Water and Operations
Five Mars manufacturing plants that
we prioritize in the Operational Water
Program are in Mexico. At these sites
we introduced a water balance planwith three critical steps: 1) improving
water efficiency, 2) achieving water
circularity by responsibly discharging
treated wastewater, and 3) advancing
water-stewardship programsby collaborating to fund water
conservation projects in each site’swater catchment area. As an example,
we are working with the Cauce Bajío
water fund to provide technicalassistance to landowners on more
efficient water utilization methods.

Collaborating for Collective
Water Action
Global collaboration is a driving
factor behind our decision to adopt
the Alliance for Water Stewardship’s
universal definition of water
stewardship, which emphasizes thesocially equitable, environmentally
sustainable, and economicallybeneficial use of water. This approachemphasizes that by understanding
their water use, catchment context,
and shared concerns, good water
stewards engage in meaningfulindividual and collective actions
that benefit people, the economy,
and nature.

Doing Enough: Anchoring Corporate
Sustainability Targets in Science,” laying
the foundation for comprehensive
emissions, land, and water targets
across the value chain. Since then, Mars
has been working with WRI to calculate
Mars’ water footprint associated with
six livestock commodities acrossour value chain. This work provides
insights into the water related impactsof animal feed production. In August
2023, Mars and WRI collaborated
on a session at World Water Week
in Stockholm focused on this work,
educating audiences on the key
learnings and benefits.

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Water Stewardship

In 2016, Mars partnered with theWorld Resources Institute (WRI)
to publish “From Doing Better to19

Almonds are a water-intensive cropunderscoring the KIND portfolio,
and are predominantly sourced from
California, a water-stressed region
where heavy irrigation is prevalent.
To build long-term resiliency andtackle water usage concerns, we areworking with our suppliers to help
implement on-farm regenerative
strategies through the KIND
Almond Acres Initiative.

Sustainable Rice Farming with Climate Smart Practices
Rice is a vital global food staple for 4 billion people.
However, traditional production consumes 34-43%
of global irrigation water, and contributes up to 10%
of methane emissions. Rice accounts for 66% of Mars’unsustainable water usage and 4% of GHG emissions
in agriculture. Our ambition is to pioneer sustainable
rice farming through multi-stakeholder collaborationand cutting-edge technologies. As a founding
member of the Sustainable Rice Platform, we commit
to the Sustainable Rice Cultivation Standard for our
Ben’s Original brand and collaborate with partners topromote climate-smart practices globally.

One important example of such practices is alternate
wetting and drying (AWD), a method of farming that,
depending on context, reduces water use by up to
30% and GHG emissions by over 40%.
Additionally, Mars is partnering in a joint project withthree other multinational consumer goods companies
and a range of experienced partners in the rice sector
from Thailand and the region, including the Deutsche
Gesellschaft für Internationale Zusammenarbeit (GIZ)
GmbH. The mutual goal is to strengthen climatefriendly rice cultivation in Thailand.

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How Almonds Illustrate
our Approach to Climate,Land, and Water

20

Coral Reef Restoration
Mars has partnered with government agencies, national parks, academia, NGOs,
and the tourism industry to initiate the Mars Coral Reef Restoration Program, avisionary 10+ year initiative aimed at revitalizing marine biodiversity, enhancing
food security, and bolstering climate action through innovative reef restoration
techniques. Its comprehensive approach underscores its relevance in addressing
urgent environmental challenges.

• We expanded our Coral Reef Restoration Program to 16 new sites across six
countries, training 30 new reef builders and certifying 10 global trainers aspart of our program endorsed by the Society of Ecological Restoration. The
team installed 30,788 Reef Stars, planted 461,820 corals, and restored over
38,300 square meters of coral reef.

• In July 2023, we launched “The Big Build,” a collaborative effort to plant
30,000 coral fragments using 2,000 Reef Stars. Over 100 participants from17 organizations came together in Indonesia alone to restore a 2,500 square
meter reef area as part of this initiative.

• Mars continued its impactful partnership with Sheba through the Sheba Hope
Grows program. Highlights included launching a partnership between Kuleana
Coral Reefs and Sheba US, along with a successful awareness campaign
featuring Paralympian swimmer Ellie Simmonds, OBE.

• As part of Mars’ strategy to establish global coral reef restoration training hubs,
the Mars Sustainable Indonesia team hosted Kuleana Coral Reefs and The
Ocean Trust at Hope Reef in May 2023 for competency training. This training
equips Mars’ partners with the skills to implement restoration practices at scale.

Sustainable Fish Sourcing
At Mars, we depend on sustainably
managed fish supply chains, as thesenutritious ingredients are used in
our pet food brands, such as SHEBA®
and WHISKAS®. However, many fish
species face threats from multiple
angles, such as unsustainable fishingpractices and fluctuating stock healthdue to climate change.
While the proportion of fish we use
accounts for a small share of the
global fish market, as a purpose driven
business we believe we can make animportant contribution to improving
environmental and social impacts inthis area. In April 2023, we launcheda Fisheries Improvement Fund (FIF)
together with Finance Earth and otherpartners, with the aim of reversing
the trend of fisheries decline. Mars
pledged $1 million to the FIF, which
will be invested in projects over the
next five years.

“
Mars Petcare and World Wildlife Fund(WWF) are collaborating to drive
positive social and environmental
impact in the fish supply chain. As partof our partnership spanning more thana decade, we work together to drive
responsible sourcing, improve fisheries
sustainability, and engage otherbusinesses and NGOs on industry wide
improvements. In 2023 we launched
the Fisheries Improvement Fundwith WWF, Finance Earth and otherbusinesses. Through the Fund we aim
to boost investments in vulnerable
fisheries and support the communities
that depend on them.”
Marika McCauley-Sine

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Protecting Our
Ocean Ecosystems

Mars Petcare Chief Sustainability Officer.

21

Packaging serves an important purpose in keeping
our products safe and fresh while helping to reducefood waste. We use a variety of packaging materials
including glass, cardboard, paper, and plastics.
Mars is working to bring about a circular economy
where packaging material is recyclable, reusable,or compostable. To move toward this vision, weare making significant investments into packaging
reduction and redesigns.

A few achievements in these areas include:• Transforming over 75 million bags made of multiple
plastic materials to monomaterial polypropylene across
IAMS™, NUTRO™, PEDIGREE® and WHISKAS® brands• Transforming flexible plastic snacking packaging
to paper-based packaging.

• Launching paper wrapped Mars® Bar, Snickers®,
and Milky Way® bars in Australia that are recyclable
through local curbside recycling.

Removing problematic content is an important firststep in our packaging strategy. For example, we haveremoved 99% of PVC9 from our packaging as of theend of 2023. Redesigning packaging is another focus,
with almost half of our packaging portfolio undergoingredesign or elimination to fit with current and future
recycling infrastructure. Today, 61% of our consumerfacing packaging (excluding transport and tertiarymaterials) is designed for circularity.

• Piloted additional paper wrapped KIND bars

With Mars selling 210,000 metric tons of plastics
annually in our consumer-facing business10, plastics area major focus for us. In many parts of the world, there
is a lack of sufficient infrastructure for recycling flexible
plastics, and we are working with governments andNGOs to address this, while also exploring redesignor alternative packaging formats. This includes
redesigning from multi- to mono-material or moving
to paper or compostable packaging.

We are investing millions of dollars to improve therecyclability of our packaging, increase the amountof food-safe, recycled content and to reduce theuse of virgin plastic. The share of our packaging thatis Designed for Circularity has gone up from 57% in
2022 to 61% in 2023, so we are making good progress,
and we would expect that to continue to accelerate.
However, the design and infrastructure changes needed
are taking longer than we anticipated when we signed(US), Mars Bars (UK), Juicy Fruit Gum (Kenya),and M&Ms (China/US).

• Where composting is a viable end of life solution,
we’ve launched a limited-edition compostable M&Ms
bag on the United States’ West Coast.

• Worked to increase our recycled content, forexample, transitioning our lids for SNICKERS®, DOVE®,
and M&M’S®(216g canisters) to 100% rPET in China.

the Ellen MacArthur Foundation Global Commitments,
and we are unlikely to fully meet them by the end of 2025.
Internally we hold ourselves accountable by embedding
our packaging targets into how we measure overallbusiness success with compensation for more than 400
top senior leaders also now linked to delivering our
packaging sustainability targets.
Addressing these fundamental issues cannot be doneby businesses alone. Mars is participating in several
waste management partnerships with governments,
NGOs, suppliers, packaging manufacturers anddesigners, and peer companies to collectively help
address global packaging sustainability challenges.
Mars co-chairs the Consumer Goods Forum Plastic
Waste Coalition of Action, was one of the firstmultinationals to announce support for a UN Treaty
on Plastic Pollution and helped launch the BusinessCoalition for a Global Plastics Treaty. We are also asignatory of the Ellen MacArthur Foundation’s (EMF)
Global Commitment, part of the Flexible Plastic Fund
(UK) and Circular Action Alliance (US) in support ofour shared goal to create a circular economy where
packaging never becomes waste.
9

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Rethinking
Packaging Excludes medical applications
Due to timing of acquisitions, Champion Petfoods, Kevin’s, and Hotel
Chocolat are excluded from this report, however we have plans toinclude them for future reports.

10

22

2023 Packaging Performance:99%

PVC removed from our
packaging as of the endof 20239

Strategic Partnership to
Tackle Plastic Waste

61%

of consumer facing packaging(excluding transport or tertiarycomponents) designed tobe recyclable, reuseable orcompostable3

1.5%

of recycled content
in our portfolio
9Excludes medical applications

3

Overall Design for Circularity percentage would be higher
with the inclusion of transport and tertiary packaging,
however, Mars considers that out of scope.

iMars, Delterra, Amcor, and Procter & Gamble
have established a strategic collaboration
aimed at addressing plastic pollution in the
Global South. This partnership, backed bya $6 million investment over five years, isfocused on developing scalable solutions totransform waste management and recycling
systems to combat plastic pollution. This
involves using innovative technologies todesign waste out of the system and capture
recyclable and compostable materials.
With a focus on countries such as Indonesia,
Argentina, and Brazil, the partnership aims
to impact 10 million people by providing
access to improved waste management andrecycling systems.

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HIGHLIGHTS

23

Meaningfully improve the livesof the people in our value chain
to enable them to thrive
As a family-owned business, Mars takes a longterm view in how we create enduring opportunities
and benefits for our many stakeholders, startingwith the 150,000+ Associates we employ in morethan 70 markets. We also recognize our impact on
the thousands of additional businesses and jobs
throughout our global value chain – we generateor support three extra jobs in our value chain foreach of our Associates, according to a study carriedout by London Economics in 2023.
Through our Sustainable in a Generation Plan’s
Thriving People ambition, we are working tomeaningfully improve the lives of 1 million people
across our value chain to enable them to thrive.
To do this, we’re engaging a network of partners,
from NGOs to governments, and focusing on threeareas where we believe we can drive meaningfulchange – respecting human rights, increasing
income, and unlocking opportunities for women.

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Thriving
People24

TARGET
Meaningfully improve the lives of
1 million people across our value
chain to enable them to thrive“2023 PROGRESS

~750K

+142K

people reached by programsin our supply chain sinceprogramming began

farmers reached byprograms designed toincrease farmer incomes

+103K

+89K

women reached byprograms designed toenable them to thrive

women in farming andagricultural communities

Supporting people across our value
chain is at the heart of our mission.
Guided by our steadfast commitment
to human rights, this work requires
collaboration with governments,
NGOs, and civil society organizations
and a commitment to continual
improvement. We are proud of ourprogress but recognize the needto continually assess our programs
to ensure that we are meeting ourtargets. Our Thriving People ambition
focuses on increasing smallholder
farmers’ incomes, respecting humanrights, and unlocking opportunities
for women to build a brighter, more
inclusive future for all.”Amanda Davies
VP of Global R&D, Sustainability
and Commercial, Mars Snacking

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2023 Thriving People Highlights

25

We believe that when our Associates
thrive, so does our business. We takea holistic approach to health andwellbeing that allows Associates tobe healthy, energized, and happy athome and work.
Be Well Together, our Associate Health& Wellbeing framework, is designed
to promote a culture where health andwellbeing is a priority. Through thisframework, we encourage Associates
to improve their health in whateverway is best for them.
Energize your day: Actions that
immediately improve energy andwellbeing today
Boost your health: Actions that build
long-term physical, mental, andfinancial health and safety
Live your purpose: Actions that
support long-term goals, growth,and happinessOur mental health efforts focus
on three goals:
Protect: We develop a workplaceculture that supports mental
well-being.
Promote: We raise awareness ofmental health and break down stigma
through education and peer support.
Provide: We provide information,
resources, and confidential services
that are culturally relevant andaccessible across the workforce.
Physical health is another critical focus
and key component of our wellness
framework. We encourage andpromote physical activity and healthyeating among our Associates because
it fosters a sense of wellbeing, builds
community, and helps everyone feel
their best both at work and in theirpersonal lives.

Our Responsible Workplace Program
Our Responsible Workplace Programaims to drive respect for the humanrights of all Associates and otherworkers in our workplaces.
We routinely evaluate our factories
to identify human rights risks andimpacts. We engage independent
auditors, experts in labor issues, toassess our workplace human rights
performance against local laws and theMars Responsible Workplace Standard,
which details our human rights
standards and expectations for our own
Associates, including prohibitions on
forced and child labor.

Building on our longstanding focus
on factories, we have expanded our
Responsible Workplace efforts toinclude retail stores and research anddistribution centers. In 2023, we piloted
a first-of-its-kind workplace assessment
to help our veterinary professionals
thrive. Additionally, Mars Veterinary
Health has implemented a series oftargeted initiatives to support themental health of its more than 70,000
global Associates. Mars Veterinary
Health aims to create a supportive
environment across its 3,000+ clinics
worldwide, setting new industry
standards and improving the wellbeing of Associates. Learn more here.

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Our Associates

26Respect for human rights is the foundation for any
successful and sustainable business, and our goal isfor everyone touched by our business to be treatedwith fairness, dignity, and respect. Yet challenges
to human rights are widespread across the global
economy and can be particularly complex at thefarthest ends of global supply chains.
Our Human Rights Policy articulates our commitment
to respect human rights across our value chain. In
accordance with the United Nations Guiding Principles
on Business and Human Rights (UNGPs), Mars conducts
human rights due diligence to help identify, prevent,mitigate, and communicate how we address relevant
human rights risks.
Through a risk assessment process, we identified
five salient issues: forced labor, child labor, lack ofliving income and wages, gender discrimination, andmental and physical health and safety. We deploy
programs to prevent and address salient issues in ourown operations, at tier 1 supplier sites, and across our
extended supply chains. As part of these programs,
we seek to provide or support the provision ofremedy consistent with the UNGPs when we cause orcontribute to an adverse human rights impact.

TIER 1 SUPPLIERS

Next Generation Supplier Program
Our Next Generation Supplier program aims to ensure that our tier 1 suppliers
respect human rights in their workplaces and operations.
Align

Advance

The Mars Supplier Code of Conduct
describes the standards we expect
our tier 1 suppliers to uphold,including with respect to humanrights, the environment, and ethics.
It also establishes an expectation that
suppliers apply our Code to subcontractors and cascade its contents
down the supply chain.

Through our Supplier Advance
programs, selected suppliers workwith third-party experts to build
capacity to help prevent and addresssignificant issues, such as recruitment
practices, health and safety, childlabor, grievance management,
gender equality, and workplace
discrimination. Mars launched five
Supplier Advance programs in 2023.
A Supplier Advance program with apalm oil supplier focused on enabling
workers to raise issues and havethem addressed, and on improving
the experience of the subcontracted
workforce and their awareness of
their rights. In an endline worker
voice survey of this program, 80% of
workers agreed that communication
with management had improved
compared to the previous year.

AssessFor suppliers operating in highrisk locations and sectors, we use
EcoVadis, a third-party verified selfassessment tool that covers a broad
range of human rights. Based on
identified risk, some suppliers will be
expected to participate in on-sitesocial compliance audits and to
improve their management systems.

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Advancing Respectfor Human Rights

27

Sustainable
Sourcing Programs
Our Sustainable Sourcing programs
focus on advancing respect forhuman rights in our extended supply
chains, in close collaboration with
our tier 1 suppliers, their business
partners, the industry, government,
civil society organizations, andcommunities. Our ProtectingChildren Action Plan, for example,
outlines our strategic approach toprotecting children in cocoa farming
communities. We prioritize work on
supply chains where severe humanrights risks may be present, suchas cocoa, fish, palm oil, and sugar.
Our programs target human rights
risks such as poverty, child labor,
forced labor, and health and safety,
as applicable. These initiatives are
multi-year efforts, as expert third
parties build the capacityof prioritized suppliers tounderstand and address issues
in their supply sheds.

Advancing Human Rights in
Mexico’s Sugarcane Fields

Advancing Human Rights in
the Fishing Industry

Advancing Human Rights Throughout
the Palm Oil Supply Chain

In Mexico, a four-year program witha sugarcane supplier, in collaboration
with implementing partners Veritéand Proforest, has helped the supplierimprove its due diligence processes tomonitor, address, and prevent laborrisks to sugarcane cutters in its supply
chain. The program also engaged key
actors in the broader local sugarcane
production ecosystem to raiseawareness, build capacity, and shiftnorms of labor practices.

Our fish human rights program in
Thailand focuses on engaging acrossthe sector to drive improvements in
respect for human rights – addressing
risks of forced labor and overall working
conditions in factories supplying Mars
Petcare and on fishing vessels in our
extended supply chain.

We recognize the need to reimagine
how palm oil is both sourced andused – and reduce the likelihood ofnegative human rights consequences.
We have deepened work with suppliersin Malaysia to support their humanrights efforts within our palm oil
supply chain. This includes supporting
multi-year projects on supporting
remediation of worker-paid recruitment
fees and implementation of responsible
recruitment systems moving forward.
We are collaborating with Dignity inWork for All (DIWA), CGF, and Verité,
who use industry-leading bestpractice and help actors in the supply
chain create long-term plans thatprioritize human rights acrossplantation operations.

A state-of-the-art labor risk monitoring
system now covers more than 3,700
cane cutters, 88% of the total cutter
population for the supplier’s supply
shed. Accident rates, as reported
by workers, have declined by nearly
40%. This program received a World
Procurement Award for environmental
and social impact in 2023.

Mars Petcare has introduced a longerterm engagement model that is a
strategic shift away from traditional
auditing. to a greater emphasis on
dedicated coaching with a focus on
Employer Pays Principle and responsible
recruitment. In 2023, we initiated amulti-year capability building programwith a major tuna trader, involving
expert third party advice designed
to improve the trader’s due diligenceprocesses to monitor, address,
and prevent human rights risks oninternational fishing vessels.

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EXTENDED SUPPLY CHAINS

28

Hundreds of millions of smallholder farmers
are part of producing food within the world’s
supply chains, and far too many of them livein poverty. We believe everyone working
within our extended supply chains should earnsufficient income to maintain a decent standardof living. We are focusing on doing our part toincrease the incomes of smallholder farmers.
This is particularly important in the context
of climate change, which may have the mostsignificant effects on the most vulnerable
in our value chain. Smallholder farmers in
low-income countries face major threats
to maintain their livelihoods, food systems
and economies with changing seasonality
and increasingly unpredictable and extreme
weather. These impacts demonstrate theimportance of creating more resilience in our
supply chain and our work to advance living
incomes for farmers is central to our Thriving
People strategy.

Farmer Income Lab
The Farmer Income Lab was created by industry,
for industry with the goal of accelerating evidencebased action to enable farmers to achieve decent
standards of living.
Under the Farmer Income Lab Mars is supporting are
the Livelihoods Ecosystem Advancement Programme(LEAP) and the Advancing Cocoa Agroforestry
Towards Income, Value and Environmental
Sustainability (ACTIVE) Project. These two programs– designed in consultation with cocoa farmers
and a network of leading organizations, including
Fairtrade, ECOOKIM, USAID and I4DI – aim tosupport nearly 14,400 smallholder farmers in Côte
d’Ivoire and Indonesia on a path to a living income
by 2030. In early 2023, LEAP completed its inception
phase, conducting detailed analysis with farmers andthe wider cocoa ecosystem and producing studies
on cooperative structures, income diversification
opportunities, and farmers’ financing needs.
In 2023, LEAP directly reached more than 1,700
members, out of the total cooperative member
population of nearly 5,400 who indirectly
benefitted from the project’s work on cooperative
strengthening. Through ACTIVE, over 2,100 farmers
participated in comprehensive cocoa agroforestry
trainings in 2023, covering diversified farming,
non-cocoa Good Agricultural Practices, family
decision-making, and financial literacy.

Improving Livelihoods in
Our Mint Supply Chain
Mars, in partnership with Tanager, launched the
Shubh Mint program in 2017 with the goal ofaddressing low incomes, gender disparities, andwater stress among mint farmers in Uttar Pradesh.
To date, the program has trained 22,000+ mint
farmers on good agricultural practices, more thandoubled incomes from mint, and engaged
more than 8,000 women through trainings inrights and entitlements, skills, access to capital,
nutrition, and financial literacy. To enable further
progress toward living income, we are now working
through our suppliers and project partners to
support a full farm approach that goes beyond
mint, and to support women in leading off-farmincome diversification.

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Increasing
Income ofSmallholder
Farmers29

Research proves that unlocking opportunities
for women is not just the right thing to do –it bolsters communities, drives profitability
and enhances value. We’re taking action
to address the barriers that women face sothat they can reach their full potential.
We also have a number of women-focusedleadership development programs and twothirds of Mars business leadership teams
are gender diverse.
Additionally, we have five Global Associate
Resource Groups (ARGs) designed to guide andsupport our 100+ ARG chapters so that we candrive better collaboration, inspire each otherand maximize impact both globally and locally.
This includes our Global Women & Allies ARG,
which represents more than 30 ARGs focusedon women, allies, and caregivers. These groups
help build community and drive collection
action, so that Associates feel like they belong
and can bring their whole selves to work.

Women for Change in our Cocoa Supply Chain
The wellbeing of women in cocoagrowing communities is vitalto their and their families’ foodsecurity and nutrition, education,and health. To improve the livesof women and their families incocoa-growing communities,
CARE and Mars launched the
Women for Change (W4C)
program in 2016.

Building on CARE’s Village Savings& Loan Association (VSLA) model,
W4C helps to support womenin accessing resources andovercoming barriers.
Implemented in Côte d’Ivoire andGhana, W4C focuses programming
and resources on financial
inclusion, entrepreneurship,gender equity, and healthyfamilies. The program’s successis grounded in a proven theory

Improving Women Shea Farmers’ Lives and Livelihoods
In 2021, Mars launched the
Women in Shea Initiative (WISH) in
collaboration with the U.S. Agency
for International Development(USAID/Ghana), the Livelihoods
Fund for Family Farming,and strategic partners AAK,
Presbyterian Agriculture Services,
and CARE. The 10-year program in
Northern Ghana aims to establish
a sustainable shea supply chain,with the goal to enhance thelivelihoods of 13,000 womenfarmers. Over the past three
years, the program has impacted
over 5,000 women throughcapability building on financial
literacy, improved access to
smoke-reducing cookstovesand more efficient means oftransportation for carrying
heavy loads long distances.

of change, demonstrating thatempowering women can lead to
improved wellbeing for families
and contribute to achieving aliving income. 90,000 W4C VSLA
members to date have beenreached by the program, whohave collectively mobilized over
$11M in savings and credit toinvest back into their businesses
and family needs.

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UnlockingOpportunities
for Women

30

We are committed to supporting
the wellbeing of our Associates
and consumers by delivering
products and services that are
trusted and enjoyed, and in turnenabling people and their pets
to live healthier, happier lives.
Mars believes people should have accessto the products and information they needto live healthier lives – from our Associates
who come to work at Mars, to the millions
of consumers who enjoy our products allover the world. Each day, we continue tomake progress in promoting safe, nutritious
food for people and pets while complying
with responsible marketing standards.

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Nourishing
Wellbeing

31

TARGET

Starting in 2021, deliver 5.5 billion
healthy meals per year by 2025,
including 4 billion servings ofvegetables, a 30% increase infiber servings, and a 5%
reduction of sodium.

2023 PROGRESS

3.1B

120M

healthy meals

servings of fiber

Gülen Bengi

346M

5.1%

servings of vegetables
provided

reduction in sodium“

Delivered by Mars Food & Nutrition Teams

Deliver compliance with our Mars
Marketing Code commitments at
95% for marketing content and
97% for marketing placement.

Ensuring that our Associates andpartners uphold our commitments tomarket our brands responsibly is nonnegotiable. People enjoy our products
and services all over the world and thisis a direct commitment to them.”

99.5%

99%

media placement
compliance

content compliance

Published in our sixth annual Mars Marketing Code Governance Report

Lead Chief Marketing Officer, Mars, Incorporated

At Mars Food & Nutrition, we want tohelp people eat better by making foodhealthy, tasty, and accessible. This has
been at the heart of our strategy for atleast a decade, brought to life throughstrict and widely agreed upon nutrition
criteria, ambitious commitments, and anumber of initiatives and partnerships.
We are proud of our progress and arecommitted to doing more, helping
consumers make healthier choicesin their daily lives.”

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix“

2023 Nourishing Wellbeing Highlights

Emma Reynolds
Global Vice President Corporate Affairs,
Mars Food & Nutrition32

We recognize our role in helping people makehealthier choices, as well as improving nutrition
for those in need.
Our goal is to create moments of happinesswith our fun and tasty snacking products. At
the same time, we must continue to evolve ourportfolio and provide meaningful choices. By theend of 2017, nearly all of our products (99%) in
our Mars Wrigley business were equal to or lessthan 250kcal per single serving. Additionally,
50% of our global Mars Wrigley portfolio now
exceeds this standard and is at or below 200kcal
per single serving.
This includes reduced sugar products inGermany, which contain 30% less sugar and no
artificial colors, flavors, or preservatives. In the
U.K., we launched Triple Treat in 2022 – bars
packed with over 75% fruit and nuts, making
them high in fiber – available in variants thatleverage our iconic brands: MARS®, SNICKERS®,GALAXY®, and BOUNTY®.

We are also using the power of our brands tochampion positive emotional and social experiences.
Last year we launched the M&M’s® FUNd to track ourbrand’s progress against our global commitment toincrease the sense of belonging for 10 million people
around the world by 2025. The Maltesers Mental
Health Campaign that was launched in the UK in 2021
continues to drive awareness and impact for thoseneeding support.

We also partnered with Delta Group, Molina
Healthcare, and The Community Foundation of
Washington to create The Washington County
Food Access Improvement Fund, which provides
long-term support for food pantries and nonprofit
organizations with a $400,000 commitment toprovide 20,000 healthy meals to Washington
County residents in Mississippi over next three years.
We were also awarded Mississippi Food Network’s
2023 Hunger’s Hero Award to recognize ourlasting and dedicated service to help feed thehungry throughout the state of Mississippi.

We will continue to work on our portfolio and innovate
where we can make improvements including:•Since 2021, we have donated over 33 million meals
to people in need worldwide, exceeding the initial
goal of 25 million meals by 2025.

••

In 2023, Mars Food & Nutrition delivered
3.1 billion healthy meals, 120 million servings offiber, 346 millions of servings of vegetables anda 5.1% reduction in sodium.

In Australia, we donated 3.5 million meals
to people facing food insecurity, including
through the Foodbank and our Collaborative
Supply Program.

•In the U.K., we have partnered with the Trussell
Trust for the past four years in the Stand Against
Hunger campaign, supporting a network ofover 1,300 food banks addressing hunger incommunities across the UK.

•

We introduced innovations in our portfolio thatmake it easier for consumers to eat convenient,
healthy meals, for example, Ben’s Original™ Plant
Powered vegetarian microwaveable meals andBen’s Original 10 Medley™, which includes tenhearty grains, vegetables, legumes, and herbs.

•

In Mississippi, USA the Ben’s Original™ brandactively supports the No Kid Hungry campaign,
contributing 2.5 million meals to children inneed throughout the country.

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Enabling
Health andWellbeing33

Responsible
Marketing

At Mars, food safety is a top priority.
As a global food company, we takea rigorous, science-based approach
focused on practical methodologies
to keep people and pets safe, protect
our business, and make the bestuse of our planet’s resources. We
focused on elevating food safety
through collaboration, partnering withacademia, advanced technology, andstrengthening supply chain resilience.
For example, through partnerships
with Danone and Shanghai Jiao Tong
University, Mars’ Global Food Safety
Center’s (GFSC) has delivered faceto-face trainings to more than 500
participants, marking a significant
milestone in our commitment toelevate food safety and quality
across the industry.

Our brands are well-known bypeople around the world, which is
why we take responsible marketingof them very seriously. We strive
to deliver strict compliance withmarketing rules, including ourown Mars Global Marketing Codefor Human Food, which provides
clear information and promotes
appropriate use of our products andservices. The Code applies to ourmarketing communications for all
human food products produced andlicensed by Mars on a worldwide
basis on all communication channels– from advertising to packaging
and websites.
As part of our Code, we haveoutlined a steadfast commitment torefrain from marketing to children
11

younger than 13 years old. Based on
scientific evidence, we believe theycannot identify and understand thepersuasive intent of advertising11.
Instead, we equip gatekeepers,such as parents, with theinformation they need to decide
what is right for their child’s diet.
We publish an annual Mars
Marketing Code Governance Reportto share progress, based on thirdparty audited data. Our sixth suchreport in 2023 displayed complianceachievements of 99% for media
content standards and 99.5%

for media placement standards,
exceeding our targets of 95% and
97% respectively and continuing
last year’s strong performance.
Our results demonstrate that ourmarketing governance practices
are working – driving the rightbehavior of our Associates andagency partners to uphold thecommitments we made to market
our brands responsibly. Moreinformation on our approach toresponsible marketing can befound here.

 e have based our Marketing Code on a number of studies, including the 2006 National Academy of Sciences report, “Food Marketing to Children and Youth:W
Threat or Opportunity?” This report concluded that there is “strong evidence” that television advertising influences the food and beverage preferences andpurchase requests of children ages 2-11, and “moderate evidence” that television advertising influences the food and beverage beliefs of children ages 2-11, and“insufficient evidence” that television advertising influences the preferences, purchase requests, or beliefs of teens age 12-18. Other studies consulted include“Is television advertising good for children? Areas of concern and policy implications” from the International Journal of Advertising; “Review of the research on
the effects of food promotion to children” by the U.K. Food Standards Agency; “ Does advertising literacy mediate the effects of advertising on children? A criticalexamination of two linked research literatures in relation to obesity and food choice” from the Journal of Communication; and “The development of a child into a
consumer” from the Journal of Applied Developmental Psychology.

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Promoting Safe
Food for All34

We are a business dedicated to promoting theoverall health and well-being of pets around theworld. Throughout 2023, across four divisionsof Petcare, Mars served more than 450 million
pets, providing nutrition and healthcare. We also
continued to support vulnerable pets and theirowners by tackling pet homelessness, supporting
disaster relief, and making other interventions via
our foundations, brand programs, and Mars
Volunteer Program activities. This included
supporting shelters and communities throughfeeding programs, vaccination clinics, and spay andneuter initiatives to help control stray populations.
In 2023, we concluded the State of Pet Homelessness
Project, a global data initiative to better study andaddress the issue. This builds on a significant historyof work by Mars and its partners supporting almost
10 million vulnerable pets across the world over thelast three years. Including donating more than 100
million meals to vulnerable pets, sterilizing over
30,000 free-roaming animals and providing morethan 100,000 pets with comprehensive preventive
care, including wellness checks, preventive
medicine and vaccinations.

Advancing science to support pets is a particularfocus of our work. Recruitment is underway for
the MARS PETCARE BIOBANK™, which aims to
support incredible health advancements by using
biological data of 20,000 pets (10,000 dogs and10,000 cats) enrolled over the next decade, making
it the biggest and most comprehensive real-world
study of its kind.
At the Waltham Petcare Science Institute, we also
look at the science surrounding the human-animalbond. For example, a recent study highlights theimportant role pets play in the lives of children and vice versa. The study showed that the stresshormone, cortisol, decreases for both children anddogs during their everyday interactions, pointing to
the importance of emotional connections with ourpets. We are eager for this work to accelerate
in 202412.
12

 itanjali E. Gnanadesikan et al. Glucocorticoid response toGnaturalistic interactions between children and dogs. Hormones
and Behavior. Volume 161, May 2024.

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Caring for Pets

35

Committing to ethics and good
governance in everything we do
We conduct business around the world
with the highest standards of ethics and inagreement with the law.
To ensure our plans turn into performance,
we have established a multilayered governancesystem where each of our business segments
employ cross-functional teams of seniorleaders to monitor the results, activity set,
and investments contributing to overall
Mars results.

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Governance36

Our Sustainability Steering Group, composed of seniorsustainability VPs, is responsible for defining what itmeans to be a truly sustainable business, and making
recommendations to the Mars Leadership Team andBoard on scope and ambition. Additionally, we have asenior level Sustainability Reporting Steering Committee
to direct our efforts on sustainability reporting.
Our Methodology Restatement Group, withrepresentation from Finance, Science, and Sustainability,
governs the ongoing upgrades and improvements toour sustainability accounting.
Our Leadership Team is responsible for the overall
direction of our sustainability work as well as allocating
the resources and investments needed to deliver it.
Our Board of Directors are informed annually of ourplans and performance, and the Board of Directors
and its Committees provide oversight over our
Sustainable in a Generation Plan.

We proactively engage policymakers andother stakeholders to establish a level playing
field and deliver the world we want tomorrow.
This includes supporting regulation to
enable climate action, a circular economy for
packaging, and sustainable supply chains.
Everything we do is guided by our Five
Principles, including how we approach our
external engagements. From governments
and regulators to trade associations, peers,and NGOs, we approach all our engagements
in a transparent and ethical manner.
We do not give financial or in-kind
contributions to political parties or candidates.
For more information on our advocacy andlobbying disclosures and our policies andpractices, click here.

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

PUBLIC POLICY & ADVOCACY

For more information on our governance andglobal compliance, click here.

37

The Sustainable in a Generation Plan is a living
document Mars updates as the world changes, ourbusiness evolves, and science advances. Over theyears, we have added near and longer-term GHG
targets approved by the Science-Based Targets
Initiative. Our initial plan was informed by a 2017
materiality assessment. We will carry out a double
materiality assessment, as required by the EU
Corporate Sustainability Reporting Directive,
which may inform our strategy.
The actions described in this report are implemented
with a risk-based approach to prioritization anddeployment. The applicability of certain programs mayvary based on the differences between our consumer
goods businesses and our services businesses, which
can have different risk profiles. Certain acquired
businesses are also at different stages of program
rollout regarding the elements discussed herein.
The activities and examples presented in this report
are for illustrative purposes only and do not purport

to be a complete list thereof. The information inthis report may be approximate. Due to rounding,figures presented in this report may not add up
precisely to the totals provided and percentages may
not reflect absolute figures. Unless otherwise noted,
data in this report is not externally verified or assured
and may be restated in the future if more accurate
data becomes available.
Sustainability goals and targets outlined in this reportreflect our expectations based on the data, analysis,
judgments, and assumptions available at the time thatthey were set. As data collection improves, accepted
data measurement methodologies evolve, scientificunderstanding advances, and underlying assumptions
change, our goals and targets may change and ourbaseline years may be reset.
Further, the methodologies we have used to set our
respective targets are at varying levels of maturity,and some or all of these methodologies may evolve
over time. In some cases, we may determine to adjust

our commitments or goals or establish new ones toreflect changes in our business, operations, or plans.
Further, we are subject to changing economic,
competitive, regulatory, technological and other risks
that may impact our future results in ways we cannot
predict; these risks and other considerations, including
but not limited to future business acquisitions, may
impact the company’s ability to meet our current
targets. The statements and information are notguarantees of future performance, nor promises thatour goals will be met. Except where otherwise noted,
statements and information exclude acquisitions
after December 31, 2023, certain other recent
acquisitions that have not yet been integrated into oursustainability reporting, and certain co-manufacturing
activities unrelated to our GHG reporting.

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

About This Report

Please direct any questions or feedback tosustainability.reporting@effem.com.

38

Relevant Policies, Statements, and Other Documents
Anti-corruption and Human Rights
Expectations for Business Partners
Mars’ guidelines and expectations forbusiness partners regarding anti-corruption
and human rights.

Climate Action Position Statement
Mars’ stance and strategic approach towards
addressing climate change.

Deforestation and Land Use
Change Position Statement
Mars’ commitment to preventing
deforestation and promoting sustainable
land use practices.

Land Use Position Statement

Maketing Codes

Detailed statement on Mars’ policies andstrategies regarding land use and impacts.

Mars commitment to responsible marketing.

Lobbying Disclosure Act (LDA)
Database
Transparency in lobbying activities,
as disclosed in the Lobbying Disclosure
Act (LDA) database.

Supplier Code of Conduct
Standards and expectations set by Marsfor its suppliers regarding ethical conduct andbusiness practices.

Global Human Rights Disclosure
EU Transparency Register
Mars’ registration and disclosure of lobbying
activities in the EU Transparency Register.

Human Rights Position Statement

Mars’ mandatory disclosure describing ourapproach to human rights due diligenceand to the specific issues of modern slavery
and child labor.

Mars’ commitment to upholding andpromoting human rights across its operations
and supply chain.

Next Generation Supplier Program

Income Position Statement

Privacy Statement

Mars’ perspective and policies on income
generation and economic sustainability
within its supply chain.

Mars’ commitment to protecting
personal data and privacy of consumers
and stakeholders.

Mars’ enhanced approach to suppliersustainability.

Supplier Code of Conduct
Guidebook
Detailed guidebook providing further
explanation and practical guidance on
the Mars Supplier Code of Conduct.

Supplier Diversity Program
Mars’ program aimed at promoting
supplier diversity.

Water Stewardship Position
Statement
Mars’ policy on sustainable water use
and management within operations
and supply chain.

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Appendix39

Scope 1 + 2

2023

Unit

Scope 1

921,935

781,860

tCO2e

Scope 2 (Market-based)

879,033

402,417tCO2e

26,326,362

21,266,462

tCO2e

Scope 3 category 2: Capital goods

161,957

197,287

tCO2e

Scope 3 category 3: Fuel-and-energy-related
activities (not included in Scope 1 or 2)

212,307

159,601

tCO2e

Scope 3 category 4:
Upstream transportation and distribution

1,272,528

1,375,955

tCO2e

Scope 3 category 5:
Waste generated in operations

38,02840,843tCO2e

Scope 3 category 6: Business travel

63,717

82,058tCO2e

Scope 3 category 7: Employee commuting

134,814

159,876.03

tCO2e

Scope 3
Scope 3 category 1: Purchased goods and services

Scope 3 category 8: Upstream leased assets
Scope 3 category 9:
Downstream transportation and distribution

tCO2e
4,892,071

4,708,253.07

Scope 3 category 10: Processing of sold products
Scope 3 category 11: Use of sold products

tCO2e
tCO2e

34,25922,758.80

tCO2e

Scope 3 category 12:
End of life treatment of sold products

tCO2e

Scope 3 category 13: Downstream leased assets

tCO2e

Scope 3 category 14: Franchises

tCO2e

Scope 3 category 15: Investments

tCO2e

Total Scope 3 emissions

33,136,043

28,013,094

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Performance
Data

Restated Base Year (2015)

tCO2e

40

Metric

Unit

Reference page number in report

Notes/Explanations

A Healthy Planet
Reduction of total greenhouse gas emissions
across value chain

16%

10, 13

Reduction in unsustainable water use

27%

10, 19Reduction in land use

6%10, 11, 16

Reduction in footprint of direct operations

34%

13

Number of LEED certified projects globally

50+

14

Procurement of renewable electricity

59%

14

Polygon mapped cocoa source farm plots

310,000

16

Coral reef restoration

38,300 square meters
restored21

Corals planted

461,820

21

Total number of cocoa plots polygon mapped

310,000+

16

This is largely attributable to our work to reduce water use in our rice andmint value chains.

Reducing greenhouse gas emissions

Creating a climate smart future & tackling deforestation

Our palm and palm kernel oil are deforestation free

100%

17

Based on certification for palm and palm kernel oil that Mars buys
directly. Palm Oil used in our North American operation is purchased
under the mass balance supply chain. Under this method, Palm Positive
Palm and non-Palm Positive Palm may be mixed during processing,shipping, and manufacturing. This is due to supplier infrastructure
constraints such as crude refining capacity. However, we instruct our
suppliers to purchase Palm Positive Palm in enough quantity from oursimplified mill list to cover all Palm used in our direct North American
operations. All mass balance volumes are traced for deforestation utilizing
a rigorous mapping, monitoring, and management system through ourpartners Earthworm Foundation and Earthqualizer.

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Performance
Data

Considers palm oil and palm kernel oil.

41

Metric

Our global beef volumes are at low risk of deforestationand conversion

Unit

99%

Reference page number in report

Notes/Explanations

17

Considers the total amount of direct purchases of beef ingredients in Mars
Petcare, which accounts for the material portion (99.9%) of the total beef
supply to Mars.
Considers the total amount of direct purchases of soy products in Mars
Petcare, which accounts for the material portion (93%) of the total
soy supply to Mars. Additionally, it excludes some new mergers andacquisitions and co-manufacturing. See the latest version of the Guidanceon the Forest Positive Soy Roadmap.

Our direct soy volumes are at low risk of deforestationand conversion

91%

16

Pulp and paperbased packaging is responsibly sourced

95%

18

Transforming Packaging

Packaging in portoflio that is reusable, recyclable
or compostable

61%

22, 23

PVC removed from our packaging as of the end of 2023

99%

23

Recycled content in our portfolio

1.50%

23

People reached through human rights efforts

750,000

25

Farmers impacted through increased incomes

142,000

25

Women reached by programs designed toenable them to thrive

103,000

25

1,700

29

Thriving People

For more details on our progress on the plastic specific, Ellen MacArthur
Foundation Global Commitment targets, please visit
http://www.ellenmacarthurfoundation.org.
Overall Design for Circularity percentage would be higher with theinclusion of transport and tertiary packaging, however, Mars considers
that out of scope.
Excludes medical applications.

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Performance
Data

Increasing income
Cocoa farmers on path to sustainable income
Advancing respect for human rights
Unlocking opportunities for women42

Metric

Unit

Reference page number in report

Women in farming and agricultural communities

89,000+25

Percentage of business leadership teams thatare gender diverse

66.67%

30

Employee resource groups for women

30

30

Healthy meals delivered by Mars Food & Nutrition

3,100,000,000

32, 33Servings of vegetables provided

346,000,000

32

Sodium reduction across portfolio

5.10%

Servings of fiber

120,000,000

33

Meals donated to food bank partners

33,000,000

33Media placement compliance99.50%

32

Content compliance

99.00%

32

Donated meals to vulnerable pets

100,000,000+

35

Free-roaming pets sterlized

30,000 free roaming
pets

35

Providing pets with comprehensive preventive
care, including wellness checks, preventive
medicine, and vaccinations

100,000

35

Nourishing Wellbeing
Providing healthy food32, 33

Responsible marketing

Caring for pets' futures

Notes/Explanations

Letter from our CEO About Mars Healthy Planet Thriving People Nourishing Wellbeing Governance Appendix

Performance
Data

43

© 2024 Mars, Incorporated and
its Affiliates. All Rights Reserved.