Renewables Acceleration Strategy for Corporate Decarbonization

This document is a technical report detailing the Renewables Acceleration (RAcc) strategy proposed by Mars, Incorporated to enhance renewable energy procurement across corporate value chains. It outlines the need for a significant transition from fossil fuels to renewable energy to achieve global decarbonization goals, specifically the UN's call for a tripling of renewable energy capacity by 2030. The report explains how RAcc can efficiently extend renewable procurement beyond direct suppliers to encompass the entire value chain, potentially increasing Mars' renewable electricity consumption from 2 TWh to 8-9 TWh. It discusses the importance of addressing Scope 3 emissions, which are often larger than Scope 2 emissions, and presents RAcc as a complementary approach to existing supplier engagement strategies. The report emphasizes the necessity of accurate GHG accounting and the role of life cycle analysis in determining electricity use across various supply chain stages, ultimately advocating for a broader adoption of renewable energy solutions within corporate frameworks.