Soy Sourcing and Deforestation Action Plan Progress Update

This document is a progress update on Mars, Incorporated's Soy Sourcing and Deforestation Action Plan for the year 2024. It outlines the company's commitment to eliminate deforestation and conversion of natural ecosystems in its supply chains for direct soy ingredients sourced from Latin America by 2025. The report provides data on the sourcing of direct soy, indicating that 96% of global direct soy volumes are from low-risk regions for deforestation. It details the methodologies employed for mapping, managing, and monitoring supply chains, including geospatial risk analysis conducted by Proforest. The document also highlights collaborative efforts with industry peers and suppliers to advance sustainable practices. Furthermore, it discusses initiatives such as the Next Generation Soil project aimed at promoting regenerative agriculture among soy farmers. The report concludes with a commitment to robust reporting and continuous improvement in methodologies to align with industry standards.