Mars Signs First European Renewable Acceleration Contract in Europe in Partnership with GoldenPeaks Capital to Power Full Value Chain

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• Mars signs its first Renewable Acceleration contract in Europe, in partnership with GoldenPeaks Capital to cover direct operations in support of its 100% renewables commitment.
• That contract has been sized to not only cover Mars direct operations but to also start extending renewable electricity supply to cover Mars full value chain.
• GoldenPeaks Capital will develop over 100 solar projects in Poland, the Mars portion of which will help deliver more than 129MWac (approximately 58% of the larger project's total output) of new renewable energy – enough clean power to supply approximately 100,000 households annually and accelerate the country's transition from coal to a low-carbon future.

MCLEAN, Va., Oct. 7, 2025 /PRNewswire/ -- Mars, Incorporated continues to advance its Renewable Acceleration strategy to cover its full value chain by teaming up with GoldenPeaks Capital, a leading European renewable energy developer, to launch over 100 new solar projects in Poland.

This new contract with GoldenPeaks Capital in Poland is creating what is believed to be the largest multi-buyer renewable energy deal in the Central and Eastern Europe region. It includes 100+ new solar projects, which will come online in 2027 and deliver more than 129MWac of clean energy to Mars and will generate approximately 222 GWh annually – enough to power approximately 100,000 households each year, and support Poland's transition from coal while advancing EU climate goals. Alongside the Mars contract covering direct operations and some scope 3 electricity needs, Mars partnered with Cargill who has signed its own deal with GoldenPeaks Capital which helped give scale to these new solar farms. Having a supplier like Cargill working directly on its electricity use complements the Mars Renewable Acceleration approach and creates a win-win for all. 

"I'm delighted to see the momentum we are getting with our Renewable Acceleration program. Building on our recent work with Enel in North America, this next step in Europe clearly demonstrates our vision to make renewables the standard wherever Mars does business. It's unique and significant that one of our largest suppliers, Cargill, is joining us to accelerate the shift to clean energy for our shared supply chains, benefiting the communities we serve. Climate action must be global to be truly effective, and these partnerships show that scale is possible when we all work together," said Kevin Rabinovitch, Global VP Sustainability at Mars.

Adriano Agosti, Founder and Chairman of GoldenPeaks Capital said: "Mars, as a global company with the footprint of a small country, has transformed its global responsibility into an opportunity, driving the process of decarbonization across its full value chain. GoldenPeaks Capital is proud to be a partner and play a role to serve this global purpose."

The Mars Renewables Acceleration program is designed to accelerate the shift from fossil fuels to clean energy – not just for Mars-owned sites, but across its entire value chain by bringing the totality of its energy usage into the renewables market. With the Enel partnership in North America announced earlier this month and now GoldenPeaks Capital partnership in Europe, Mars is building a truly global approach to decarbonizing its operations and full value chain.

Additional global agreements are in the pipeline for Mars. With each additional contract, the company expects the Renewable Acceleration program to contribute toward a 10% reduction of its total carbon footprint by 2030. The Renewable Acceleration program is part of Mars strategy to achieve Net Zero by 2050, which also includes tackling deforestation, supporting climate-smart agriculture, improving transportation and embedding sustainability across the business.

About Mars, Incorporated  

Mars, Incorporated is driven by the belief that the world we want tomorrow starts with how we do business today. As an approximately $55bn family-owned business, our diverse and expanding portfolio of leading pet care products and veterinary services support pets all around the world and our quality snacking and food products delight millions of people every day. We produce some of the world's best-loved brands including ROYAL CANIN®, PEDIGREE®, WHISKAS®, CESAR®, DOVE®, EXTRA®, M&M's®, SNICKERS® and BEN'S ORIGINAL™. Our international networks of pet hospitals, including BANFIELD™, BLUEPEARL™, VCA™ and ANICURA™ span preventive, general, specialty, and emergency veterinary care, and our global veterinary diagnostics business ANTECH® offers breakthrough capabilities in pet diagnostics. The Mars Five Principles—Quality, Responsibility, Mutuality, Efficiency and Freedom—inspire our 150,000 Associates to act every day to help create a better world for people, pets and the planet.   

For more information about Mars, please visit www.mars.com. Join us on Facebook, Instagram, LinkedIn, and YouTube.     

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