Daily Archive: October 6, 2020

‘We’re weeding out the bad actors’: Mars says its M&Ms no longer contribute to deforestation

Mars Inc., the maker of Snickers and Dove candy, is trimming the ranks of its palm-oil suppliers and says it has now eliminated those that can’t commit to preventing deforestation.

The company said on Tuesday that it has reached the point where its palm-oil use is no longer contributing to the clearing of tropical forests—a practice that’s a major contributor to global warming. With fewer suppliers, Mars said it’s easier to verify that the providers are meeting environmental and ethical goals.

Mars is using satellite mapping to monitor land use and third-party validation, and says it has asked its suppliers to apply the same rules to all production, including for other buyers. Mars has gotten rid of two major suppliers and 21 second-tier suppliers for not following its protocols.

“We have cleaned up our act,” said Barry Parkin, chief procurement and sustainability officer at Mars. He added that the aim … Read More

UK’s Johnson promises lower deposits to boost home ownership By Reuters

© Reuters. Britain’s Prime Minister Boris Johnson leaves Downing Street

LONDON (Reuters) – British Prime Minister Boris Johnson pledged on Tuesday to make it easier for first-time homebuyers to take out a mortgage, in an effort to overturn “disgraceful” low rates of home ownership among young people.

“We need now to take forward one of the key proposals of our manifesto of 2019: giving young first-time buyers the chance to take out a long-term fixed-rate mortgage of up to 95% of the value of the home,” Johnson said in his keynote speech to the Conservative Party Conference.

Johnson said it was a “disgraceful truth” that millions of people were forced to pay rent on homes they could not truly make their own.

The rate of home ownership among people aged 25 to 34 has fallen sharply over the last few decades, from 67% in 1991 to around 40% today, according

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