Mars wants candy makers to fight obesity
The parent of M&M's doesn't want the industry to wait for governments to tell it to do the right things.
Candy makers, whose products account for about 2% of the calories consumed in the typical American diet, are already feeling the heat. Some states have implemented candy taxes, and celebrities have been criticized for promoting what are considered to be unhealthy food and drinks. More government actions may follow.
"We need the whole industry to step up," Mars North America President Debra Sandler told a recent industry conference, according to Confectionery News. "We are not judged by the leaders of the category but by those who do not take responsibility for change."
Closely held Mars, whose brands include M&M's and Wrigley gum, is getting praise for this stance from groups such as the Center for Science and the Public Interest (CSPI) that are often critical of good companies. As ABC News.com noted, Mars pushed the U.S. Congress to pass the Healthy Hunger-Free Kids Act in 2010, which required food served in schools to meet certain nutritional standards -- which led to candy being excluded.
Mars also won't directly market its products to children under 12 years old, a policy adopted by its competitors. And it began putting nutritional information on the front its packages in 2010. Officials at Mars, Hershey (HSY) and the National Confectioners Association couldn't be reached.
"Mars has been making an effort to be more responsible in how they market candy. It's good to see them calling on their colleagues to do the same," said Margo Wootan, CSPI's director of nutrition policy, in an interview with ABC.
Government officials are taking a tougher stance on obesity partly because of the related health care costs, which one study estimated will rise by $550 billion between 2012 and 2030. New York Mayor Mike Bloomberg has pushed the city to ban the sales of large sugary sodas, which the soda industry has challenged in court. Is that what Mars would do?
--Jonathan Berr does not own shares of the listed stocks. Follow him on Twitter @jdberr.
trying to controll the bad habits and impulses of the general public is futile. Candy should be fun, it should be a treat, not dinner or lunch. you can not out law the stupid.
"Mars has been making an effort to be more responsible in how they market candy".
That's why there are always candy bar displays in every checkout line ?
one of the effective ways to fight obesity is to prod prodigiously fat slobs from their couches, chairs, scooters and perhaps even beds. i say we should install remotely activated 220v shock systems to provide encouragement for these people who blame their obesity on snack foods when in reality it's more than likely, perhaps even greatly probable their sedentary lifestyle, coupled with gross (and i do mean gross) overeating of everything causes these people to expand daily. we should NOT be paying for these same people who obviously find restraint difficult or impossible. this is ridiculous.
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
A basic income policy can actually ensure a decent standard of living for everyone.
- People left $500,000 in coins at airports last year
- How your driving can affect your credit
- Obamacare projected to cost hundreds of billions less
- November jobs report: Winners and losers
- Student loan debt climbs for 5th year in a row
- Wall Street finally notices Bitcoin
- Part-time workers hurt by on-call system
- 5 myths about late payments and your FICO scores
- Auto loan interest rates hit record low
[BRIEFING.COM] A solid November employment report translated into a solid day of gains for the major averages. While there was some talk that the encouraging job growth raised the odds of the Fed announcing a tapering at its December meeting, the message of the markets today was either that it didn't believe there would be a tapering this month or that it doesn't fear a tapering this month.
It was just one day, yet there was ample meaning wrapped up in the connection that the 10-yr ... More
More Market News
The Fed may start tapering in just a few months. Here are a few of the likely winners and losers.