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Vienna, Austria, 2021/01/29 - 2030 commitments focused on circular driven solutions, created by empowered people, taking action on climate - Mondigroup.com.
Mondi, a leading global packaging and paper company, today announces its 10 year sustainability action plan, MAP2030, designed to tackle global issues across the value chain. The commitments focus on three key action areas: circular-driven packaging and paper solutions; created by empowered people, taking action on climate. All areas are aligned to the UN Sustainable Development goals as part of Mondi's focus on being sustainable by design.
Each action area of Mondi’s Action Plan 2030 (MAP2030) has three commitments underpinned by targets and KPIs.
Circular Driven Solutions - Committed to making innovative packaging and paper solutions that keep materials in circulation and prevent waste. This includes a target to make 100% of its products reusable, recyclable or compostable by 2025.
Created by Empowered People - Developing an empowered and inclusive team who can contribute to a better world. A key target is to increase female representation across all levels at Mondi from 21% to at least 30% by 2030. This requires four in ten hires to be women throughout the next decade.
Taking action on Climate - Focusing on climate resilience through its forests and operations for the future of the planet. Targets include reducing its greenhouse gas emissions in line with science-based targets and maintaining zero deforestation in its wood supply as its business grows.
MAP2030 is built on a foundation of responsible business practices spanning business ethics and governance, human rights, communities, procurement and environmental impact. Each area has commitments and targets to guide our action, including work on human rights due diligence; ongoing investment in our communities; 100% of wood fibre compliant with credible standards; and detailed air emission and water targets to minimise our environmental impact.
The plan builds on the progress of Mondi’s existing sustainability work, which saw the Group move to science-based targets for scope 1 and 2 emissions and supports the business strategy with sustainability at its heart. Mondi has already reduced its CO2 emissions by 45% since 2004 and was recognised in 2020 by CDP as one of only 10 companies worldwide with a ‘Triple A’ score on its environmental performance related to climate, forests and water security.
"Sustainability is at the heart of Mondi’s purpose, strategy and culture. We operate in diverse and complex geographies and as a business that is fully integrated throughout the supply chain I am excited by the potential to make a real difference with our new 2030 commitments touching every part of our business. Delivering on these focus areas, working with our colleagues, customers, suppliers and partners to make a positive contribution to a better world, will be a top priority for Mondi."
Andrew King, Mondi CEO
"Our 2030 commitments build on our previous achievements and align with the UN’s Sustainable Development Goals timeframe. Mondi has made a number of strategic sustainability-related investments across its operations in recent years and has invested more than €700 million in modernising energy plants and improving energy efficiency since 2013. Over the last five years we have invested more than €50 million in local community initiatives and will continue to provide a similar level of support going forward. We have also set aside a quarter of our forestry landholdings for conservation and the protection of biodiversity and achieved a 100% certification in our own forest landholdings."
"MAP2030 will help us to monitor, improve and communicate our performance. Over the next decade we will focus on the three action areas where we can make the most impact and drive real change towards a more sustainable future."
Gladys Naylor, Group Head of Sustainable Development, Mondi
Mondi (mondigroup.com) is a global leader in packaging and paper, contributing to a better world by making innovative, packaging and paper solutions that are sustainable by design. Our business is fully integrated across the value chain from managing forests and producing pulp, paper and plastic films, to developing and manufacturing effective industrial and consumer packaging solutions. Sustainability is at the centre of our strategy and intrinsic in the way we do business. We lead the industry with our customer- centric approach, EcoSolutions, where we ask the right questions to find the most sustainable solution.
In 2019, Mondi had revenues of €7.27 billion and underlying EBITDA of €1.66 billion. Mondi has a premium listing on the London Stock Exchange (MNDI), and a secondary listing on the JSE Limited (MNP). Mondi is a FTSE 100 constituent, and has been included in the FTSE4Good Index Series since 2008 and the FTSE/JSE Responsible Investment Index Series since 2007.