MONDI PLC - Mondi sets ambitious science-based plans to transition to Net-Zero by 2050

Mondi sets ambitious science-based plans to transition to Net-Zero by 2050

Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34

LSE share code: MNDI          ISIN: GB00B1CRLC47
JSE share code: MNP


11 January 2022
Mondi sets ambitious science-based plans to transition to Net-Zero by 2050

-   Mondi accelerates climate plans by committing to Net-Zero in line with a 1.5°C scenario
-   Builds on two decades of taking action on climate, including 45% reduction in GHG
    emissions against 2004 baseline
-   Net-Zero plan aligns with the Science Based Targets initiative’s new Net-Zero Standard

Global packaging and paper leader Mondi has accelerated plans to take action on climate by
committing to transition to Net-Zero by 2050. This next step builds on almost two decades of
progress, including a 45% reduction in specific greenhouse gas (GHG) emissions against a
2004 baseline and science-based targets approved by the Science Based Targets initiative
(SBTi) in 2019.
Andrew King, Mondi’s Group CEO said:
“The climate crisis is the most urgent risk facing society and businesses must take decisive
action to mitigate their impact. Mondi has a long track record of investing in our operations to
reduce our GHG emissions and the Board’s approval of our new Net-Zero plan reinforces our
commitment to contributing to a better world. The adoption of science-based targets in line
with 1.5°C is an important milestone in our journey to Net-Zero. However taking action today
is an absolute imperative and we already have a clear roadmap to achieve our 2025
milestones.”
Mondi’s Net-Zero plan, which was developed to align with SBTi’s new Net-Zero Standard,
commits to reducing GHG emissions across Scopes 1, 2 and 3 in line with a 1.5°C scenario.
Mondi submitted its Net-Zero commitment to the SBTi in December 2021 and has signed up
to the UN Business Ambition for 1.5oC, the world’s largest and fastest-growing group of
companies committed to taking urgent climate action aligned with 1.5°C.
Gladys Naylor, Mondi’s Group Head of Sustainable Development said:
“Our current emissions reduction targets were approved by the SBTi in 2019 and we have
now increased our ambition in line with climate science and the SBTi’s new Net-Zero
Standard. While we work with SBTi to validate our new targets, we’re taking action - doing the
long-term planning to achieve our commitments and working every day to ensure that we are
on track to meet our milestones in line with our MAP2030 sustainability framework.”
Mondi’s MAP2030 action plan can be found on www.mondigroup.com and in this video
Andrew King and other senior leaders give further insights on Mondi’s approach to
sustainability.
Mondi’s Sustainable Development Report 2020 can be found here.
Mondi was recently recognised by CDP with a prestigious ‘Triple A’ score for its leadership on
climate, water and forests for the second year in a row.


Contacts

Chris Gurney
Senior Corporate Communication Manager
chris.gurney@mondigroup.com

Susan Brunner
Senior Sustainability Positioning Manager
susan.brunner@mondigroup.com

Clara Valera
Group Head of Strategy & Investor Relations
clara.valera@mondigroup.com


About Mondi

Mondi 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
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 2020, Mondi had revenues of €6.66
billion and underlying EBITDA of €1.35 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.
Sponsor in South Africa: UBS South Africa Proprietary Limited.


Glossary of terms

CDP
CDP is an international not-for-profit organisation providing a global system for companies to
measure, disclose, manage and share information on climate change, water security and
forests.

GHG
Greenhouse gases are gases listed in the Kyoto Protocol of the United Nations Framework
Convention on Climate Change (UNFCCC) that contribute to the greenhouse effect.

SBTi
The Science Based Targets initiative defines best practice in science-based target setting,
offering resources and guidance and independently assesses and approves companies’
targets.

Date: 11-01-2022 12:00:00
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