Taking action to deliver against our science-based Net-Zero targets 

The climate crisis is the most urgent risk facing society and businesses must take decisive action to limit global warming to 1.5°C. Mondi is committed to play its part in reducing greenhouse gas (GHG) emissions, improving energy efficiency, shifting to renewable energy sources and working with value chain partners to minimise our environmental impact.

Our science-based Net-Zero targets for GHG emission reduction have been validated by the Science Based Targets initiative (SBTi) in December 2022. Our targets covering GHG emissions from our operations and supply chain (Scopes 1, 2 and 3) are consistent with a reduction required to keep global warming to 1.5°C:

  • In the near-term, we have committed to reduce absolute Scope 1 and 2 GHG emissions by 46.2% and Scope 3 GHG emissions by 27.5% by 2030 from a 2019 base year.
  • Our long-term target is to reduce absolute Scope 1, 2 and 3 GHG emissions by 90% by 2050. 

We have a long track record of investing in our operations and reducing our carbon footprint. We have already made strategic energy-related investments across our pulp and paper mills with more than €650 million invested since 2015. We generate most of our energy needs in energy plants on-site and our pulp and paper mills are largely electricity self-sufficient.

Our journey of taking action on climate over the past two decades 

We are committed to taking steps to minimise our carbon footprint, with GHG reduction targets supported by climate science. Here's an overview of our progress over the past two decades:  

2004: We set our first Group-wide GHG emission reduction target in 2005, against a 2004 baseline.

2014: We reached our 10-year GHG reduction commitment, achieving a 29% reduction in specific GHG emissions. As a next step, we set a new GHG reduction target for our pulp and paper mills by 2030 and updated our baseline to 2014.

2019: The approval of our science-based GHG reduction targets by SBTi, aligned with a below 2.0°C scenario and covering 95% of our Scope 1 and 2 emissions, marked an important milestone for us.  

2021: Full compliance with disclosure recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). Read more in our 2021 Integrated Report.

2022:  In January, we announced our commitment to transition to Net-Zero by 2050 recognising that action needs to be taken to swiftly and urgently as we move towards a low carbon, circular economy. In December, our Net-Zero science-based targets were approved by SBTi. We are proud to be among the first packaging and paper companies with validated Net-Zero targets.

science based targets