Our long-term success depends on working openly and transparently with our stakeholders

Responsible governance is fundamental to building a resilient and successful organisation in which sustainability is embedded at all levels. We aim to work openly and transparently with our stakeholders across the value chain, to create an inclusive and fair business. Robust policies, standards and management systems help us meet our commitments and guide our businesses to address the risks and opportunities facing them.

Embedding sustainability

Our Boards and committees provide the leadership necessary to implement the principles of good corporate governance across the Group so that all decisions and actions of our business are based on integrity, responsibility, accountability, fairness and transparency. The Boards approve our approach, review performance and delegate specific areas of responsibility to a number of committees.

 

 

Mondi’s Group sustainable development function

The Group sustainable development (SD) function provides guidance and helps define the actions required to achieve our goal of growing responsibly. This includes the monitoring and assessment of material risks and opportunities facing the Group. In addition, the SD function monitors and reviews emerging changes to the regulatory environment, developments in our social and environmental operating context, and evolving stakeholder needs and expectations as they relate to our businesses. It also informs and supports the businesses in responding to stakeholder needs and expectations and shaping our long-term response to global megatrends.

Sustainable development management system

Our established policies, procedures and management systems enable us to apply a consistent and standard approach to sustainability throughout our operations. We consider the key environmental, social and governance implications of our business decisions. Our SDMS guides the effective governance of all aspects of sustainability and the implementation of our policies and standards. It covers all facilities and activities that we manage and operate (including those in which we hold a controlling interest), new developments, and current and future mergers and acquisitions. Activities undertaken by contractors on Mondi sites or while under our management are incorporated into our SDMS, requiring them to comply with our policies, standards and requirements, specifically in relation to safety and health at work.

Managing risks and opportunities

Our Group-wide risk management framework is designed to address all significant strategic, sustainable development, financial, operational and compliance risks that could undermine our ability to achieve our business objectives into the future. We exercise due diligence prior to the introduction of new operations, practices, processes and products.

Mondi’s internal audit function

Our internal audit function is an integral part of the Group’s system of governance. The purpose of this independent assurance function is to evaluate whether the nature and extent of business risks are being managed effectively within the context of business objectives.

Speakout hotline

The audit committee oversees the adequacy of Speakout (our Group-wide anonymous whistleblowing system) while internal audit is responsible for the day-to-day monitoring of the Speakout process. This ensures management is appropriately informed about reported issues and that related risks are adequately managed.

 

Political donations, gifts and bribes

Mondi is opposed to all forms of corruption and illegal practices. The Group does not tolerate the giving or receiving of bribes, nor does it condone anti-competitive practices in its dealings with governments or in the marketplace. Mondi does not permit contributions or donations for political purposes. Our approach to preventing corruption is published in company guidelines and policies, on the local and Group-wide intranets, and on the Group website. Mondi requires any lobbying undertaken to be in line with the Group’s business ethics and policies. Our policies on these matters are set out in our Group Business Integrity Policy.

Fines, non-monetary sanctions and significant legal issues

Mondi has not been the subject of any legal actions against it for anti-competitive behaviour, anti-trust, or monopoly practices during the year. Mondi has not received any material fines or nonmonetary sanctions for non-compliance with laws and regulations.

Read more about our sustainability performance

Get in touch with Mondi's Sustainability team

  • Austria + 43 1 790 130
  • UK +44 1932 826 300