We are dedicated to reducing our CO₂e emissions and reaching our Net-Zero targets to limit global warming.
Scaling climate action across the value chain
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.
Our science-based Net-Zero targets have been approved by the Science Based Targets initiative (SBTi) in 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.
"The approval of our science-based Net-Zero targets according to the SBTi Net-Zero Standard underlines our long-term commitment to taking action on climate. Mondi has already made significant progress, achieving a 46% reduction of our specific CO₂e emissions to 2021 against our initial 2004 baseline. We are pleased to be among the first in our sector to have approved Net-Zero targets and recognise that much more needs to be done swiftly and urgently as we move towards a low-carbon, circular economy."
Andrew King, Mondi Group CEO
Our track record
We have a long track record of investing in our operations and reducing our carbon footprint. Since 2015 we have made strategic energy-related investments totalling €650 million across our pulp and paper mills. Our pulp and paper mills are largely electricity self-sufficient and we generate most of our energy needed on site.
Get more details on our path to Net-Zero in the graphic below or see the PDF.
Our journey of taking action on climate in more details
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:
2005: 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 the 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 2022 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 the SBTi. We are proud to be among the first packaging and paper companies with approved Net-Zero targets.
"Climate science tells us that we need rapid and deep emissions cuts if we are to achieve global net-zero and prevent the most damaging effects of climate change. Mondi’s net-zero targets match the urgency of the climate crisis and set a clear example that their peers must follow.”
Luiz Amaral, CEO Science Based Targets initiative
Articles on climate action
Mondi’s science-based Net-Zero targets for greenhouse gas emissions reduction validated by SBTiPress release15 December, 2022
How upgrading operations supports energy and resource efficiencies at Mondi in FinlandCase study20 March, 20232 min
Replacing coal with biomass to reduce emissions in South AfricaCase study25 March, 20222 min
Mondi approves €400 million investment in new kraft paper machine at Štětí mill (Czech Republic)Press release19 October, 2022