Mondi sets ambitious
science-based plans to transition to Net-Zero by 2050
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.
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 1.5 °C, one of the world’s largest and fastest-growing groups 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.”
