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MONDI PLC - Mondi units plans to transition to web-Zero by 2050

Mondi plc

(included in England and Wales)

(Registered number: 6209386)

LEI: 213800LOZA69QFDC9N34

LSE share code: MNDI ISIN: GB00B1CRLC47

JSE share code: MNP

eleven January 2022

Mondi sets bold science-primarily based plans to transition to net-Zero by using 2050

  • Mondi accelerates climate plans by way of committing to internet-Zero in line with a 1.5°C situation
  • Builds on two decades of taking action on local weather, including 45% discount in GHG emissions against 2004 baseline
  • web-Zero plan aligns with the Science based ambitions initiative's new internet-Zero usual
  • international packaging and paper leader Mondi has accelerated plans to take action on climate by way of committing to transition to net-Zero by way of 2050. This next step builds on virtually two decades of growth, together with a forty five% discount in specific greenhouse gasoline (GHG) emissions in opposition t a 2004 baseline and science-primarily based pursuits accredited through the Science primarily based aims initiative (SBTi) in 2019.

    Andrew King, Mondi's community CEO noted:

    "The climate disaster is the most urgent chance facing society and organizations should take decisive action to mitigate their influence. Mondi has a protracted music checklist of investing in our operations to cut back our GHG emissions and the Board's approval of our new web-Zero plan reinforces our commitment to contributing to an improved world. The adoption of science-primarily based pursuits in line with 1.5°C is an important milestone in our experience to internet-Zero. youngsters taking action nowadays is an absolute critical and we have already got a clear roadmap to achieve our 2025 milestones."

    Mondi's internet-Zero plan, which turned into developed to align with SBTi's new net-Zero typical, commits to reducing GHG emissions across Scopes 1, 2 and 3 in accordance with a 1.5°C state of affairs. Mondi submitted its net-Zero dedication to the SBTi in December 2021 and has signed as much as the UN enterprise Ambition for 1.5oC, the realm's biggest and fastest-transforming into community of groups dedicated to taking urgent local weather motion aligned with 1.5°C.

    Gladys Naylor, Mondi's group Head of Sustainable development mentioned:

    "Our present emissions reduction objectives have been permitted by using the SBTi in 2019 and we now have now increased our ambition in line with climate science and the SBTi's new net-Zero ordinary. whereas we work with SBTi to validate our new goals, we're taking motion - doing the lengthy-term planning to achieve our commitments and working every day to make sure that we're heading in the right direction to fulfill our milestones in response to our MAP2030 sustainability framework."

    Mondi's MAP2030 motion plan can be discovered on www.mondigroup.com and during this video Andrew King and different senior leaders supply further insights on Mondi's strategy to sustainability.

    Mondi's Sustainable building record 2020 will also be found right here.

    Mondi turned into recently acknowledged by way of CDP with a prestigious 'Triple A' rating for its leadership on local weather, water and forests for the second year in a row.

    Contacts

    Chris Gurney

    Senior company communique manager

    chris.gurney@mondigroup.com

    Susan Brunner

    Senior Sustainability Positioning manager

    susan.brunner@mondigroup.com

    Clara Valera

    group Head of approach & Investor members of the family

    clara.valera@mondigroup.com

    About Mondi

    Mondi is a global chief in packaging and paper, contributing to a stronger world by way of making resourceful packaging and paper options that are sustainable with the aid of design. Our company is built-in across the price chain - from managing forests and producing pulp, paper and plastic movies, to setting up and manufacturing helpful industrial and consumer packaging options. Sustainability is at the centre of our method and intrinsic within the means we do company. We lead the trade with our customer-centric approach, EcoSolutions, the place we ask the right inquiries to locate probably the most sustainable answer. In 2020, Mondi had revenues of €6.sixty six billion and underlying EBITDA of €1.35 billion.

    Mondi has a top rate list on the London stock change (MNDI), and a secondary list on the JSE restrained (MNP). Mondi is a FTSE 100 constituent and has been blanketed within the FTSE4Good Index series for the reason that 2008 and the FTSE/JSE in charge investment Index collection seeing that 2007.

    Sponsor in South Africa: americaSouth Africa Proprietary restrained.

    thesaurus of phrases

    CDP

    CDP is a global not-for-earnings provider proposing a global equipment for businesses to measure, disclose, control and share guidance on climate change, water protection and forests.

    GHG

    Greenhouse gases are gases listed in the Kyoto Protocol of the United international locations Framework convention on local weather change (UNFCCC) that make contributions to the greenhouse impact.

    SBTi

    The Science based goals initiative defines superior follow in science-based goal surroundings, offering materials and counsel and independently assesses and approves companies' targets.


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