Net-Zero Targets
We are committed to reducing our greenhouse gas 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 were 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.
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Near-term targets
Reduce absolute Scope 1 and 2 GHG emissions by 46.2% and Scope 3 GHG emissions by 27.5% by 2030
(from a 2019 baseline) -
Long-term target
Reduce absolute Scope 1, 2 and 3 GHG emissions by 90% by 2050
(from a 2019 baseline)
“Andrew King, Mondi Group CEOOur science-based Net-Zero targets underline our long-term commitment to taking action on climate.
We continue to deliver against our targets with a 31% reduction in Scope 1 and 2 GHG emissions compared with our 2019 baseline.
Our track record
We have a long track record of investing in our operations and reducing our carbon footprint. Since 2019, we have invested in and approved around €500 million of energy and process efficiency projects including a new recovery boiler and biomass boiler in Richards Bay (South Africa) and a modernisation project at Dynäs (Sweden). 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.
Our journey of taking action on climate
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.
2023: We launched our sustainability-linked bond framework and expanded our supplier engagement with our first Virtual Supplier Event.
2024: We initiated the submission process to update our baseline, reflecting SBTI guidelines. Our organisational changes include new acquisitions and the disposal of our Russian operations. We focused on engagement with our strategic raw material suppliers and organised workshops with selected suppliers to discuss primary data availablility, as well as their GHG reduction targets and transition plans.
Does Mondi's road to Net-Zero include compensation measures or offsetting?
Our priority is to reduce GHG emissions across our operations and value chain by setting our own GHG reduction measures, in line with the requirements of the SBTi Net-Zero Standard. We will continue to modernise our operations, invest in energy efficiency projects, switch to renewable energy sources and engage with our suppliers on low-carbon practices. For our long-term 2050 Net-Zero target, we acknowledge that there may be residual GHG emissions that we were unable to eliminate through GHG reduction measures. However, we currently do not intend to neutralise GHG emissions in the near-term. As we work towards our near and long-term targets, we will undertake regular reviews of our progress, and consider certificates or partnerships with companies, which offer permanent carbon removals to achieve Net-Zero by 2050.
SBTí statement
"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
(2022)
READ MORE on climate action
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How upgrading operations supports energy and resource efficiencies at Mondi in Finland
Case study20 Mar 20232 min -
Mondi’s science-based Net-Zero targets for greenhouse gas emissions reduction validated by SBTi
Press release15 Dec 2022 -
Replacing coal with biomass to reduce emissions in South Africa
Case study25 Mar 20222 min -
Mondi approves €400 million investment in new kraft paper machine at Štětí mill (Czech Republic)
Press release19 Oct 2022