Food packaging: Mondi’s Net-Zero targets gain...
Food packaging

Mondi’s Net-Zero targets gain SBTi approval

Mondi
The Science Based Targets Initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). SBTi defines and promotes best practices in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.
The Science Based Targets Initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). SBTi defines and promotes best practices in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.

AUSTRIA, Vienna. Packaging and paper solutions provider Mondi is among packaging and paper companies with validated Net-Zero targets. The Science Based Targets initiative (SBTi) approved Mondi’s target strategy to keep global warming to 1.5oC.

According to a Mondi press release, SBTi assessed the targets covering greenhouse gas (GHG) emissions from Mondi’s operations and supply chain. With the SBTi approval, Mondi claims to be among the first companies in the packaging and paper sector to have validated Net-Zero targets.

Mondi started making strategic energy-related investments across its pulp and paper mills, with more than €650 million invested since 2015, the company reports. It also states that it generates most of its energy needs in energy plants on-site. In addition, the pulp and paper mills are working largely electricity self-sufficient.

“The approval of our science-based Net-Zero targets according to SBTi’s 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,” said Mondi Group CEO Andrew King.

Source: Mondi
tags:
Austria Vienna

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