VIENNA, Austria, Feb. 3, 2020 (Press Release) -Leading global packaging and paper manufacturer Mondi announced today that it has improved its scores in sustainable forestry and water security disclosure by CDP, placing it among the leaders for both. Mondi achieved an A- score for sustainable forestry and an A for water security by CDP, confirming that it is implementing current best practices.
CDP is an internationally recognised independent sustainability benchmarking platform for environmental disclosures, supporting companies, cities, states and regions to measure and manage their risks and opportunities on climate change, water security and deforestation.
“Our rating from CDP on sustainable forestry and water security reflects all the work that we do in managing our forests in Russia and South Africa responsibly to safeguard biodiversity and ensure that our forests and the biodiversity within them continue to thrive. This will enable us to meet the rising need for sustainable fibre based products as we transition to a low carbon economy,” said Gladys Naylor, Mondi Group Head of Sustainable Development.
CDP Forests provides a framework of action for companies to measure and manage forest-related risks and opportunities, transparently report on progress, and commit to proactive action for the restoration of forests and ecosystems. For water stewardship relevant companies are asked to provide data about their efforts to manage and govern freshwater resources.
As it does each year, CDP scores all respondents from A-D, with its Leadership A List comprising companies from around the world that have been identified as leaders for their efforts and actions to implement best practices.
Mondi was again among the respondents this year, and improved its score to an A- rating for CDP’s forest score for timber, which is in the Leadership band. This is higher than the European regional average of B-, and higher than the paper products & packaging sector average of B. Mondi’s water security score also improved to an A rating this year, significantly improving its rating from the previous year.
Mondi is a global leader in packaging and paper, delighting its customers and consumers with innovative packaging and paper solutions that are sustainable by design. Our business is fully integrated across the packaging and paper value chain – from managing forests and producing pulp, paper and plastic films, to developing and manufacturing effective industrial and consumer packaging solutions. Sustainability is embedded in everything we do. In 2018, Mondi had revenues of €7.48 billion and underlying EBITDA of €1.76 billion.
Mondi has a premium listing on the London Stock Exchange, and a secondary listing on the JSE Limited. Mondi is a FTSE 100 constituent, and has been included in the FTSE4Good Index Series since 2008 and the FTSE/JSE Responsible Investment Index Series since 2007.