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Mondi receives triple A recognition from CDP for tackling climate change and for its global environmental leadership

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Mondi receives triple A recognition from CDP for tackling climate change and for its global environmental leadership

December 08, 2020 - 05:21
Posted in:
    VIENNA, Austria, Dec. 8, 2020 (Press Release) -
  • Recognition for Mondi's global environmental leadership on climate, forests and water
  • Commended for leading on corporate environmental ambition, action and transparency worldwide

Leading global packaging and paper manufacturer Mondi has secured a place on CDP’s prestigious ‘Triple A List’ for tackling climate change as well as acting to protect forests and water security. Mondi has been recognised for leading on corporate environmental ambition, action and transparency worldwide.

CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency. In 2020, over 515 investors with over US$106 trillion in assets and 150+ major purchasers with US$4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. Over 9,600 responded – the highest ever.

Mondi is one of only 10 companies that has achieved a triple ‘A’, out of the 5,800+ companies that were scored based on data submitted through CDP’s questionnaires in 2020.

"Sustainability is at the centre of our business strategy and drives our decisions. This recognition from CDP is testament to our focus on being sustainable by design. We are committed to taking action and reporting transparently across all areas of sustainability, including climate, water security and responsible forestry. We recognise that while more needs to be done, by engaging, taking action and collaborating, businesses can contribute to a better world,” said Andrew King, Group Chief Executive Officer, Mondi.

“We congratulate all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can take, and is even more impressive in this challenging year marked by COVID-19. The scale of the risk to businesses from climate change, deforestation and water insecurity is enormous, and we know the opportunities of action far outweigh the risks of inaction. We hope that leadership from the private sector will create an ‘ambition loop’ for greater government action and ensure that global ambitions for a net zero sustainable economy become a reality. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today,” added Paul Simpson, CEO of CDP.

Mondi's approach to sustainable development:

  • In 2019, Mondi's science-based greenhouse gas (GHG) reduction targets were approved by the SBTi, which will drive its efforts to transition to a low-carbon economy. Mondi has also invested c.€700m in energy efficiency processes across its operations since 2013
  • Mondi promotes a landscape approach to water stewardship, working together with other water users, local government, and industries, who all share a common interest in maintaining freshwater ecosystems and services.
  • Mondi has invested €75 million modernising its wastewater treatment plants across its network since 2013
  • Mondi applies a Working Forest model which acknowledges that forests take many forms around the world, from high-yield plantation forests in the south to vast lower-yield boreal forests in the north. Mondi integrates productive renewable forest sites with effective ecological networks to secure biodiversity, water and other ecosystem services, with the ultimate goal of maintaining and increasing their natural and social capital
  • Mondi's primary wood sourcing regions are South Africa, North West Russia and Europe, with 72% of its wood and 99% of its pulp FSC™ or PEFC™ certified. Of its more than 2 million hectares of managed forests in Russia and South Africa, 24% is set aside for conservation

Details of scoring

A detailed and independent methodology is used by CDP to assess companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that do not disclose or provide insufficient information are marked with an F.

CDP’s scoring for forests is conducted through the lens of the four commodities that cause most deforestation: timber products, cattle products, soy and palm oil. Companies need to score an A on at least one of these forest-risk commodities to earn a place on the Forests A List.

About Mondi

Mondi is a global leader in packaging and paper, contributing to a better world by making innovative packaging and paper solutions that are sustainable by design. Our business is fully integrated across the value chain – from managing forests and producing pulp, paper and plastic films, to developing and manufacturing effective industrial and consumer packaging solutions. Sustainability is at the centre of our strategy and intrinsic in the way we do business. We lead the industry with our customer-centric approach, EcoSolutions, where we ask the right questions to find the most sustainable solution. In 2019, Mondi had revenues of €7.27 billion and underlying EBITDA of €1.66 billion.

Mondi has a premium listing on the London Stock Exchange (MNDI), and a secondary listing on the JSE Limited (MNP). 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.

About CDP

CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$106 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 9,600 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2020. This is in addition to the hundreds of cities, states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition.

  • Recognition for Mondi's global environmental leadership on climate, forests and water
  • Commended for leading on corporate environmental ambition, action and transparency worldwide

Leading global packaging and paper manufacturer Mondi has secured a place on CDP’s prestigious ‘Triple A List’ for tackling climate change as well as acting to protect forests and water security. Mondi has been recognised for leading on corporate environmental ambition, action and transparency worldwide.

CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency. In 2020, over 515 investors with over US$106 trillion in assets and 150+ major purchasers with US$4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. Over 9,600 responded – the highest ever.

Mondi is one of only 10 companies that has achieved a triple ‘A’, out of the 5,800+ companies that were scored based on data submitted through CDP’s questionnaires in 2020.

"Sustainability is at the centre of our business strategy and drives our decisions. This recognition from CDP is testament to our focus on being sustainable by design. We are committed to taking action and reporting transparently across all areas of sustainability, including climate, water security and responsible forestry. We recognise that while more needs to be done, by engaging, taking action and collaborating, businesses can contribute to a better world,” said Andrew King, Group Chief Executive Officer, Mondi.

“We congratulate all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can take, and is even more impressive in this challenging year marked by COVID-19. The scale of the risk to businesses from climate change, deforestation and water insecurity is enormous, and we know the opportunities of action far outweigh the risks of inaction. We hope that leadership from the private sector will create an ‘ambition loop’ for greater government action and ensure that global ambitions for a net zero sustainable economy become a reality. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today,” added Paul Simpson, CEO of CDP.

Mondi's approach to sustainable development:

  • In 2019, Mondi's science-based greenhouse gas (GHG) reduction targets were approved by the SBTi, which will drive its efforts to transition to a low-carbon economy. Mondi has also invested c.€700m in energy efficiency processes across its operations since 2013
  • Mondi promotes a landscape approach to water stewardship, working together with other water users, local government, and industries, who all share a common interest in maintaining freshwater ecosystems and services.
  • Mondi has invested €75 million modernising its wastewater treatment plants across its network since 2013
  • Mondi applies a Working Forest model which acknowledges that forests take many forms around the world, from high-yield plantation forests in the south to vast lower-yield boreal forests in the north. Mondi integrates productive renewable forest sites with effective ecological networks to secure biodiversity, water and other ecosystem services, with the ultimate goal of maintaining and increasing their natural and social capital
  • Mondi's primary wood sourcing regions are South Africa, North West Russia and Europe, with 72% of its wood and 99% of its pulp FSC™ or PEFC™ certified. Of its more than 2 million hectares of managed forests in Russia and South Africa, 24% is set aside for conservation

Details of scoring

A detailed and independent methodology is used by CDP to assess companies, allocating a score of A to D- based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that do not disclose or provide insufficient information are marked with an F.

CDP’s scoring for forests is conducted through the lens of the four commodities that cause most deforestation: timber products, cattle products, soy and palm oil. Companies need to score an A on at least one of these forest-risk commodities to earn a place on the Forests A List.

About Mondi

Mondi is a global leader in packaging and paper, contributing to a better world by making innovative packaging and paper solutions that are sustainable by design. Our business is fully integrated across the value chain – from managing forests and producing pulp, paper and plastic films, to developing and manufacturing effective industrial and consumer packaging solutions. Sustainability is at the centre of our strategy and intrinsic in the way we do business. We lead the industry with our customer-centric approach, EcoSolutions, where we ask the right questions to find the most sustainable solution. In 2019, Mondi had revenues of €7.27 billion and underlying EBITDA of €1.66 billion.

Mondi has a premium listing on the London Stock Exchange (MNDI), and a secondary listing on the JSE Limited (MNP). 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.

About CDP

CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$106 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 9,600 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2020. This is in addition to the hundreds of cities, states and regions who disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition.