VIENNA (News release) -- 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
