Energy Efficiency, GHG Emissions - January 11, 2022
Mondi Set Net Zero Goal For 2050
Global packaging and paper company Mondi accelerated its plans to take action on climate by committing to transition to net zero by 2050.
This next step builds on almost two decades of progress, including a 45% reduction in specific GHG emissions against a 2004 baseline and targets approved by the Science Based Targets initiative (SBTi) in 2019.
Mondi’s Net-Zero plan, which was developed to align with SBTi’s new Net-Zero Standard, commits to reducing GHG emissions across Scopes 1, 2, and 3 in line with a 1.5°C scenario. Mondi submitted its net zero commitment to the SBTi in December 2021 and has signed up to the UN Business Ambition for 1.5oC, the world’s largest and fastest-growing group of companies committed to taking urgent climate action aligned with 1.5°C.
“Our current emissions reduction targets were approved by the SBTi in 2019 and we have now increased our ambition in line with climate science and the SBTi’s new Net-Zero Standard,” said Gladys Naylor, Mondi’s Group Head of Sustainable Development said in a statement. While we work with SBTi to validate our new targets, we’re taking action - doing the long-term planning to achieve our commitments and working every day to ensure that we are on track to meet our milestones in line with our MAP2030 sustainability framework.”