Mondi’s net-zero targets validated by SBTi
Packaging and paper solutions provider Mondi says the Science Based Targets initiative (SBTi) has assessed and approved its science-based net-zero targets.
The targets covering greenhouse-gas (GHG) emissions from Mondi’s operations and supply chain (Scopes 1, 2 and 3) are consistent with a reduction required to keep global warming to 1.5 °C above preindustrial levels.
Mondi announced its commitment to net-zero GHG emissions in January and is among the first companies in the packaging and paper sector to have validated net-zero targets from the SBTi.
In the near-term, Mondi has committed to reduce absolute Scope 1 and 2 GHG emissions by 46.2% and Scope 3 GHG emissions by 27.5% by 2030 from a 2019 base year.
"Our long-term target is to reduce absolute Scope 1, 2 and 3 GHG emissions by 90% by 2050," the company says.
Mondi has already made strategic energy-related investments across its pulp and paper mills with more than €650-million invested since 2015.
"We generate most of our energy needs in energy plants on-site and our pulp and paper mills are largely electricity self-sufficient," it adds.
“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 carbon dioxide equivalent 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,” Mondi CEO Andrew King comments.
Comments
Research Reports
Latest Multimedia
Latest News
Showroom
ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
