Global packaging and paper manufacturer Mondi has announced new science-based targets as part of its commitment to support the global transition to a low-carbon economy.

The €7bn turnover company has set the targets in collaboration with WWF’s Climate Savers programme and are approved by the Science Based Targets initiative, a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

The first target pledges to reduce Scope 1 and 2 greenhouse gas (GHG) emissions by 34 per cent per tonne of saleable production by 2025 and 72 per cent by 2050, from a 2014 base year. The second target commits to reducing Scope 2 GHG emissions by 39 per cent per MWh by 2025 and 86 per cent by 2050, also from a 2014 base year.

Manuel Pulgar-Vidal, leader of WWF’s Global Climate and Energy Practice said: “It is essential that science-based targets become embedded in standard business practice and businesses like Mondi are central to this transition. We welcome Mondi’s commitment to reducing its GHG emissions and to helping to build a more sustainable business world.”

Share Story: