Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Efficiency
• Water Management
• Waste Reduction
• Forestry
• Safety
• Community Engagement
• Human Rights
• Product Stewardship

Environmental Achievements

• Reduced annual CO2e emissions by approximately 12% since 2004
• Reduced specific energy consumption by approximately 12% since 2004
• Significantly reduced emissions to water (COD by 31% and AOX by 60%) since 2005
• Reduced emissions to air (TRS) by 71% since 2005
• Reduced total waste sent to landfill by 36% and hazardous waste to landfill by 75% since 2005 (landfilling of hazardous waste ceased by the end of 2009)
• Increased capacity consuming recovered paper by 40%
• Launched carbon-neutral paper, Nautilus, using 100% recycled materials

Social Achievements

• Zero work-related fatalities reported for the first time
• 16% reduction in overall injury frequency rate and 28% reduction in lost-time injury frequency rate compared with 2008
• Voluntary HIV/AIDS counselling and testing offered to people working in forests
• Successful new awareness campaign on HIV/AIDS launched
• Nine land claims settled in 2009
• CSR investment of €9.3 million and charitable donations of €1.3 million

Governance Achievements

• Continued implementation of integrated sustainable development management standards
• Continued reporting of progress against sustainable development commitments
• All material operations obtained and maintained ISO 14001 certification
• Over 75% of material operations obtained and maintained OHSAS 18000 certification

Climate Goals & Targets

Environmental Challenges

• Fatalities, serious injury and illness
• Fire or explosion
• Mechanisation of plantation forestry
• Public health claims in South Africa
• Environmental impact from loss of containment
• Loss of access to credible fibre associated with unsustainable forestry practices
• Climate change footprint
• Land claims in South Africa
• Skills shortages, particularly among black women

Mitigation Strategies

• Rigorous corporate governance policies and processes
• Implementation of integrated management systems
• Community engagement plans
• Socio-economic assessment tool (SEAT)
• HIV/AIDS programme
• Improved safety procedures and processes
• Employment Equity Plan
• Skills development initiatives
• Preferential procurement
• Actions to reduce greenhouse gas emissions and improve energy efficiency
• Initiatives to reduce water consumption and improve water management
• Waste reduction projects
• Sustainable forestry practices
• Product stewardship initiatives

Supply Chain Management

Responsible Procurement

• Procuring goods and services through local suppliers
• Use of FSC and PEFC certified wood (54% in 2009)
• Compliance with FSC Controlled Wood Standard

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products
• Use of renewable raw materials
• Carbon trading scheme

Reporting Standards

Frameworks Used: GRI G3 guidelines to the B+ level

Certifications: ISO 14001, OHSAS 18000, FSC, PEFC

Third-party Assurance: Environmental Resources Management Limited (ERM)

Sustainable Products & Innovation

• Nautilus SuperWhite carbon-neutral office paper
• Advantage One LightWeight papers and board
• Sustainex sustainable plastics
• Provantage KraftTop Liner

Awards & Recognition

• Recognised as leader in basic materials sector by Forest Footprint Disclosure (FFD) project
• Recognised as best paper and pulp producer for carbon disclosure by Carbon Disclosure Project (CDP)

Environmental Metrics

ESG Focus Areas

• Safety
• Carbon emissions
• Energy
• Responsible forestry
• Land claims
• Biodiversity
• Climate change
• Water
• Resource efficiency
• Eco-efficiency of products
• Community development
• Employee wellbeing
• Human rights

Environmental Achievements

• Reduced CO2e emissions per unit of saleable production by 25% since 2004
• Reduced carbon-based energy consumption per unit of saleable production by 16% since 2004
• Achieved 93% self-sufficiency in electricity in 2012
• Reduced total waste to landfill by 9% since 2010
• Reduced TRS emissions from mill operations by 7% since 2010
• Achieved a 6% reduction of chemical oxygen demand (COD) since 2010
• 58% of fuel consumption at material operations derived from biomass in 2012
• Planted 31 million seedlings in 2012
• 65% of wood supplied to processing plants was FSC or PEFC certified in 2012
• 25% of land managed (owned and leased) was set aside for conservation purposes in 2012
• Achieved a 2% water input reduction through recycling and closing loops in 2012

Social Achievements

• Group TRCR in 2012 was 0.79 per 200,000 hours worked (decrease from 2011)
• 1,198 employees and contractors participated in wellness program in 2012
• 175 employees and contractors received ART through Mondi’s mobile clinics in 2012
• Odour-related complaints reduced by 25% to 13% in 2012
• 23% of land claims settled by the end of 2012; 17,500 hectares transferred to claimant communities in 2012
• Over 1.5 million meals provided by Food4Forests program in 2012
• 207 jobs created by supporting small businesses in surrounding communities

Governance Achievements

• Maintained FSC™ certification of 100% of owned, leased, and managed forests in 2012
• 14 of 14 mills were ISO 14001 and OHSAS 18001 certified in 2012
• 61% of food contact packaging operations certified to a recognised food hygiene standard by the end of 2012

Climate Goals & Targets

Environmental Challenges

• Work-related fatalities (2 in 2012)
• Work-related life-altering injuries (3 in 2012)
• Increased specific contact water consumption compared to 2010 baseline
• Challenges in employing women in the industry
• Rising production volumes increasing absolute energy consumption
• EU Emissions Trading Scheme limiting CO2 allowances
• Planned legislation in South Africa to reduce GHG emissions
• Potential for increased incidence of disease and fires due to climate change
• Water scarcity
• Land claims in South Africa

Mitigation Strategies

• Focus on safety improvements, training, and adherence to safety rules
• Wellness program, ART availability
• Improved energy efficiency, increased use of renewable energy, CHP technology
• Bursaries, on-the-job and skills training for women
• Energy self-sufficiency strategy
• Modernisation of operations
• Tree breeding program to improve adaptability to changing environmental conditions
• Ecosystem management plans, wetland conservation
• Water impact assessments, water recycling and reuse
• Innovative model for engaging and settling with land claimant communities

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of conduct for contractors and suppliers
• Preferential procurement programmes
• Enterprise development programmes
• FSC Controlled Wood Standard or PEFC Mandatory Guide for the Avoidance of Controversial Timber

Climate-Related Risks & Opportunities

Physical Risks

• Changes in water availability
• Increased incidence of disease and fires

Transition Risks

• EU Emissions Trading Scheme
• Legislation in South Africa to reduce GHG emissions

Opportunities

• Increased use of renewable energy
• Multiple land use approach
• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI G3 Guidelines (B+ level)

Certifications: ISO 14001, OHSAS 18001, FSC™

Third-party Assurance: ERM CVS, Deloitte

Sustainable Products & Innovation

• OLMO Paper 2.0+
• EcoLiner
• Green Range products

Awards & Recognition

• Pulp and Paper International awards for Environmental Strategy of the Year, Managing Risk and Safety, and Efficiency Improvements
• WWF Environmental Paper Award for Transparency and Best Environmental Performance Paper Brands
• Listed in CDP’s FTSE350 Carbon Disclosure Leadership Index and FTSE350 Carbon Performance Leadership Index

Environmental Metrics

ESG Focus Areas

• Employee and contractor safety
• A skilled and committed workforce
• Fairness and diversity in the workplace
• Sustainable fibre
• Climate change
• Constrained resources and environmental impacts
• Biodiversity and ecosystems
• Supplier conduct and responsible procurement
• Relationships with communities
• Solutions that create value for our customers

Environmental Achievements

• Reduced specific CO2e emissions from pulp and paper mills by 29% (2014 vs. baseline)
• Pulp and paper mills were electricity self-sufficient in 2015
• 59% of mill fuel consumption from renewable sources
• Reduced waste to landfill by 22% since 2010
• Commissioned new recovery boiler and biomass boiler at Świecie mill (Poland), significantly reducing CO2e emissions and dust

Social Achievements

• Launched Inspire program to engage employees and strengthen culture
• Established Mondi Zimele Jobs Fund (South Africa) to support small enterprises
• Launched Social Sustainability Network for a more strategic approach to community development
• Improved safety culture at Syktyvkar logging operations
• Invested €17 million to engineer out Top 5 Fatal Risks

Governance Achievements

• Published the Group’s first integrated report
• Maintained FSC certification of all forests
• Exceeded 60% minimum threshold for wood procured from Chain-of-Custody (CoC) certified sources
• 100% of mills CoC-certified

Climate Goals & Targets

Environmental Challenges

• Climate change
• Degradation of ecosystems
• Resource scarcity and emissions
• Business and human rights
• Emergence of new markets
• Demand for sustainable products
• Transparency and public awareness
• Administrative and financial burdens of certification restricting uptake among small and medium forest owners

Mitigation Strategies

• Investing in energy efficiency and responsible wood procurement
• Sustainably managed forests
• Global partnership with WWF
• Working with certification systems to improve and simplify processes
• Risk-based approach and simplification of certification systems
• Cascading use of wood principle
• Developing a responsible, inclusive and sustainable supply chain
• Effective stakeholder engagement and meaningful social investments

Supply Chain Management

Responsible Procurement

• Procuring wood from responsible, credible sources
• Encouraging supply chain transparency and promoting fair working conditions

Climate-Related Risks & Opportunities

Transition Risks

• Increasing fuel costs
• Uncertainties in carbon regulation and taxation

Opportunities

• Sale of green energy and green fuels
• Self-sufficiency in electricity
• Cost reduction through energy efficient operations

Reporting Standards

Frameworks Used: GRI G4 core guidelines

Certifications: FSC®

Third-party Assurance: ERM CVS

Sustainable Products & Innovation

• Advantage Formable paper grade
• MAESTRO® papers
• HYBRIDPRO industrial paper bag

Awards & Recognition

• Mondi Diamond Awards (for Syktyvkar logging operations safety culture transformation and Advantage Formable)

Environmental Metrics

ESG Focus Areas

• Employee and contractor safety
• A skilled and committed workforce
• Fairness and diversity in the workplace
• Sustainable fibre
• Climate change
• Constrained resources and environmental impacts
• Biodiversity and ecosystems
• Supplier conduct and responsible procurement
• Relationships with communities
• Solutions that create value for our customers

Environmental Achievements

• 15% reduction in CO2e (tonnes per tonne of saleable production against a 2014 baseline)
• 12% freshwater reduction (against a 2015 baseline)
• 11% reduction in specific waste to landfill (against 2015 baseline)
• 27% reduction in TRS emissions (against 2015 baseline)
• 5% reduction in specific effluent load (COD) (against 2015 baseline)
• Increased energy self-sufficiency at pulp and paper mills from 93% in 2012 to 98% in 2016

Social Achievements

• No fatalities or life-altering injuries in 2016 (excluding a fatality in February 2017)
• 13% improvement in TRCR (against a 2015 baseline)
• €2m invested in communities
• 700 people trained in behavioural safety in Gronau (Germany)
• 790,000 training hours

Governance Achievements

• Strong governance with a focus on transparency, integrity and accountability
• Completed four acquisitions totalling €185m

Climate Goals & Targets

Environmental Challenges

• Largely unsupportive pricing environment and limited economic growth
• Customers increasingly relying on Mondi to take responsibility throughout the supply chain
• Challenging trading environment in certain uncoated fine paper markets following price erosion in Europe and emerging market currency volatility
• Extended drought in South Africa
• Increased scrutiny of the tax affairs of multinational companies

Mitigation Strategies

• Implemented new Growing Responsibly model with 10 action areas and specific commitments to 2020 (2030 for climate change)
• Implemented price increases in containerboard, sack kraft and uncoated fine paper grades
• Focus on operational excellence, investment in people, and responsible use of resources
• Ongoing initiatives to implement profit improvement programmes, including investment in operations, plant optimisation, cost-cutting, and restructuring
• Conservative funding model and low level of financial leverage
• Active monitoring of countries and environments in which Mondi operates
• Multiple suppliers for each operation and longer-term agreements with strategic suppliers
• Internal monitoring and risk assessment system to manage supplier performance
• High levels of vertical integration to reduce exposure to price volatility of key input costs
• Focus on improving energy efficiency and increased electricity self-sufficiency
• Proactive repair and maintenance strategy to improve production reliability
• Comprehensive training and compliance programme
• Confidential reporting hotline (Speakout)
• Comprehensive IT Security Policy and regular threat assessments
• Plans to reduce total water consumption, increase water piped from the Tugela River, and investigate water recycling

Supply Chain Management

Responsible Procurement

• Forest Stewardship Council® (FSC®) certified forests
• Procurement of wood from responsible sources
• Supplier’s Code of Conduct
• Monitoring and managing risks and opportunities through central supplier relationship management (SRM) system

Climate-Related Risks & Opportunities

Physical Risks

• Increasing energy costs
• Physical risks related to climate change

Transition Risks

• Regulatory changes related to climate change

Opportunities

• Increased electricity self-sufficiency
• Reduced reliance on fossil fuels
• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI G4 core requirements

Certifications: FSC, ISO 14001, OHSAS 18001

Third-party Assurance: ERM CVS (for scope 1 and 2 GHG data)

Sustainable Products & Innovation

• Advantage MF EcoComp
• SplashBag
• Watermelon’s Dream
• Paper-based food packaging
• roomskin®
• Glassliner
• Spouted Pouch

Awards & Recognition

• Štětí mill received the ‘Social responsibility for the Ústí region’ award

Environmental Metrics

ESG Focus Areas

• Climate Change
• Forestry
• Communities
• Employee Safety
• Diversity & Inclusion
• Sustainable Fibre
• Water Stewardship
• Circular Economy
• Responsible Procurement
• Human Rights

Environmental Achievements

• 15.5% reduction in specific CO2e emissions against 2014 baseline
• 72% of wood procured was FSC- or PEFC-certified (with the remainder meeting minimum Controlled Wood standards)
• 100% of our managed forests remained FSC-certified
• 3.0% decrease of specific waste to landfill against the 2015 baseline
• 12.6% reduction of specific NOx emissions against the 2015 baseline

Social Achievements

• 22% reduction in total recordable case rate since 2015 baseline
• Launched Reverse Mentoring programme
• Extended Employee Assistance Programme to 14 countries
• €13m community investments
• Joined UN Women’s Empowerment Principles – We Mean Business initiative

Governance Achievements

• Completed simplification of dual listed company structure
• Improved Board diversity
• Enhanced stakeholder engagement processes
• Strengthened risk management framework

Climate Goals & Targets

Environmental Challenges

• Industry productive capacity
• Product substitution
• Fluctuations in selling prices
• Country risk
• Climate change related risks (transition and physical)
• Attraction and retention of key skills
• Reputational risk
• Information technology risk
• Water scarcity in South Africa
• Odour incidents at Ružomberok and Richards Bay mills

Mitigation Strategies

• Focus on low-cost production and innovation
• Investment in high-quality assets
• Growth in higher growth markets
• Vertical integration
• Geographic diversity
• Decentralised management
• Credit insurance
• Country risk premiums
• GHG emission reduction investments
• Diverse wood sourcing
• Tree improvement programmes
• Science-based targets
• Employee training and development
• Diversity and inclusion policies
• Stakeholder engagement
• IT security policy and training
• Water stewardship assessment methodology
• Investments to reduce odour emissions

Supply Chain Management

Supplier Audits: 1000 suppliers screened

Responsible Procurement

• Code of Conduct for Suppliers
• Responsible procurement process
• Due Diligence Management System (DDMS)

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Floods
• Storms
• Droughts
• Fires
• Water scarcity

Transition Risks

• Regulatory changes (carbon taxes, etc.)
• Market shifts towards sustainable packaging

Opportunities

• Reduced operating costs through energy and water efficiency
• Income from selling low-carbon by-products

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: FSC, PEFC, ISO 14001

Third-party Assurance: ERM CVS

UN Sustainable Development Goals

• SDG 6
• SDG 7
• SDG 8
• SDG 9
• SDG 12
• SDG 13
• SDG 15

Mondi's initiatives contribute to these goals through sustainable forestry, responsible resource management, community investment, employee well-being, and climate action.

Sustainable Products & Innovation

• MailerBag
• EnvelopeMailer
• BucketBox
• StripPouch
• Protector Bag
• Sustainex biodegradable materials
• Biodegradable wipes

Awards & Recognition

• Five WorldStar Packaging Awards (2020)
• Other industry awards (e.g., Kompack Green Packaging Star Award, German Packaging Award)

Environmental Metrics

ESG Focus Areas

• Climate change
• Circular economy
• Employee safety and wellbeing
• Diversity and Inclusion
• Responsible sourcing

Environmental Achievements

• 25% reduction in mills’ greenhouse gas emissions against 2014 baseline
• 22% reduction of specific waste to landfill compared to 2020
• 78% of revenue from reusable, recyclable or compostable products

Social Achievements

• Zero work-related fatalities
• Total Recordable Case Rate (TRCR) of 0.62
• €11.8 million invested in social initiatives

Governance Achievements

• Launched Mondi Action Plan 2030 (MAP2030) sustainability framework
• Committed to Net-Zero by 2050
• Sustainability Linked Loan

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to pandemic and raw material availability
• Rising commodity input costs (energy, resins, paper for recycling, transport)
• Climate change related risks (physical and transition risks)

Mitigation Strategies

• Price increases across all businesses
• Cost control initiatives
• Investments in energy efficiency and renewable energy
• Tree improvement programs
• Water stewardship initiatives
• Collaboration with stakeholders

Supply Chain Management

Supplier Audits: 2,617 supplier production sites screened in 2021

Responsible Procurement

• Code of Conduct for Suppliers
• Responsible Procurement process
• Due Diligence Management System (DDMS)

Climate-Related Risks & Opportunities

Physical Risks

• South African plantation yield loss
• Chronic changes in precipitation
• Higher wood procurement costs
• Risk of flooding

Transition Risks

• GHG regulatory changes
• Energy supply costs
• Changing customer behaviour

Opportunities

• Sale of by-products
• Reduced operating costs through energy efficiency
• Changing customer behaviour

Reporting Standards

Frameworks Used: GRI Standards: Core option, SASB: Containers & Packaging Industry Standard, TCFD

Certifications: FSC, PEFC, ISO 14001

Third-party Assurance: ERM CVS

Sustainable Products & Innovation

• Advantage StretchWrap
• Les Crudettes functional barrier paper
• MonoCorr Box
• WalletPack

Awards & Recognition

• Nine 2022 WorldStar Packaging Awards

Environmental Metrics

ESG Focus Areas

• Climate Change
• Circular Economy
• Empowered People
• Responsible Business Practices

Environmental Achievements

• 17% reduction of absolute Scope 1 and 2 GHG emissions against 2019 baseline
• 4% reduction of absolute waste to landfill from manufacturing processes compared to 2020 baseline
• 82% of revenue from reusable, recyclable, or compostable packaging and paper products

Social Achievements

• 8% improvement in Total Recordable Case Rate compared to 2020 baseline
• €8.9 million invested in social initiatives supporting health, environmental protection, education, local enterprise, and infrastructure
• 443,000 employee and contractor training hours

Governance Achievements

• Science-based Net-Zero GHG reduction targets approved for Scopes 1, 2 & 3, aligned to a 1.5°C scenario
• Sustainability KPIs linked to 20% of annual bonus for ~3,400 employees
• Completed sale of Personal Care Components business

Climate Goals & Targets

Environmental Challenges

• Higher input costs (energy, wood, plastic resin, chemicals, transport)
• Softer demand and destocking in the second half of 2022 and into Q1 2023
• Supply chain disruptions due to the war in Ukraine and related sanctions (especially wood)
• Climate change related risks (physical and transition)

Mitigation Strategies

• Implemented price increases to recover higher input costs
• 80% of mills' energy needs from renewable fuels, reducing reliance on natural gas
• Geographic diversification and operational flexibility
• Ongoing focus on operational performance to mitigate inflationary effects
• Investments in energy efficiency and renewable energy sources
• Strategic partnerships with suppliers and stakeholders
• Development of sustainable alternatives and innovative packaging solutions

Supply Chain Management

Supplier Audits: 369 supplier sites screened in 2022 (78% of total spend)

Responsible Procurement

• Code of Conduct for Suppliers
• Responsible Procurement Process
• Due Diligence Management System (DDMS) for wood and pulp

Climate-Related Risks & Opportunities

Physical Risks

• South African plantation yield loss
• Chronic changes in precipitation
• Higher wood procurement costs
• Risk of flooding

Transition Risks

• GHG emissions regulatory changes
• Energy supply costs
• Asset impairment risk

Opportunities

• Sale of by-products
• Reduced operating costs through energy efficiency
• Changing customer behaviour

Reporting Standards

Frameworks Used: GRI Universal Standards (2021), SASB: Containers & Packaging Industry Standard, TCFD

Certifications: FSC, PEFC, ISO 14001

Third-party Assurance: ERM CVS

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Hug&Hold packaging
• MailerBAG
• ProVantage KraftTop LinerX
• TrapezeBox
• ONE bag
• Protector Bag
• Pak-(k)it
• Pergraphica® printing papers
• Advantage StretchWrap

Awards & Recognition

• Eight 2023 WorldStar Packaging Awards

Environmental Metrics

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: FRS 101

Third-party Assurance: PricewaterhouseCoopers LLP

Environmental Metrics

ESG Focus Areas

• Sustainability
• Circular Economy
• Climate Change
• Employee Safety
• Responsible Sourcing

Environmental Achievements

• Reduced waste to landfill per tonne of production by 4% (46% reduction compared to 2020 baseline)
• Achieved an 11% reduction in Scope 1 and 2 emissions compared to 2023 (31% reduction compared to 2019 baseline)
• 79% of energy from renewables (2023: 75%)
• Increased the proportion of Mondi revenue from reusable, recyclable or compostable products to 87% (2023: 85%)

Social Achievements

• Implemented local actions to address points raised in the 2023 Employee Survey
• Conducted a pulse survey on speaking up in 2024, with a 78% participation rate
• Received ten 2025 WorldStar Packaging Awards

Governance Achievements

• Disciplined capital allocation to deliver value accretive growth
• Recommended total ordinary dividend of 70.0 euro cents per share – in line with 2023
• Returned net proceeds from sale of the Group’s Russian assets (€769 million) to shareholders as a €1.60 per share special dividend

Climate Goals & Targets

Environmental Challenges

• Soft demand and a challenging pricing environment
• Market recovery faltered with many markets experiencing lacklustre demand
• Higher fixed costs from scheduled mill maintenance shuts
• Customer adoption rates for sustainable alternatives slower than expected due to weak macroeconomic environment

Mitigation Strategies

• Implementing price increases across our range of packaging paper grades
• Managing costs and driving productivity
• Ramping up new capacity expansion projects
• Continuous improvement initiatives to optimise productivity, enhance efficiency and eliminate waste
• Investments to improve energy efficiency, reduce environmental impacts and maintain a competitive advantage
• Focusing on executing operational and commercial strategy to ensure capacity expansion projects ramp up efficiently

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Demand for sustainable products

Sustainable Products & Innovation

• Fully recyclable, paper-based padded mailer

Awards & Recognition

• Ten 2025 WorldStar Packaging Awards