Mativ Holdings, Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:189,993.5 MTCO2e (Scope 1) + 171,910.0 MTCO2e (Scope 2, market-based) + 1,128,131 MTCO2e (Scope 3)
Scope 1 Emissions:189,993.5 MTCO2e
Scope 2 Emissions:171,910.0 MTCO2e
Scope 3 Emissions:1,128,131 MTCO2e
Renewable Energy Share:7.9%
Total Energy Consumption:1,372,257.6 MWh
Water Consumption:2,445.3 megaliters (consumed)
Waste Generated:50,996 metric tons
ESG Focus Areas
- Environment
- Product Stewardship
- Social
- Governance
Environmental Achievements
- Began generating on-site solar power at Chennai and Eerbeek facilities
- Installed a boiler economizer at Whiting facility
- Eliminated hazardous materials at Ghislarengo facility, increasing energy efficiency
- Installed LED lighting at Gargrave, New Berlin, and Weidach facilities
- Upgraded air compressors at Greenfield facility
- Zero waste-to-landfill outcome at Ashton facility (UK)
- 45% landfilled waste diverted at Windsor site (US) through waste-to-energy
- 38% reduction in landfilled waste at Andoain facility (Spain) through recycling
Social Achievements
- Introduced Safety Key Element Maturity Assessments (SKEMA)
- Refined balanced scorecard to track safety performance
- Launched Safety Capital Risk Assessment Process and Capital Design Safety Review
- 46 interns and co-ops across eight US locations
- Launched an internal DEI communication campaign
- Partnership with Planet Water Foundation providing clean water access to over 17,200 people
Governance Achievements
- Phased out toluene from Italian operations
- Introduced "Compliance Spotlights" newsletter
- Over 80% of employees completed Code of Conduct training
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Supply chain disruptions due to climate events (acute physical risks)
- Increased costs due to potential future carbon pricing mechanisms in the US
- Potential for unsuccessful investment in new technologies
- Meeting evolving investor, industry, or stakeholder expectations and standards regarding ESG
- Adverse effects on business from climate-related issues and reputational damage
Mitigation Strategies
- Investment in climate risk reduction projects ($12.9 million achieved, further reduction planned)
- Adoption of ISO 50001 certification for energy efficiency
- ESG diagnostic and strategy/roadmap development project with a third-party partner
- Property and business interruption insurance with FM, including regular facility monitoring and risk reports
- Procuring a portion of energy for future periods to reduce cost uncertainty
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct (UN Universal Declaration of Human Rights and ILO Conventions)
Climate-Related Risks & Opportunities
Physical Risks
- Heat stress
- Water stress
- Drought
- Flooding
- Heavy precipitation
- Cold waves/frost
Transition Risks
- Carbon pricing mechanisms
- New regulations
- Market shifts towards sustainable products
Opportunities
- Energy efficiency improvements
- Development of sustainable products
- Increased resilience to climate change impacts
Reporting Standards
Frameworks Used: SASB (Containers & Packaging, Paper & Pulp Products), TCFD
Certifications: ISO 14001 (11 facilities), ISO 50001 (4 facilities), ISO 9001 (32 sites), ISO 13485, IATF 16949, FSC, OEKO-TEX, UL
Sustainable Products & Innovation
- DigiScape® Wallcovering
- CONVERD® Wide Format Rigid Board
- Itasa Futura Liners
- NEENAH® Folding Board
- RecycotapeTM