Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]In Mondi´s Energy & Climate policy, we share the concerns of the international community about climate change and mention that industry should play an important role in worldwide efforts to reduce greenhouse gas emissions. We comply with all applicable laws and are guided by the relevant internationally recognised principles. We highlight that we meet the relevant local, national and regional laws and all relevant international treaties and agreements. We act in accordance with internationally declared principles and standards, including but not limited to the UN Sustainable Development Goals and the ten principles of the UN Global Compact.
We also mention in our Energy Policy that we are promoting the cascading use of wood products principle and the use of residues and by-products from the process for energy generation. This climate-related policy action is driven by CEPI, the European association representing the paper industry with Mondi as a long-lasting active member.
In December 2021, Mondi has also committed to a science-based net zero target, which is currently validated by the SBTi. While awaiting validation of our Net-Zero commitment by the SBTi, we signed up to the UN Business Ambition for 1.5°C, the world's largest and fastest-growing group of companies committed to taking urgent climate action aligned with 1.5°C and Net-Zero. This initiative champions science-based target setting as a powerful way of boosting companies' and financial institutions' competitive advantage in the transformation to the low-carbon economy. Science-based targets are greenhouse gas emissions reduction targets that are in line with the level of decarbonisation required to meet the goals of the Paris Agreement – to limit global warming to well-below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C.