India, March 10 -- Mondi's 2024 Integrated and Sustainable Development reporting suite is available now, offering insights into our financial performance, strategic progress and how we are delivering against our ambitious sustainability commitments.

"Our 2024 Integrated reportdemonstrates how we are creating long-term value by investing in our operations, innovating with customers and driving sustainable growth," As Andrew King, Group CEO, explains in his strategic review:

Strategic Achievements in 2024

Mondi's commitment to continuous improvement has led to several key milestones across its operations:

Operational Advancements: Enhanced procurement synergies to optimize input costs, increase energy efficiency, and improve product quality.

Infrastructure Investments: Completion of a new kraft paper machine at Steti (Czech Republic) and major mill modernizations in Swiecie (Poland) and Kuopio (Finland). Expansion of box plants in Warsaw and Simet (both in Poland).

Employee Engagement: Extensive workforce engagement programs to foster a culture of innovation and safety.

Customer Collaboration: Strengthened partnerships to develop high-quality packaging and paper solutions that meet global health and safety standards.

Sustainability Progress Under MAP2030

Mondi's 2024 Sustainable Development Report details the company's progress against its Mondi Action Plan 2030 (MAP2030), highlighting significant strides in circular economy, climate action, and employee well-being.

Circular Driven Solutions 87% of revenue generated from packaging and paper products that are reusable, recyclable, or compostable.

1,776 products assessed using in-house life-cycle-based tools, with 224 product carbon footprints calculated.

4% reduction in specific waste to landfill compared to last year, translating to a 46% overall reduction since 2020.

Empowering People Employees and contractors completed 566,333 hours of training, averaging 25 hours per employee.

Maintained a strong safety record with a Total Recordable Case Rate of 0.68, underscoring the company's commitment to workplace safety.

Continued support for employees through Employee Assistance Programmes (EAPs) for professional and personal well-being.

Taking Action on Climate 31% reduction in absolute Scope 1 and 2 GHG emissions since 2019 and an 11% reduction compared to the previous year.

15% decrease in absolute Scope 3 emissions since 2019, with an 8% increase from last year due to higher production volumes.

100% responsibly sourced wood fibre, with 76% FSC or PEFC certification and the remainder meeting FSC Controlled Wood standards.

Mondi remains committed to sustainable growth, leveraging its strong operational foundation and innovation-driven strategy to meet evolving global demands for sustainable packaging and paper solutions.

Published by HT Digital Content Services with permission from FoodTechBiz.