Science-based climate targets of MM officially confirmed
News General news
The Mayr-Melnhof Karton AG (MM Group) has committed itself to a reduction of greenhouse gas emissions in line with climate science. The ambitious targets have now been officially approved by the Science Based Targets initiative (SBTi).
MM consolidates its leadership status in terms of sustainability.
At MM, we focus on economic and technical progress that is consistent with the needs of society and nature through responsible business activities. Based on the strategic pillars "Planet", "People" and "Prosperity", the MM Group has developed a comprehensive sustainability program that includes an overall decarbonization strategy. MM ́s CEO, Peter Oswald, highlights the approach, “Tackling climate change requires ambitious action from the corporate sector. Our science-based targets prove our commitment to building a sustainable economy, by doing what is necessary and not what is easy.”
MM ́s climate targets cover all scopes.
The commitment of MM Group to mitigating climate change includes the reduction of both direct and indirect emissions from operations (Scope 1 and 2) as well as emissions from the value chain (Scope 3):
-MM commits to reduce absolute scope 1 and 2 GHG emissions 50.4% by 2031 from a 2019 base year.
-MM also commits to reduce scope 3 GHG emissions 58.1% per Euro value added, which is equivalent to a 50.4% absolute reduction, by 2031 from a 2019 base year.
The approval by SBTi confirms that MM's group-wide reduction pathway is in line with the Paris Climate Agreement in order to contribute to limiting global warming to below 1.5°C by 2050. For this purpose, MM not only determines GHG emissions of the Group, but also fosters sustainability initiatives of its customers and suppliers.
