EQS-News: Mayr-Melnhof Karton AG: Science-based climate targets of MM officially confirmed

EQS-News: Mayr-Melnhof Karton AG / Key word(s): Miscellaneous
Mayr-Melnhof Karton AG: Science-based climate targets of MM officially
confirmed

22.04.2022 / 09:00
The issuer is solely responsible for the content of this announcement.

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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.
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About SBTi
The Science Based Targets initiative (SBTi) is a global body enabling
businesses to set ambitious emissions reductions targets in line with the
latest climate science. It is focused on accelerating companies across the
world to halve emissions before 2030 and achieve net-zero emissions before
2050.
The initiative is a collaboration between CDP, the United Nations Global
Compact, World Resources Institute (WRI) and the World Wide Fund for
Nature (WWF) and one of the We Mean Business Coalition commitments. The
SBTi defines and promotes best practice in science-based target setting,
offers resources and guidance to reduce barriers to adoption, and
independently assesses and approves companies‘ targets.
www.sciencebasedtargets.org

About MM
MM is Europe’s leading producer of cartonboard and folding cartons with an
attractive offer in kraft papers and uncoated fine papers. We promote
sustainable development through innovative, recyclable packaging and paper
products made from renewable, fiber-based raw materials. Therefore, all
activities related to sustainability, environment and safety have special
priority. MM generates sales of approximately EUR 3.5 billion and employs
around 12,800 people.

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22.04.2022 This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: Mayr-Melnhof Karton AG
Brahmsplatz 6
1040 Wien
Austria
Phone: 0043 1 501 36 91180
Fax: 0043 1 501 36 91391
E-mail: investor.relations@mm.group
Internet: www.mm.group
ISIN: AT0000938204
WKN: 93820
Indices: ATX
Listed: Regulated Unofficial Market in Berlin, Frankfurt (Basic
Board), Munich, Stuttgart; Vienna Stock Exchange (Official
Market)
EQS News ID: 1332243

 
End of News EQS News Service

1332243  22.04.2022