Mondi

Mondi has its roots in South Africa where, in 1967, the company's former owner, Anglo American plc, built the Merebank Mill in Durban.[4]

In 2000 the company increased its holdings in Neusiedler AG and Frantschach AG, both Austrian businesses, to 100% and 70% respectively.[5] Also in 2000 it acquired Cofinec, a Polish business. It increased its holding in the Syktyvkar Mill in the Komi Republic to 90% in 2002.[6]

In 2004 Mondi further increased its holdings in Frantschach AG, one of its Austrian businesses, to 100% and in Celuloza Świecie AG, another Polish business, to 71% (and then changed its name to Mondi Packaging Paper Świecie).[7]

On 2 July 2007 the company demerged from its former parent company Anglo American plc, and became a dual-listed company, with Mondi Limited listed on the Johannesburg Stock Exchange and Mondi plc listed on the London Stock Exchange.[8]

In 2011 Mondi demerged Mondi Packaging South Africa (listed as Mpact on Johannesburg Stock Exchange).[9]

In 2012 Mondi acquired Nordenia to extend its consumer packaging business.[10]

In May 2017 Peter Oswald was appointed as new group chief executive officer. In the same year, the approval of the €335 million Štětí mill modernisation (Czech Republic) happened.[11]

In 2019 Mondi completed the simplification of its corporate structure from dual listed into a single holding company under Mondi plc.[11]

On 1 April 2020 Andrew King succeeded Peter Oswald as Mondi Group's chief executive officer.[12]

In 2014 Mondi and WWF began a global partnership to strengthen environmental stewardship in the packaging and paper sector. In 2017 Mondi and WWF extended the partnership for three more years until 2020. In 2018 Mondi and WWF announced that Mondi had joined WWF Climate Savers and committed to reduce specific production-related greenhouse gas (GHG) emissions to 0.25 t CO2e/t production by 2050.[13]

The company is a signatory and advocate of the Global Compact, a UN initiative for business committed to universally accepted principles in the areas of human rights, labour, environment and anti-corruption.[14]

Standardised parameters are applied to monitor the environmental impact of the production processes. Mondi defined its product responsibility on the basis of the UNEP Life Cycle Initiative.[15]

In 2020 Mondi received a platinum CSR rating from EcoVadis, placing Mondi in the top 1% of companies in its sector for sustainability measures around the environment, labour, human rights, ethics and sustainable procurement.[16]

During the 2022 Russian invasion of Ukraine, Mondi refused to join the international community and withdraw from the Russian market. Research from Yale University published on March 28, 2022 identifying how companies were reacting to Russia's invasion identified Mondi in the worst category of "Digging in", meaning Defying Demands for Exit: companies defying demands for exit/reduction of activities.[17] As of April 28, 2022, Mondi remains the only major UK company to have defied demands for exit or reduction of activities in Russia.[18]

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