Science-based targets for a sustainability strategy
Sustainability Strategy
Based on the results of the materiality analysis, a sustainability strategy was defined for the entire Group in 2021. The material topics and the respective objectives of the MM sustainability strategy were each assigned to one of the strategic areas of ‘Planet’, ‘People’, or ‘Prosperity’ in line with the United Nations’ ‘Agenda 2030’. In this way, we are focusing on economic success in harmony with society and nature.
Our Science-Based Targets were officially recognised in 2022 and have served as central points of reference for our sustainability strategy ever since. In the run-up to this, MM joined the global ‘Business Ambition for 1.5 °C’ initiative to take appropriate measures to help limit global warming to 1.5°C by 2031.
Our Sustainability Targets
Reduce absolute Scope 1, 2 and 3 greenhouse gas emissions by 50.4 % by 2031 (base year 2019).
99 % recovery of process residues (recycling/reuse/incineration with energy recovery) by 2030.
Efficiency increase in water consumption by 30 % by 2030 (base year 2019).
Exchange on the MM Group’s sustainability targets with 90 % of its ‘key suppliers’ by 2025.
Promote cooperation for circular innovations along the entire value chain.
