CONTENTS PEOPLE PETS PLANET
Our ESG progress: At MPM, we remain committed to transparency in our ESG journey, ensuring that we hold ourselves accountable to the goals and targets we set. While some initiatives take longer than expected, we stay focused on resolving challenges and continuously improving our approach. Every barrier we encounter provides valuable learnings, and we remain positive and adaptable as we work together to drive meaningful progress. This update reflects our achievements, ongoing efforts, and the steps we are taking to create a more sustainable and responsible future.
What we said...
What we did...
Running comment...
Commit to STBi’s
Cleansed 2021-2024 datasets to build on our carbon tracking
Data verification took longer than expected, but it was essential before we align with SBTi’s
Evolve carbon data tracker
Internal team prepared clean data sheets for 2021-2024, including upstream transport data
Data validation will continue into 2025
Life cycle assessment
Partnered with Ecomatters for verification
Delayed due to an ERP system failure; final results expected in 2025 Hired an in-house Packaging Technologist to drive further improvements Positive test results for mono-structure retort pouches; further development in progress Internal staff training planned for 2025 alongside risk tracking ESG review in 2025 to align policies across operations, legal, and governance teams In H2 2025, we aim to refine BCP, implement risk monitoring, and integrate lessons learned Ongoing horizon scanning for regulatory updates are share internally once a month
Improve recyclability rate (90%)
Achieved 92% average recyclability rate based on 2024 sales
R&D support & collaborations on new and upcoming packaging
Innovation and Technical teams have successfully developed “complete & balance” products Conducted first third-party assessment and released a Human Rights Statement Improved ESG-related corporate policies as part of B Corp recertification
Human rights deep dive
Corporate policies & procedures review
Business continuity plan – review
Overhauled BCP and assigned clear responsibilities within MPM
Track, implement and collaborate on global directives & regulations
Expanded the team to include dedicated EPR expertise and horizon scanning responsibilities
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MPM Annual Impact Report FY2024
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