Mativ Holdings, Inc.

Mativ Holdings, Inc., an American company in the "All Other Converted Paper Product Manufacturing" industry, reported total market-based carbon emissions of approximately 1.84 billion kg CO2e in 2024. This figure includes Scope 1 emissions of 205,854,800 kg CO2e, Scope 2 market-based emissions of 174,644,200 kg CO2e, and Scope 3 emissions of 1,463,805,000 kg CO2e. Key contributors to Scope 3 emissions in 2024 were purchased goods and services (1,025,996,000 kg CO2e), end-of-life treatment of sold products (231,978,000 kg CO2e), and fuel and energy-related activities (90,067,000 kg CO2e).

In 2023, Mativ Holdings, Inc. recorded total market-based carbon emissions of approximately 1.49 billion kg CO2e. This comprised Scope 1 emissions of 189,993,500 kg CO2e, Scope 2 market-based emissions of 171,907,700 kg CO2e, and Scope 3 emissions of 1,128,131,000 kg CO2e. The primary Scope 3 categories were purchased goods and services (980,420,000 kg CO2e), fuel and energy-related activities (87,328,000 kg CO2e), and upstream transportation and distribution (45,558,000 kg CO2e).

For 2022, the company reported Scope 1 emissions of 225,610,500 kg CO2e and Scope 2 market-based emissions of 185,756,700 kg CO2e. Scope 3 data was not available for this period.

Mativ Holdings, Inc. has committed to several Science Based Targets initiative (SBTi) climate goals. As Schweitzer-Mauduit International (the company's former name), it has set a long-term target to achieve net-zero greenhouse gas emissions across its value chain by 2050 from a 2023 base year. This includes a 90.0% reduction in absolute Scope 1, Scope 2, and Scope 3 GHG emissions by 2050.

Near-term SBTi commitments include reducing absolute Scope 1 and Scope 2 GHG emissions by 54.6% by 2033 from a 2023 base year. Additionally, the company aims to reduce absolute Scope 3 GHG emissions by 32.5% within the same timeframe (by 2033 from a 2023 base year). These targets exclude land-related emissions and removals from biogenic feedstocks for near-term Scope 1 and 2, and for Scope 3 targets, only energy and industrial emissions are included, with FLAG emissions to be included once a pathway for timber and wood fiber is available. The company has also committed to no deforestation across its primary deforestation-linked commodities by 31 December 2025.