Mativ Holdings, Inc. released its 2023 Environmental, Social, and Governance (ESG) report, marking its first comprehensive, enterprise-wide report. The report details the company's achievements and ongoing initiatives across environmental sustainability, product stewardship, and social and governance topics.
Key environmental advancements include the completion of Mativ's first company-wide climate scenario analysis to evaluate climate-related risks and opportunities. The company also expanded its Scope 3 emissions calculation to include all relevant operations under the Greenhouse Gas Protocol Scope 3 Standard criteria.
In safety, Mativ launched Safety Key Element Maturity Assessments (SKEMA) to evaluate practices against ideal standards and refined a balanced scorecard for tracking performance. Additionally, the Safety Capital Risk Assessment Process and Capital Design Safety Review were established to integrate safety into capital investment projects. The report also highlighted a revamped annual code of conduct training program for all employees.
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