Mondi, a global packaging and paper manufacturer, has maintained its Platinum status in EcoVadis’ Corporate Social Responsibility (CSR) ratings for the seventh consecutive year. The Group’s overall score of 84% places Mondi among the top 1% of global companies assessed. "As a trusted global platform for sustainability and corporate social responsibility ratings, EcoVadis is particularly useful to support our engagement with customers who request access to our disclosures. Being again rated among the top 1% of companies globally, recognises our continuous efforts to embed sustainability principles more deeply throughout our organisation and our value chain" Gladys Naylor, Mondi Group Head of Sustainable Development

Irving Pulp & Paper, Limited has submitted a preliminary application to undertake a major upgrade to Saint John's westside pulp mill, representing a new long-term capital improvement plan and a potential $1.1-billion investment. Known as NextGen, the project will increase the mill’s capacity while also increasing the green energy it generates, making it one of the top producing kraft pulp mills in the world and a global leader in environmental performance. An Environmental Impact Assessment (EIA) related to the project has been submitted to New Brunswick’s Department of Environment. ​ “These upgrades will ensure Saint John's pulp mill continues to be at the heart of the province's forest products supply chain, and provides a regional market for chips, bark and pulpwood,” said Irving Pulp & Paper Vice President, Mark Mosher.

President and CEO Ilkka Hämälä: The economy continued to be weak in the third quarter of 2024. In the wood market, trade was normal, and prices remained at a record high, compared with figures across the last two decades. A high cost level combined with low demand across the board resulted in a weak result for the third quarter. The quarterly result was significantly improved by the business interruption insurance compensation for the accident at the Kemi bioproduct mill, which was allocated to the first half. Negotiations on the final insurance compensation are still underway, but EUR 67 million in compensation was recorded for the third quarter. The slowdown in the construction industry continues, and there are no signs of a change in the demand for sawn timber and plywood. Demand for Kerto® LVL has remained strong, proving the product’s competitiveness in construction industry solutions. In China, the pulp market picked up in September, and prices began to gradually increase in softwood pulp trade. Demand remained stable in the European pulp market even though prices continued to decrease, still remaining higher than the price level in Asia. In Europe, the paperboard market continues to be affected by Asian paperboard imports to regions neighbouring the EU such as Türkiye. In the US, the market situation has remained slightly stronger than in Europe. As is typical of consumer products, demand for tissue papers has been stable, and profitability has remained at a reasonable level.