According to the Research Institute of the Finnish Economy (ETLA), Metsä Group is Finland's fourth most important company in terms of value added, when both direct effects and the multiplier effects arising through purchases are included in the consideration. Major Finnish corporations have a significant impact on the total national production and financial growth, given that in 2015, the ten largest companies generated a total of 7.5 per cent of Finland’s GDP. As part of its study, ETLA studied the impact of Metsä Group’s bioproduct mill being constructed in Äänekoski in terms of revenue, value added and employment. The impact of the largest investment to date in the history of Finnish forest industry has significant repercussions in the economy during both the construction and the operation of the mill. According to ETLA’s calculations, the EUR 1.2 billion investment in the bioproduct mill will increase the revenue of companies operating in Finland by around EUR 2.4 billion at the construction stage, and it will generate value added that will be directly reflected in economic growth in the amount of nearly EUR 1 billion during 2015–2018.
Mondi Group, a leading global packaging and paper company, today announces a three-year strategic partnership to support the United Nations World Food Programme’s (WFP’s) efforts to save lives, change lives around the globe.
The collaboration will see Mondi make a US$1 million in-kind and financial contribution to help WFP improve how it delivers nutritious food over a complex humanitarian supply chain, with an aim to reduce food waste and mitigate the impact of packaging on the environment. The partnership will draw on the infrastructure, knowledge and expertise from Mondi’s corrugated solutions, paper bags and consumer flexibles businesses.
Over the next three years, the goal is to develop robust and effective guidance for WFP’s global network of food manufacturers and local suppliers as well as for the wider humanitarian community. Ultimately, the partnership aims to design and develop more sustainable packaging to better protect food and maintain its quality as it is subject to a wide variety of storage, transport and handling challenges in different climates.
“One-third of the world’s food is currently wasted each year. That’s enough food to feed 2 billion people, the equivalent populations of Africa and Europe combined. We are delighted to partner with the World Food Programme in this unique collaboration to help improve food distribution and thereby have an impact on world hunger, one of the most pressing problems facing the world today. Mondi has a long and successful history of working with partners to solve sustainability challenges with packaging that is sustainable by design. We are keen to use our wide packaging expertise to help make quality food accessible to those in need.” Andrew King, Group CEO, Mondi
Tim Hunter, Director of Private Partnerships and Fundraising, at WFP added: “Each year, the World Food Programme reaches 100 million people with life-saving and life-changing food assistance. Working across the globe in often difficult environments, we rely on dedicated partners like Mondi to help create innovative solutions to the complex challenges we face every day. Collaborations like this are critical to reaching the Sustainable Development Goals, and we are excited to see this partnership take shape and benefit the people we serve.”