2025 Corporate Sustainability Report
MOMENTUM
BUILDING ON
OUR LEGACY
TO CREATE A MORE
SUSTAINABLE
FUTURE.
A LETTER FROM OUR CHIEF EXECUTIVE OFFICER AND PRESIDENT
Dear Friends,
At Monadnock Paper Mills, continuity has always been at the heart of who we are. For more than two centuries, our ability to evolve with our customers, adapt to changing markets, and continuously improve our operations has allowed us to remain a trusted partner and a leader in sustainable fiber-based solutions.
The year 2025 reinforced the importance of staying nimble. As customer needs continued to evolve, we expanded our capabilities, strengthened our custom manufacturing expertise, and embraced the complexity required to support a broader product portfolio. Our ability to respond quickly, collaborate closely with customers, and develop tailored sustainable solutions remains our greatest strength.
Our commitment to operational excellence also continued partly through strategic investments and improvement initiatives supported by the New Hampshire Stabilization Grant. These efforts enabled us to enhance efficiency, optimize processes, and strengthen our manufacturing operations. Through these improvements, our team has been better positioned to support increased production demands, manage more frequent grade changes, and continue delivering the quality and performance our customers expect.
The past year also highlighted the importance of innovation in advancing our sustainability mission. We remain laser-focused on replacing single-use plastic materials with renewable, fiber-based alternatives that support a more circular future. Through ongoing research, product development, and close collaboration with our customers, we continue to create solutions that enable brands to achieve their sustainability goals without compromising performance.
As we expanded our product offerings and responded to market opportunities, our operations successfully navigated multiple product changes and increased manufacturing complexity. This flexibility reflects the dedication and expertise of our employees, whose knowledge, craftsmanship, and commitment make our continued evolution possible.
This year also marked a significant moment in Monadnock’s history as we experienced the loss of our owner and longtime CEO, Richard Verney. His vision, leadership, and dedication shaped the company and strengthened our commitment to sustainability, innovation, and responsible manufacturing. While his absence is deeply felt, we continue forward with a renewed commitment to carrying on the legacy he built. The Monadnock team and I remain dedicated to advancing our collective mission while honoring the values that have guided us for generations.
Sincerely,
Andrew Manns
Chief Executive Officer and President
Monadnock Paper Mills, Inc.
THE PLATINUM MEDAL RATING FROM ECOVADIS PLACED MONADNOCK IN THE TOP
1%
OF COMPANIES EVALUATED WORLDWIDE FOR TWO YEARS IN A ROW.
FOUNDED IN
MONADNOCK PAPER MILLS IS THE OLDEST CONTINUOUSLY OPERATING PAPER MILL IN THE UNITED STATES.
ABOUT MONADNOCK PAPER MILLS, INC.
For more than two centuries, our ability to adapt, innovate, and evolve has driven our success. As an independent, family-owned company based in Bennington, New Hampshire, we continue to build on this legacy by delivering fiber-based materials that help global brands in the printing, packaging, and specialty technical markets meet the highest standards of quality, performance, and sustainability.
Our momentum is built on a foundation of collaboration, deep technical expertise, and a commitment to continuous improvement. Sustainability is woven into the way we operate, from responsible sourcing and resource management to investments in our employees, our community, and the long-term health of our environment. Every decision reflects our belief that responsible growth requires both accountability and action.
Today, we continue moving forward by combining generations of papermaking knowledge with innovation that addresses the challenges of a changing world. Many Monadnock products are Forest Stewardship Council® (FSC®) certified and are manufactured under an ISO 14001-certified Environmental Management System. These third-party standards reinforce our commitment to responsible forestry practices, environmental stewardship, and operational excellence.
With more than two centuries of experience behind us, Monadnock’s future is shaped by the same principles that have guided us since 1819: resilience, ingenuity, and purpose. This report reflects the systems, standards, and progress that define our approach to sustainability and the momentum we are creating as we continue building a more sustainable future.
Custom Solutions:
Custom-engineered paper solutions for brands and converters with unique performance or sustainability requirements.
Fine Printing:
Coated and uncoated papers engineered for high-quality image reproduction and consistent print performance. Crafted with responsibly sourced fiber containing up to 100% post-consumer recycled content.
Wide Format:
Created for indoor and outdoor signage, point-of-purchase displays, and retail and hospitality advertising. Manufactured as a sustainable alternative to PVC and other single-use plastics.
Packaging:
Performance papers and boards designed for strength, durability, and visual impact in packaging applications that require structural integrity. Made with up to 100% post-consumer recycled fiber, including alternative fibers like hemp and cotton.
Technical:
Specialized substrates designed for various applications, including medical packaging and diagnostic papers, archival papers and boards, and other uses requiring precision and accuracy.
MONADNOCK PAPER MILLS BECOMES
1st
PAPER MILL TO ACHIEVE MASTERCARD’S CARD ECO-CERTIFICATION (CEC)
THIRD-PARTY CERTIFICATIONS, VERIFICATIONS, & ASSESSMENTS
Building on more than two centuries of responsible manufacturing, Monadnock continues to advance its commitment to quality, environmental responsibility, and sustainability through recognized third-party certifications and verifications that validate our progress and reflect our responsibility to the communities, industries, and environment we serve.
ISO 9001: Monadnock adheres to the requirements of the ISO 9001 Quality Management System, ensuring consistency in product quality, process control, and continuous improvement.
FSC® C018866: Many Monadnock products are certified by the Forest Stewardship Council®, ensuring materials are sourced from responsibly managed forests.
ISO 14001: Monadnock is certified to the ISO 14001 Environmental Management System, providing a framework for identifying, monitoring, and reducing environmental impacts across our operations.
Green-e®: Monadnock products are produced using 100% renewable, Green-e® certified wind energy (RECs).
Scope 1 and 2 Emissions: Monadnock purchased VERs and RECs to offset our scope 1 and 2 GHG emissions.
EcoVadis Platinum Rating: Monadnock has received a Platinum rating from EcoVadis for the second year in a row, placing the company among the top 1% of more than 90,000 companies assessed globally across key categories including Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.
MasterCard Card Eco-Certification (CEC): Monadnock was the first paper mill to achieve this certification for Envi® Card Stock 28 pt and Envi® Paper Card 30 pt, manufactured with virgin and 100% post-consumer waste (PCW) content. The certification evaluates responsible sourcing, production practices, and end-of-life considerations.
TÜV Certification: This certification verifies that Monadnock’s material meets rigorous standards for safe decomposition in home composting environments—an important milestone for brands seeking to replace single-use plastics with renewable, fiber-based alternatives.
PARTNERSHIPS
Monadnock’s continued engagement in these organizations reflects our ongoing commitment to responsible growth, transparency, and alignment with evolving industry standards.
AIPPM: The Association of Independent Printing Paper Merchants supports its members by driving growth and value through collective purchasing and marketing opportunities, encouraging the adoption of best business practices, and fostering the open exchange of ideas across the industry.
American Forest & Paper Association (AF&PA): Represents the makers of essential paper and wood products used daily by Americans, while advocating for a strong, sustainable U.S. paper and wood products industry.
ICMA: ICMA (the International Card Manufacturers Association) is a global trade association that connects and supports the card manufacturing and personalization industry by providing education, networking, and resources that promote innovation and best practices.
Sustainable Green Printing Partnership (SGP): Monadnock is a Platinum Patron of SGP, supporting its mission to drive measurable sustainability improvements across the printing and packaging industries.
New Hampshire Businesses for Social Responsibility (NHBSR): An organization that advocates for sustainable business practices that positively benefit communities and the environment.
Printing Industries of New England (PINE): Supports innovation and excellence within the New England printing and graphic communications industry.
The Retail Gift Card Association (RGCA): Promotes best practices and drives innovation within the closed-loop gift card industry.
Digital Solutions Cooperative (DSCOOP): Fosters collaboration and knowledge-sharing among digital printing and graphic arts professionals.
Canopy Planet: Protects ancient and endangered forests while promoting circular, climate-friendly alternatives in the paper supply chain. HP Indigo: Empowers print and packaging brands to meet their sustainability goals through efficient operations, circular design, and partnership.
EcoVadis: Provides a global standard for assessing and improving sustainability practices across business operations and supply chains.
Forest Stewardship Council® (FSC®): Ensures the responsible use of forest resources managed to meet the social, economic, and ecological needs of present and future generations.
Material ConneXion (MCX): Assists brands in identifying sustainable alternatives and recommends materials that enhance performance and aesthetics while reducing environmental impact.
NPTA (National Paper Trade Association): Represents North America’s paper distribution industry, providing education, networking, advocacy, and business resources for paper merchants, manufacturers, and suppliers.
Two Sides North America: Promotes responsible environmental practices across the paper, print, graphic communications, and paper-based packaging industries through research, outreach, advocacy, and community engagement.
EPA SmartWay Transportation Partner: To help reduce the carbon footprint associated with product transportation, Monadnock partners with the Environmental Protection Agency (EPA) through the SmartWay Program, a globally recognized system for benchmarking and reporting freight emissions across supply chains.
COLLABORATION WITH LIKE-MINDED ORGANIZATIONS REFLECTS MONADNOCK’S BELIEF THAT PURPOSE-ALIGNED PARTNERSHIPS ARE ESSENTIAL TO MEANINGFUL PROGRESS, STRENGTHENING ACCOUNTABILITY, BROADENING OUR NETWORK, AND ADVANCING OUR COMMITMENT TO SUSTAINABILITY.
ENVIRONMENTAL POLICY
Monadnock Paper Mills, Inc. (“MPM”) is committed to responsible environmental stewardship and works to minimize environmental impact while maintaining a strong standard of operational excellence.
This commitment is reflected in our planning and goal setting, data monitoring, employee training, and compliance with applicable environmental laws, regulations, and permitting requirements, and is supported by our ISO 14001 Environmental Management System, which guides practices across all MPM employees, facilities, and properties.
View the full Monadnock Environmental Policy at www.mpm.com/sustainability
TONS CO2 EMISSIONS OFFSET USING VERIFIED EMISSION
See Appendix, Environmental Metric Chart
ENERGY & GREENHOUSE GAS EMISSIONS
MPM is committed to meeting or exceeding industry standards for energy use and greenhouse gas (GHG) emissions through ongoing measurement, efficiency improvements, and reduction initiatives. This includes annual Scope 1 and 2 emissions tracking, operational efficiency audits, reduced travel emissions through virtual alternatives, and the use of Renewable Energy Credits (RECs) and Verified Emissions Reductions (VERs) to offset a portion of emissions.
Air Pollution
Monadnock is committed to pollution prevention and routinely monitors, controls, and treats air emissions, including volatile organic compounds, aerosols, corrosives, particulates, ozone-depleting substances, and combustion byproducts generated from our operations. We continue to identify sources of air emissions from our facility and prioritize the use of current technologies that reduce and minimize air pollutants.
Water
Monadnock tracks water use and discharge quality across its operations and is committed to meeting or exceeding industry standards for water consumption and effluent quality. Our 1.9 MW Monadnock hydropower project supports local ecosystem health and offsets conventional energy use, while we continue to reduce water use through audits, WaterSense product prioritization, and the use of recycled or white water where safe and feasible.
Materials & Waste
Monadnock minimizes waste generation by mapping waste streams, optimizing production processes, and selecting low-impact materials during product development. These efforts support continuous improvement in reducing overall waste across our operations.
Hazardous Materials
Monadnock implements a formal Hazard Communication Program to identify and manage risks associated with hazardous materials in our processes and products.
Biodiversity
Monadnock is committed to helping reduce its impact on endangered species and protected land areas by working to prevent operational pollution from entering waterways, exploring opportunities to support local biodiversity initiatives where feasible, and encouraging employee volunteerism with organizations that help protect and strengthen ecosystems in the community.
Employee Training
At Monadnock, employees receive annual training on our Environmental Policy and practices, with ongoing communication to ensure awareness and compliance.
ISO 14001 OBJECTIVES
Monadnock continues to advance environmental stewardship through focused, year-over-year improvements. This ongoing effort reflects our commitment to accountability, measurable progress, and continuous improvement across all areas of sustainability performance.
Electricity: In 2025, the conversion of two additional V-belt drives on equipment improved motor efficiency by approximately 5% each and extended drive belt life by 100–200%. This project resulted in an estimated savings of 20,000 kWh.
Waste Reduction: In 2025, Monadnock diverted 98.5% of waste from landfills through recycling initiatives. Paper stock loss was also reduced from 3.5% in 2024 to 3.45% in 2025, driven by targeted improvement projects including installation of valve position indicators and alarms on stock valves, recycling PM cleaner system “rejects” on select grades, and modifications to the paper machine wet end to reduce fiber loss to the sewer during heavy-weight grade runs.
Water Consumption: Water use averaged 6,651 gallons per ton of production in 2025. Consumption increased slightly due to smaller production runs, more frequent grade changes, and commissioning adjustments associated with the #1 PM cleaner system modification completed in July 2025. However, the installation of automatic fresh water control valves on the #1 PM wet end for weekly start-ups is expected to reduce fresh water use by approximately 2 million gallons moving forward.
Oil Consumption: In June 2025, Monadnock completed a boiler continuous blow-down heat recovery project expected to reduce energy use by approximately 2,400 MM BTUs annually, equivalent to roughly 16,000 gallons of fuel oil.
Hydroelectric Energy: Monadnock owns and operates a 1.9 MW hydroelectric facility on the Contoocook River, which can supply up to 50% of the electricity required to manufacture our paper products depending on annual precipitation and river flow conditions.
Recycled Fiber: We continue to manufacture products made with 100% post-consumer recycled fiber. We used 2,131 tons of post-consumer recycled pulp in 2025.
INSTALLATION OF VALVE POSITION INDICATORS AND ALARMS ON STOCK VALVES EXPECTED TO REDUCE FRESH WATER USE BY
Million Gallons in 2026
METRICS
The following metrics reflect both the progress and the variability inherent in a dynamic manufacturing environment. In 2025, operational performance was shaped by a combination of targeted efficiency improvements, evolving product demand, and increased production complexity driven by more frequent grade changes and product mix shifts. These factors influenced year-over-year results across energy, water, and material flows.
These outcomes are viewed through the lens of Monadnock’s continued commitment to sustainability, responsible resource management and continuous improvement across all areas of our operations. While certain areas saw incremental efficiency gains, others were impacted by external conditions and operational adjustments, including lower hydroelectric generation due to regional drought conditions and commissioning-related refinements in process systems. Taken together, these results underscore Monadnock’s ongoing focus on transparency and disciplined performance as we build on our legacy of responsible manufacturing.
%
OF TOTAL WASTE DIVERTED FROM LANDFILL THROUGH RECYCLING EFFORTS
See Metrics Chart
* Calculator CO₂ Change Significant Due to Update to the latest AR6 UNFCC (United Nations Framework Convention on Climate Change). For additional metrics as reported under the Sustainability Accounting Standards Board (SASB), please refer to the Appendix.
The Un-Plastic Timeline
1997: Ultraform® Backlit Poster
Monadnock introduced Ultraform® as a fiber-based alternative to PVC and Styrene for backlit signage in retail and hospitality. This marked the company’s early initiative in reducing the use single use plastics by providing a paper alternative.
2008: Duraprint®
Duraprint® (now rebranded as Durapak) was developed with pliable wood fiber, providing a premium sustainable alternative to film lamination for box top sheets.
2010: Envi Wallgraphics and Horticultural Tags
Envi Wallgraphics provided a renewable-fiber option for digitally printed wallcoverings. In the same year, Monadnock developed a durable tag for the horticulture sector, designed to replace High Impact Polystyrene (HIPS) and PVC in plant tags and wraps. Options included Kona®, an alternative fiber made with reclaimed coffee bean bags, and Ecokraft®, made with 100% post-consumer waste.
2011: Envi Card
Monadnock introduced Envi Card as a wood-fiber substitute for PVC and PLA gift cards. Third-party tested for curbside recyclability, it offered a non-plastic solution that met performance and aesthetic needs.
2015: Shelf Channel Merchandising
In partnership with a sustainability-focused grocery chain, Monadnock developed a durable paper alternative for in-store pricing displays.
2019: Alternative Fiber Expansion
Monadnock launched its first coated 100% recycled fine printing paper with Astrolite PC 100® Velvet. Designed to support print-on-demand applications, this substrate is 3-star certified to run on HP Indigo presses.
2019: Envi Performance Board
Also in 2019, Monadnock expanded its packaging portfolio with two FSC®-certified substrates: Envi PC 100 Performance Board, made with 100% post-consumer waste, and Hemp Envi Performance Board, made from 30% hemp and 70% post-consumer waste. Both substrates are FSC®-certified, crafted in the US, and designed for high performance and durability.
ENVIsual® launched as a recyclable alternative to PVC and styrene for retail and hospitality signage. Available in 100% PCW content, it is recyclable in standard curbside mixed paper streams and is available in 100% post consumer recycled content.
2022: PCW Bag Closures
Monadnock worked with a global brand to develop a 100% post-consumer waste recycled paper bag closure as a replacement for plastic ties.
2023: Envi PC 100 Card
Envi PC 100 Card, made entirely from PCW fiber, was launched as an alternative to plastic and PVC gift cards, delivering the same high performance and customizability across card carriers and configurations.
2023: Wide Format
Monadnock expanded its Wide Format product line to include sustainable substrates for retail signage. Ultrahide® PC 100 Blockout Poster was designed for indoor use and provides complete opacity. It is Prop 65 compliant, made with 100% PCW recycled fiber and recyclable in the curbside mixed-paper waste bin.
Also engineered for indoor signage, Pavilion™ PC 100 is a bright white, matte-coated stock for applications requiring high-quality image reproduction. This grade is optimized for HP Latex and UV Inkjet printing.
Boulevard™ Poster was specially developed for both indoor and outdoor retail signage applications. Crafted with FSC® Mix certified fiber, it provides the durability and moisture resistance required for demanding environments.
2024: Renovo
Renovo was introduced as a 30-point gift card stock made from 100% post-consumer recycled fiber. Designed to mimic the strength and feel of plastic, its thickness meets the ANSI ISO Testing Protocol 322-2015 for plastic cards.
2024: Stello
Monadnock added Stello™ to its portfolio of fine printing papers. Its Perfect White shade and premium finishes were meticulously formulated to meet the exacting demands of modern printing applications. Available in both smooth and eggshell textures and a range of weights, Stello is a versatile substrate designed for high-end printed materials like wedding and event invitations, photo books and fine stationery.
2024 & 2025: Achieved EcoVadis Platinum
Monadnock is proud to receive a Platinum rating in the 2024 and 2025 EcoVadis assessment, placing us among the top 1% of over 90,000 companies evaluated worldwide. This distinction marks two years in a row with a Platinum rating and reflects our steadfast commitment to continuous improvement.
2025: TÜV / Compostable Card
Compostable Card is a paper-based engineered board developed as a versatile, durable alternative to plastic, made from 100% post-consumer recycled fiber (PCRF) and FDA food-contact-compliant materials. Engineered for demanding environments, the material delivers moisture resistance and temperature stability while still breaking down in home composting systems when properly disposed of, enabling use across bakery closures, security wrap carriers, paper gift and loyalty cards, and durable signage.
2025: Harvest
Harvest Envi PC 100 Performance Board is made with FSC® Certified, 100 percent post-consumer waste recycled fiber. This line of packaging board is engineered for superior printability and performance. 2025: Blockout Carrier
This secure wrap stock for the gift card industry is an engineered, multi-ply, fiber based, recyclable, alternative to plastic and is able to be sealed, glued, scored, folded, printed and personalized to each brand’s needs.
ACCOMPLISHMENTS
For more than two centuries, Monadnock has built momentum by evolving with purpose. In 2025, our achievements reflected the continued commitment of our people, the strength of our processes, and the values that have guided us since 1819. Each certification, award, and milestone represents meaningful progress as we advance our legacy of innovation and social responsibility.
SCA Pulp Supplier Award
Our leadership in forest stewardship and energy regeneration was recognized by SCA, an organization dedicated to sustainable practices and innovation within the pulp and paper industry.
EcoVadis Platinum Rating
For the second year in a row we have achieved a Platinum rating in the latest EcoVadis assessment, placing us among the top 1% of over 90,000 companies evaluated worldwide. This milestone continues to validates our focused efforts to strengthen key areas of our sustainability performance. It is a natural outcome of the systems, values, and accountability that guide our daily operations.
International Green Industry Hall of Fame Induction
The Green Industry Hall of Fame recognizes organizations and individuals for outstanding leadership and lasting contributions to environmental stewardship and sustainability. Monadnock was honored for its long-standing commitment to responsible manufacturing, innovation in sustainable fiber-based solutions, and continued efforts to reduce environmental impact through measurable, third-party verified performance.
HEALTH & SAFETY
Monadnock maintains a structured safety program designed to integrate health and safety practices into all areas of operation. Under the guidance of our Safety Committee, led by an appointed Health and Safety Manager, we maintain a comprehensive safety management program that includes:
- Scheduled audits, inspections, and Job Safety Analyses. to identify and address potential risks before they become issues
- Regular training sessions to reinforce understanding and consistency across all health and safety policies
- Thorough incident reporting and investigations to determine root causes and prevent future occurrences
- An Ergonomics Program to ensure that workspaces are designed with employee comfort and long-term well-being in mind
- Routine internal and external audits to assess the effectiveness of our safety practices and drive continuous improvement
This commitment to safety reflects our responsibility to protect the people who make our work possible. Monadnock has increased employee safety training contact hours for the year 2026.
EMPLOYEES LOGGED AN AVERAGE OF
HOURS OF SAFETY INSTRUCTION
See Appendix, Labor and Human Rights Metric Chart
SOCIAL RESPONSIBILITY
Monadnock’s connection to community is rooted in the belief that strong relationships create stronger places to live and work. Through long-standing partnerships, employee engagement, and local initiatives, we continue to support the communities where we operate and where our people call home.
Support for Inclusive Communities
We are committed to fostering a sense of belonging through partnerships that promote inclusion, dignity, and opportunity. Our long-standing relationship with Monadnock Worksource, a nonprofit supporting individuals with disabilities, provides meaningful employment opportunities in areas such as marketing assembly, mail sorting, and document shredding. These individuals are valued contributors to our extended team and to the overall strength of our operations.
This commitment extends beyond the workplace, with employees actively supporting fundraising efforts, participating in community events, and contributing personally to causes that strengthen and uplift those around us.
Community Engagement & Local Impact
Rooted in Bennington, New Hampshire, Monadnock remains closely connected to our local region and takes pride in supporting initiatives that enhance quality of life. Our employees lead and participate in a range of volunteer and outreach efforts that reflect a shared commitment to giving back, including Toys for Tots holiday drives, holiday food donations to address local food insecurity, and community suppers that bring neighbors together through shared meals and support.
We also support youth development through participation in local career fairs, helping students explore future opportunities in manufacturing and sustainability-focused careers. In addition, we engage in community health initiatives such as local health fairs, further reinforcing our commitment to wellbeing across the region.
Additional employee-led efforts include annual shoe drives to support those in need, ongoing contributions to local veterans through the VFW, and clothing donation programs in partnership with The Hillsboro Methodist Church. Together, these initiatives reflect a culture of care, connection, and sustained community involvement.
%
OF ALL BUYERS RECEIVED TRAINING ON SUSTAINABLE PROCUREMENT
See Appendix, Sustainable Procurement Metric Chart
LABOR RELATIONS & EMPLOYEE REPRESENTATION
Monadnock maintains a workplace grounded in respect, inclusion, and shared responsibility. Our labor practices reflect a long-standing belief that transparency and collaboration lead to more impactful outcomes for our people, operations, and community.
Unions
Monadnock recognizes and supports the rights of employees to organize, engage in collective bargaining, and participate in representative organizations without interference or retaliation. Union partnerships play a meaningful role in fostering open dialogue, strengthening workplace protections, and ensuring that every employee has a voice.
Labor Standards
Our policies reflect our deep respect for human rights and labor standards, including our commitment to preventing involuntary labor, human trafficking, and underage employment. All hiring practices are structured to be ethical, transparent, and compliant with national and international labor standards.
Employee Benefits
Monadnock offers a comprehensive benefits package that is reviewed annually to ensure it meets the evolving needs of our workforce. From health and wellness initiatives to flexible coverage options, our benefits promote a culture of safety, health, and personal wellness.
Empowering Our People
Monadnock maintains a zero-tolerance policy for harassment and discrimination and is committed to fostering a workplace where safety, equity, respect, and professionalism are upheld at every level of the organization. We hold ourselves to high standards in how we support and engage our employees, ensuring labor practices are regularly reviewed and aligned with our core values of integrity, responsibility, and compliance. This approach reinforces a consistent and accountable workplace culture across all areas of our operations.
BUSINESS CODE OF ETHICS
Our commitment to ethical business practices extends across every part of our operation. Through robust policies and oversight, we prioritize transparency and integrity to ensure our standards are reflected in the partners we work with and the systems we rely on every day.
Supply Chain Management
All new supplier relationships begin with a thoughtful and thorough review process. This includes due diligence and risk assessment focused on legal compliance, environmental impact, and social responsibility. Documentation such as codes of conduct, sustainability reports, and third-party verified certifications are evaluated, along with any in-progress certifications that have a clear timeline for completion.
Ongoing supplier performance is monitored through established review mechanisms to ensure continued alignment with Monadnock’s standards and values. This approach supports transparency, accountability, and a supply chain that reflects the integrity of our products and the expectations of our customers.
Information Security
Comprehensive, Modern Security Approach: We integrate advanced IT (Information Technology) and OT (Operational Technology) security through a layered, multi-faceted strategy.
Dedicated Cybersecurity Leadership: Our Cybersecurity Officer continuously monitors evolving threats and emerging technologies to ensure cutting-edge protection.
Proactive Security Management: We follow a structured program to research, implement, maintain, and routinely review all IT and OT security processes and systems.
Ongoing Security Enhancement: We are committed to continuously improving our security posture as an ongoing effort as a core part of our daily operations and including Cybersecurity training and testing for employees.
%
OF TARGETED SUPPLIERS ECOVADIS-RATED BY YEAR-END 2025
See Appendix, Sustainable Procurement Metric Chart
OUR CULTURE
At Monadnock, we believe that when our employees thrive, our business thrives as well. Monadnock invests in a wide range of employee-focused initiatives designed to promote well-being and professional development. Our people are the heart of our success, and we are committed to fostering a workplace where every employee feels valued, supported, and inspired to grow. At Monadnock, we provide a workplace where innovation, respect, and community spirit are woven into everything we do.
Wellness and Safety
Our Wellness Committee leads initiatives that promote healthy lifestyles and overall well-being, including our step challenge and water intake challenge to encourage consistent hydration. We host an annual Health Fair, which provides resources and screenings to support physical and mental health. Our Safety Committee ensures that our work environment remains safe, proactive, and OSHA-compliant, reinforcing our commitment to the health and security of every team member.
Learning and Growth
We support lifelong learning through our tuition reimbursement program, empowering employees to pursue ongoing education and skill development. Whether it’s advancing in their current role or exploring new opportunities, we believe in unlocking the full potential of our workforce.
Recognition and Appreciation
We celebrate the dedication and loyalty of our employees through our Years of Service Recognition Program, which honors team members every five years for their contributions. These milestones reflect the deep sense of pride and purpose that defines life at Monadnock.
Community and Collaboration
Our culture is also shaped by employee-led initiatives like our Green Team and Community Action Teams, which champion sustainability and social responsibility. From organizing recycling programs to volunteering at local events, these teams embody our shared commitment to building a better world together.
PROGRESS
In 2025, Monadnock’s progress reflects the same disciplined focus and purposeful execution that continue to define our long-term direction. Built on intentional investment and a commitment to what matters most, this year’s outcomes demonstrate steady advancement across sustainability, operational performance, and product innovation, reinforcing the themes of continuity, adaptability, and responsible growth highlighted throughout this report.
We continued to expand our portfolio of fiber-based solutions designed to replace plastic, including TÜV-certified Compostable Card, Harvest, and Blockout Carrier, each helping customers reduce environmental impact without compromising performance. Alongside improvements in recycling programs and targeted resource efficiency initiatives, these advancements reflect how we operate—grounded in responsibility, strengthened through continuous improvement, and guided by a clear commitment to sustainability.
As we close this year’s reflection, these results sit firmly within the broader story of Monadnock’s continuity and evolution. Our momentum is built not on individual milestones, but on the consistency of our actions
over time while strengthening capabilities, deepening customer partnerships, and advancing solutions that support a more sustainable future. Looking ahead, we remain focused on refining our processes, investing in our people, and delivering fiber-based innovation that carries forward our legacy while meeting the needs of a changing world.
MPM SASB PULP & PAPER PRODUCTS SUSTAINABILITY DISCLOSURE TOPICS & METRICS
CORPORATE RESPONSIBILITY REPORT DATA
Monadnock has adhered to the AA1000AS v3 2020 standard and prepared this report to support a Type 2 Moderate level of assurance for reliable and quality performance data for the year ending 31 December 2024. The assurance statement can be viewed here: AA1000AS v3 Assurance Statement
MADE WITH THE ENVIRONMENT IN MIND
