Environment

MMD reports against selected environmental targets set at TPV Technology Group level, including energy management, emissions reduction and waste-related actions. Our environmental management focuses on operational energy efficiency, emissions targets approved under SBTi, waste management and WEEE compliance, supported by energy-management systems, waste controls and material-efficiency initiatives at production level. These efforts are aligned with TPV Group targets, SBTi-approved reduction targets and applicable EU environmental regulations.

Science-Based Targets
In September 2022, TPV Technology’s greenhouse gas (GHG) reduction targets were approved by the Science Based Targets initiative (SBTi). These include commitments to:

• Reduce absolute Scope 1 and 2 emissions by 42% by 2030, from a 2020 base year
• Reduce absolute Scope 3 emissions from the use of sold products by 42% by 2030

These targets are designed to support alignment with the Paris Agreement goal to limit global temperature rise.

Carbon and Energy Management
Carbon and energy performance is managed at the Group level. Efforts focus on energy efficiency, increasing the share of renewable electricity, and improving overall energy management systems across TPV’s global sites. Several manufacturing sites are also certified under ISO 50001 for energy management.

Environmental Certifications and Audits
All production sites that manufacture for MMD are certified under ISO 14001, the international standard for environmental management. Regular audits are conducted to ensure environmental performance and compliance.

Waste Management and WEEE Compliance
Waste management is coordinated at the level of TPV Technology, the manufacturing parent company of MMD. TPV complies with the Waste Electrical and Electronic Equipment Directive II (WEEE II) and relevant local regulations in all operating regions. The company prioritizes product recyclability, reuse, and extended producer responsibility to reduce the environmental impact of e-waste.

In parallel, TPV has implemented structured waste management systems across its manufacturing bases, including procedures for hazardous waste, solid waste classification, and harmful substance control. A new Group-wide target has been set to reduce the total volume of general production waste by 7.5% by 2030, compared to 2021 levels. To support this, TPV invests in material efficiency, recycling projects, and employee awareness programs to drive waste reduction from production to disposal.