Mondi plc
Incorporated in England and
Wales
Registered number: 6209386
LEI: 213800LOZA69QFDC9N34
LSE share code: MNDI
ISIN: GB00B1CRLC47
JSE share code: MNP
18 June 2020
Regulatory Report on Payments to
Governments in respect of Logging Industries for the Year 2019
The report of payments to governments made by Mondi plc and its
subsidiary undertakings for the year ended 31 December 2019 has been published in accordance
with the UK’s Reports on Payments to Governments Regulations 2014
(as amended in December 2015). This
regulation implements the two EU Directives in the UK, mandating
annual reports by companies in the extractives and logging
industries of their payments to governments in countries in which
they operate.
To read details of Mondi’s payments to governments go to
www.mondigroup.com/en/corporate-governance/regulatory-reports
Basis of preparation
The application of the Regulation for Mondi relates to our
logging activities and specifically to the disclosure of payments
to governments relating to the logging of primary forests.
We have used the Food and Agriculture Organisation of the United
Nations definition of ‘primary forest’ being:
‘Naturally regenerated forest of native tree species, where
there are no clearly visible indications of human activities and
the ecological processes are not significantly disturbed’.
Also, for the purposes of this report, the original ‘IFL 2000’
(Greenpeace, World Resources Institute (WRI) and Transparent World)
inventory of intact forests has been used as the base for reporting
on the harvesting of primary forests in the Komi Republic,
Russia (‘Komi’).
Only a portion of our Syktyvkar logging operations in Komi fall
within the above definition of primary forests. Our operations in
South Africa comprise plantation
forests that are not associated with any primary forests and
therefore are excluded from the report.
Our logging operations in Komi do not result in deforestation.
In terms of the Russian Forestry Code and Mondi’s sustainable
development policies all logged areas are regenerated, either
naturally or via planting where required, including tending and
protection of the young forest stands for the next sustainable
forest cycle. During logging operations protected areas, High
Conservation Value (HCV) areas and sensitive
biotopes, comprising approximately 24% of the area, are set
aside for conservation.
Exchange rate
Payments made in currencies other than the euro (Mondi Group’s
reporting currency) are translated for this report using the
average exchange rate during the financial year to which it
relates.
Further information
For further information regarding the Mondi Group’s approach to
sustainably managing our forests, please refer to our Sustainable
development report 2019 which can be found at
www.mondigroup.com/sd19 and our sustainable forestry policy, one of
our issue specific SD policies at
www.mondigroup.com/en/sustainability/governance-of-sustainability.
Report
Government
Report |
Country |
Production
entitlement |
Taxes |
Royalties |
Dividends |
Bonuses |
Licence fees, etc |
Infrastructure
improvements |
Total |
Russia |
Nil |
-€142,465 |
Nil |
Nil |
Nil |
€768,365 |
Nil |
€625,900 |
Projects
Report |
Entity |
Production
entitlement |
Taxes |
Royalties |
Dividends |
Bonuses |
Licence fees, etc |
Infrastructure
improvements |
Total |
JSC Mondi
Syktyvkar |
Nil |
-€142,465 |
Nil |
Nil |
Nil |
€768,365 |
Nil |
€625,900 |
The report has been submitted to the National Storage Mechanism
and will shortly be available for inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
Contact:
Mondi Group
Kerry Cooper
Group Head of External Communications
+44 1932 826323
About Mondi
Mondi is a global leader in packaging and
paper, contributing to a better world by making innovative,
packaging and paper solutions that are sustainable by design. Our
business is fully integrated across the value chain – from managing
forests and producing pulp, paper and plastic films, to developing
and manufacturing effective industrial and consumer packaging
solutions. Sustainability is at the centre of our strategy and
intrinsic in the way we do business. We lead the industry with our
customer- centric approach, EcoSolutions, where we ask the right
questions to find the most sustainable solution. In 2019, Mondi had
revenues of €7.27 billion and underlying EBITDA of €1.66
billion.
Mondi has a premium listing on the London Stock Exchange (MNDI),
and a secondary listing on the JSE Limited (MNP). Mondi is a FTSE
100 constituent, and has been included in the FTSE4Good Index
Series since 2008 and the FTSE/JSE Responsible Investment Index
Series since 2007.
Sponsor in South Africa: UBS
South Africa Proprietary Limited.