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Regulatory Report on Payments to Governments in respect of Logging Industries for the Year 2016
Mondi Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1967/013038/06)
JSE share code: MND ISIN: ZAE000156550
Mondi plc
(Incorporated in England and Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI
13 June 2017
As part of the dual listed company structure, Mondi Limited
and Mondi plc (together “Mondi Group” or “Mondi”) notify both
the JSE Limited and the London Stock Exchange of matters
required to be disclosed under the Listings Requirements of
the JSE Limited and/or the Disclosure Guidance and
Transparency Rules and/or the Listing Rules of the United
Kingdom Listing Authority. To comply with the requirements in
Articles 7 and 9 of the regulatory technical standards of the
Transparency Directive (2004/109/EC), this announcement falls
within the ‘Payments to governments’ classification.
Regulatory Report on Payments to Governments in respect of
Logging Industries for the Year 2016
The report of payments to governments made by Mondi plc and
its subsidiary undertakings for the year ended 31 December
2016 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.
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 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 naturally
regenerated with supplementary plantings of spruce and pine
where required to make up full populations of young trees for
the next sustainable forest cycle. During logging operations
protected areas, High Conservation Areas (HCV) areas and
sensitive biotopes, comprising approximately 25% of the area,
are naturally 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 2016 which can be found at
www.mondigroup.com/sd16 and our sustainable forestry policy,
one of our issue specific SD policies at
https://www.mondigroup.com/en/sustainability/governance-of-
sustainability.
Government Report
Country Production Taxes Royalties
entitlement
Russia Nil €144,000 Nil
Dividends Bonuses Licence Infrastructure Total
fees, etc improvements
Nil Nil €925,000 Nil €1,069,000
Projects Report
Entity Production Taxes Royalties
entitlement
OJSC Nil €144,000 Nil
Mondi
Syktyvkar
Dividends Bonuses Licence Infrastructure Total
fees, etc improvements
Nil Nil €925,000 Nil €1,069,000
The report has been submitted to the National Storage
Mechanism and will shortly be available for inspection at:
http://www.morningstar.co.uk/uk/NSM.
Contact:
Mondi Group
Lora Rossler
Group Head of Communications
Tel: +27 (0)31 451 2111 or +27 (0)83 627 0292
E-mail: lora.rossler@mondigroup.co.za
We are Mondi: In touch every day
Mondi is an international packaging and paper Group, employing
around 25,000 people across more than 30 countries. Our key
operations are located in central Europe, Russia, North
America and South Africa. In 2016, Mondi had revenues of €6.7
billion and a return on capital employed of 20.3%.
We are fully integrated across the packaging and paper value
chain - from managing forests and producing pulp, paper and
compound plastics, to developing effective and innovative
industrial and consumer packaging solutions. With over 100
products customised into more than 100,000 solutions, we offer
more than you may expect. Leading brands around the world rely
on our innovative technologies and products across a variety
of industries such as agriculture; automotive; building and
construction; chemicals and dangerous goods; food and
beverages; graphic and photographic; home and personal care;
medical and pharmaceutical; office and professional printing;
packaging and paper converting; pet care; retail and e-
commerce; and shipping and transport.
We believe sustainable development makes good business sense.
It's integral to our responsible and profitable growth, and
embedded in everything we do, every day. We continue to look
for ways to do more with less, promote the responsible
management of ecosystems, develop and inspire our people, and
enhance the value that our sustainable product solutions
create.
Mondi has a dual listed company structure, with a primary
listing on the JSE Limited for Mondi Limited under the ticker
code MND and a premium listing on the London Stock Exchange
for Mondi plc, under the ticker code MNDI. We have been
included in the FTSE4Good Index Series since 2008 and the
JSE's Socially Responsible Investment (SRI) Index since 2007.
Sponsor in South Africa: UBS South Africa (Pty) Ltd
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