To view the PDF file, sign up for a MySharenet subscription.

MONDI PLC - Regulatory Report on Payments to Governments in respect of Logging Industries for the Year 2019

Release Date: 18/06/2020 14:45
Code(s): MNP     PDF:  
 
Wrap Text
Regulatory Report on Payments to Governments in respect of Logging Industries for the Year 2019

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      Taxes          Royalties   Dividends   Bonuses     Licence        Infrastructure   Total
           entitlement                                                        fees, etc      improvements
Russia     Nil             -€142,465      Nil         Nil         Nil         €768,365       Nil              €625,900

Projects Report
Entity      Production     Taxes          Royalties   Dividends   Bonuses     Licence        Infrastructure   Total
            entitlement                                                       fees, etc      improvements
JSC         Nil            -€142,465      Nil         Nil         Nil         €768,365       Nil              €625,900
Mondi
Syktyvkar

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.

Date: 18-06-2020 02:45:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story