Last checked at 18 Jun 2020 13:45
MONDI PLC - Report on Payments to GovernmentsMONDI PLC - Report on Payments to Governments
PR Newswire
London, June 18
Mondi plcIncorporated in England and WalesRegistered number: 6209386LEI: 213800LOZA69QFDC9N34LSE share code: MNDI ISIN: GB00B1CRLC47JSE 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 GroupKerry CooperGroup 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.