REG-Mondi Plc: Report on Payments to Governments

MondiAnnouncement

10/06/2024 12:30

Mondi plc

Incorporated in England and Wales

Registered number: 6209386

LEI: 213800LOZA69QFDC9N34

LSE share code: MNDI   ISIN: GB00BMWC6P49

JSE share code: MNP

 

 

10 June 2024

 

Regulatory Report on Payments to Governments in respect of Logging Industries
for the Year 2023

 

This report of payments to governments is made by Mondi plc and its subsidiary
undertakings (`Mondi') for the year ended 31 December 2023 as required by
companies in the extractive and logging industries of their payments to
governments in countries in which they operate.

The report is prepared in compliance with the UK's Report on Payments to
Governments Regulations 2014 (as amended in December 2015) (the `Regulation')
and in accordance with DTR 4.3A of the Disclosure Guidance and Transparency
Rules of the UK Financial Conduct Authority.

To read details of Mondi's payments to governments go to
www.mondigroup.com/investors/corporate-governance/regulatory-reports/

 

 

Basis of preparation

 

The application of the Regulation for Mondi relates to 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 the Syktyvkar logging operations in Komi fall within the
above definition of primary forests. Mondi is required to report for the
period during 2023 until the sale of Syktyvkar was completed on 4 October. Our
operations in South Africa comprise plantation forests that are not associated
with any primary forests and therefore are excluded from the report.

 

 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.

 

Report

 Government Report                                                                                                                                     
 Country                Production entitlement  Taxes       Royalties  Dividends  Bonuses  Licence fees, etc  Infrastructure improvements  Total       
 Russia 1               Nil                     -€66,073    Nil        Nil        Nil      €355,187           Nil                          €289,114    
 Projects Report                                                                                                                                       
 Entity                 Production entitlement  Taxes       Royalties  Dividends  Bonuses  Licence fees, etc  Infrastructure improvements  Total       
 JSC Mondi Syktyvkar 1  Nil                     -€66,073    Nil        Nil        Nil      €355,187           Nil                          €289,114    

 

 

 

 

 

 

 

 

 

 

 

 

 1 This covers the period up to 4 October 2023, being the date on which the
sale of Syktyvkar was completed. Prior to this, the Group's operations in
Russia, including Syktyvkar, had been classified as discontinued operations
and reported as held for sale.

 

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

 

Fiona Lawrence       +44 742 587 8683

Group Head of Investor Relations

 

Kerry Cooper       +44 788 145 5806

Mondi Group Communication Director

 

 

 

About Mondi

Mondi is a global leader in packaging and paper, contributing to a better
world by producing products that are sustainable by design. We employ 22,000
people in more than 30 countries and operate an integrated business with
expertise spanning the entire value chain, enabling us to offer our customers
a broad range of innovative solutions for consumer and industrial end-use
applications. Sustainability is at the centre of our strategy, with our
ambitious commitments to 2030 focused on circular driven solutions, created by
empowered people, taking action on climate.

In 2023, Mondi had revenues of €7.3 billion and underlying EBITDA of €1.2
billion. Mondi has a premium listing on the London Stock Exchange (MNDI),
where the Group is a FTSE100 constituent, and also has a secondary listing on
the JSE Limited (MNP).

mondigroup.com

Sponsor in South Africa: Merrill Lynch South Africa Proprietary Limited t/a
BofA Securities.

 



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