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
|
Russia1
|
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
Syktyvkar1
|
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.