MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag 2020 IR
The report outlines MOL Group's financial and sustainability performance for the fiscal year 2020, highlighting its resilience during the COVID-19 pandemic. Despite a decline in earnings, the company maintained positive free cash flow across all business segments and successfully closed the acquisition of non-operated E&P interests in Azerbaijan's ACG oil field and BTC pipeline. MOL Group also updated its long-term strategy to "MOL 2030+," accelerating its transition towards a low-carbon circular economy with targets to reduce Downstream emissions by 20% and achieve carbon neutrality in Upstream and Consumer Services by 2030. Additionally, the company expanded its circular economy initiatives, including the commissioning of a rubber bitumen plant in Hungary.
Company: MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag
Sector: Mining & quarrying
Country: Hungary
Year: 2020
Type: IR
Pages: 139
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MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag
Integrated Annual Report
The report outlines MOL Group's financial and sustainability performance for the fiscal year 2020, highlighting its resilience during the COVID-19 pandemic. Despite a decline in earnings, the company maintained positive free cash flow across all business segments and successfully closed the acquisition of non-operated E&P interests in Azerbaijan's ACG oil field and BTC pipeline. MOL Group also updated its long-term strategy to "MOL 2030+," accelerating its transition towards a low-carbon circular economy with targets to reduce Downstream emissions by 20% and achieve carbon neutrality in Upstream and Consumer Services by 2030. Additionally, the company expanded its circular economy initiatives, including the commissioning of a rubber bitumen plant in Hungary.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Total Waste
Women in Management
Workplace Fatalities
Net Zero Target
Employees