DOCUMENTS FOR THE ANNUAL GENERAL MEETING

MOL Plc. Annual General Meeting 2013 Documents
In the field of environmental protection, air emission abatement is an
important area of focus for us. Since the industry is considered to be
the largest source of emissions of volatile organic compounds (VOCs),
MOL Group has taken serious steps towards limiting these types of
emission. In 2012, MOL Group continued its LDAR (leak detection and
repair) Program to reduce VOC emissions. This program has
produced important results for several years at our Slovnaft and IES
refineries and in 2012 it was extended to our Hungarian operations.
As a result, measured VOC emissions decreased by 8% compared
with 2011.
Meeting our work safety
target
Focus on ethics and
compliance
MOL Group closed a successful year from the lost time injury
frequency point of view and we fulfilled the 1.0 LTIF target (INA and
its subsidiaries excluded). This performance was significantly better
than the CONCAWE (downstream benchmark) average, but it does
not reach the OGP (upstream benchmark) average. Despite this
positive LTIF result, we are not satisfied with our achievements: 1
employee fatality at INA Group and 3 contractor fatalities highlighted
that we should make further efforts to prevent any harm related to
our operations.
Process safety remained a priority and we therefore extended the
implementation of our management system to further operations. In
the refining sector, a new process safety performance indicator was
introduced in 2012 to monitor the number and seriousness of
process safety incidents.
Ethics continues to be a cornerstone of our non-financial
performance. Our Code of Ethics is now available in 11 languages and
from 2012 onwards we have 24 ethics officers and managers are
obliged to train their colleagues on the code of ethics, personally.
As part of its commitment to ethics, MOL Group is dedicated to fair
market behaviour; its activities in the marketplace must be
conducted in accordance with the norms of fair competition and the
spirit and letter of applicable competition laws. In 2012, the
Compliance Team focused on effective risk assessment through
market analyses. The Team highlighted the need to ensure regulatory
compliance through training sessions. In 2012, in MOL Group, more
than 270 employees participated in compliance presentations and
more than 380 employees passed through e-learning training and an
exam.
Hiring talented young
people and experienced
professionals
To support the on-going internationalisation of MOL Group, the
International Mobility Management team was restructured and a
new International Assignment platform was established. Key pillars of
the new platform are the home-based employment payroll and home
tax equalisation methodology, the new, simplified approval matrix
and the international assignment plan based on compensation using
balance sheet methodology. These pillars all serve the goal of
ensuring fair and standard compensation for employees assigned
away from home, based on up-to-date market data in terms of
compensation elements.
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