Annual Report 2015

ECONOMIC, SOCIAL AND
ENVIROMENTAL PERFORMANCE

Annual
Report 2015

ECONOMIC, SOCIAL AND
ENVIROMENTAL PERFORMANCE

1. CLIMATE CHANGE

General aim: Manage risks and opportunities related to climate change

ACHIEVEMENTS:

  • Energy efficiency projects, mainly in downstream operations, contributed significantly to avoiding CO2 emissions, 49 thousand tonnes CO2 saved compared to 2014
  • An additional 212 thousand tonnes of CO2 emissions avoided through EOR project in INA
  • MOL Group joined the Zero Routine Flaring Initiative of the World Bank, and also recorded a slight decrease in flaring in E&P
  • Jászberény Geothermal Exploration long-term testing preparations executed and on track
  • We have mapped cellulosic feedstock and conversion technologies for non-edible materials to assess the potential for non-foodbased renewable fuel production

CHALLENGES:

  • Develop pathways to low-carbon energy carriers within MOL Group
  • Increase the share of low-carbon energy carriers in conventional fossil products

Climate change is a major issue and is impacting the business environment of MOL Group. From a long-term perspective, it involves risks which must be prepared for or mitigated, and opportunities from which MOL can benefit.