- MOL Group is recognised for its environmental, social and governance performance
- MOL Group is in the best in class “AA” category
- MSCI Global Sustainability Index covers more than 5000 publicly traded companies worldwide with 335 constituents of the emerging markets from all sectors.
Budapest, Hungary – 7th October, 2014 – MOL Group proudly announces to be a member of MSCI ESG (environmental, social and governance performance) Emerging Market Index, which a subcategory of the Global Sustainability Index, as a recognition of its outstanding corporate sustainability performance. The earned “AA” rating places the company among the leading companies in the emerging markets.
MOL Group is confident that corporate sustainability and long term profitability are complementary and operates governance and management systems to increase its ESG performance and ratings for more than a decade. The internationally acknowledged MSCI Sustainability Index is recognition of the company’s aspiration to operate in a responsible way. MOL Group’s “AA” rating expresses the company’s high engagement in ESG compared to sector peers.
József Simola, MOL Group Chief Financial Officer commented: “We are aware about the growing importance of sustainability criteria for certain investor communities and this recognition is an important feedback that we are on the right track and we will continue our programs to ensure long-term sustainability of our business.”
MSCI highlighted MOL Group’s strong rating is a function of the company’s carbon management practices, and its industry leading approach to avoiding accidents, spills and releases. Moreover, its management practices, such as emissions reductions targets and its outstanding performance figures in areas such as toxic emissions intensity and occupational safety sets the Company above the majority of its industry peers.
About MOL Group
MOL Group is an integrated, independent, international oil and gas company, headquartered in Budapest, Hungary. It has operations in over 40 countries and employs almost 29,000 people worldwide. MOL’s exploration and production activities are supported by more than 75 years’ experience in the hydrocarbon field. At the moment, there are production activities in 8 countries and exploration assets in 12 countries. The Group operates four refineries and two petrochemicals plants, under integrated supply chain management, in Hungary, Slovakia and Croatia. MOL Group also owns a network of over 1,700 service stations across 11 countries in Central & South Eastern Europe.
About MSCI ESG Research
MSCI ESG Research is a leading provider of ESG ratings and analysis to the global investment community, covering more than 5,000 publicly traded companies worldwide. MSCI ESG Research represents over 125 Asset Owners with more than USD $4.4 trillion in assets under management, and has over 650 clients with USD 15 trillion in assets globally. MSCI emerging markets consists of large and mid-capitalized companies across 23 emerging market countries.