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Sustainability Management

MOL Group Sustainability Management

MOL Group Sustainability Management is based on a long-term strategy and aims to achieve sustainable growth for society and the group.
In the Group Vision for 2035, we state our intent to "take a leap toward becoming a global social infrastructure company," and we engage in the "BLUE ACTION 2035" group management plan to realize this vision. We are committed to the "BLUE ACTION 2035" in the spirit of the MOL Group Corporate Mission and its values: "MOL CHARTS," and strive to maximize the value we provide to all stakeholders by addressing "Sustainability Issues" (Materiality).

The "BLUE ACTION 2035" plan merges elements of both the management plan and the "MOL Sustainability Plan," which we have pursued as two wheels, more powerfully expressing our commitment to sustainability management.
In addition to the three core strategies (portfolio, regional, and environment), we have positioned "environment," "safety," "human capital," "digital transformation (DX)," and "governance" as the five most important items in our initiatives to address sustainability issues.

Sustainability Management System

The MOL Group has established a management system with the President & CEO responsible for pursuing sustainability management on a group-wide scale. Key sustainability management issues are mainly discussed by specific committees (Sustainability Committee, BLUE ACTION Committee, Investment Strategy Committee, Safety Enhancement Committee, HC Action Committee, and Compliance Committee), which are subordinate to the Executive Committee. The Board of Directors oversees all sustainability-related initiatives. Particularly important policies, strategies, and other matters are decided after deliberation by the Executive Committee and each committee, followed by a resolution by the Board of Directors.

Sustainability Committee

This is a cross-functional organization that meets about once a month to deliberate on the group's sustainability strategy (identification and review of materiality, formulation of sustainability plans, confirmation of progress, and so on) and other initiatives such as the environment, human rights, value chain management, and social contribution activities.

Sustainability Discussions

Apart from general resolutions and reports, the Board of Directors will also discuss sustainability. This is intended to strengthen the board's involvement in reviewing sustainability management policies and strategies.

Advisory Board

We believe it is important to respond appropriately to changes in global situations, social values, and technology, and to strategically optimize the balance of our business portfolio. Therefore, we have established an Advisory Board consisting of outside experts under the President & CEO, with the objective of obtaining opinions on prioritized areas from the perspective of updating and enhancing our management strategies and risk management.

Advisory Board in FY2024[125KB]

Sustainability Issues (Materiality)

The MOL Group identifies "Sustainability Issues" (Materiality) as our key issues for sustainable growth with society through realization of the Group Vision.
Based on enhancement of "Governance," which is foundation of MOL Group management, the group addresses issues of "Safety & Value" and "Environment," while "Innovation" and "Human & Community" are closely inter-related. We strive to enhance the group's corporate value and contribute to realizing a sustainable society by moving forward with these initiatives.

Conceptual Diagram of
Sustainability Issue
Five
Sustainability Issues

Identification process

In 2019, we formed the Sustainability Promotion Project Team to identify Sustainability Issues for the first time. This is an internal team with a cross-divisional membership that formulates our positions on social issues after studying both negative and positive social impacts of our business activities. Based on two axes of the importance to stakeholders and the importance to the MOL Group, we combine them under five topics.
When identifying Sustainability Issues (materiality), we are aware of two aspects (double materiality) of the impact of our group on the environment and society, as well as the impact of the environment and society on our group.

STEP 1
Review candidate Sustainability Issues
STEP 2
Examine risks (negative impact) and opportunities (positive impact) in value chains
STEP 3
Evaluate importance from two axes of stakeholders and the MOL Group
STEP 4
Identify Sustainability Issues

Periodic review

Every year, we confirm whether it is necessary to revise Sustainability Issues in light of changes in the external environment surrounding our business and in the management policies.
In FY2021, we reviewed Sustainability Issues while referring to the opinion of external stakeholders (external experts, investors, NGOs, etc.), considering the changes in the business environment around the MOL Group, in addition to changes in the social environment, such as climate change, human rights issues (this review was approved by the Board of Directors in September 2021.)

Before review
Value-added transport services
After review

Safety & Value

Provide added value through safe transportation and our social infrastructure business

  • Specify attitude towards initiatives on "safety"
  • Expand the scope to cover not only shipping, but also social infrastructure businesses such as offshore businesses.
Before review
Human resource cultivation and community development
After review

Human & Community

Contributing to the growth and development of people and communities

Change the intent to aim for success and co-existence not only among MOL Group executives and employees, but also among everyone involved in MOL Group businesses.

In FY 2022 and FY 2023, we reviewed some Initiative Focuses of Sustainability Issues, based on the formulation and updating of various strategies for the environment, human capital, and DX in the management plan "BLUE ACTION 2035."

MOL Sustainability Plan

In order to accelerate its efforts to resolve Sustainability Issues, we have set goals, KPIs, and action plans for each of these issues, and formulated the MOL Sustainability Plan. This plan was approved by the Board of Directors in March 2022.
From FY2023, we reviewed the positioning of the "MOL Sustainability Plan" in the establishment of the "BLUE ACTION 2035" management plan and incorporated it as part of the "BLUE ACTION 2035" as an action plan to realize the Group Vision by resolving Sustainability Issues, thus further integrating the Sustainability Plan with the management plan. Accordingly, we made a partial revision of initiative focus, targets and KPIs, and changed the Action Plans to correspond with the content of Phase 1 (FY2023 to FY2025) in line with the management plan.
Through the steady implementation of MOL Sustainability Plan, we will strengthen our efforts to resolve Sustainability Issues, measure the effectiveness of our efforts, and implement appropriate improvement activities.

MOL Sustainability Plan detail[391KB]

MOL Sustainability Plan FY2023 Results[725KB]