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 improve the group's corporate value and contribute to realizing a sustainable society by moving forward with these initiatives.
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.
Two years have passed since the first Sustainability Issues were identified, and in 2021 we reviewed them 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.
Safety & Value
Provide added value through safe transportation and our social infrastructure business
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 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 the three-year plan for 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 aims to promote sustainability and prosperity in people's everyday lives and in industries around the world, by transporting energy, commodities, and finished products safely, reliably, and cost-effectively. The MOL Group continuously aims to expand its social infrastructure business, centered primarily on marine transport.
Initiative Focus | Targets | KPIs | Fiscal 2023-2025 Action Plans | ||||||||||||||||
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Value through Our Core Business |
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Safety Levels |
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Creation of New Added Value |
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MOL aims to minimize the negative impacts of its business activities (marine environmental pollution, air pollution, reduction of biodiversity, climate change, etc.) and to ensure a sustainable world for everyone.
Initiative Focus | Targets | KPIs | Fiscal 2023-2025 Action Plans |
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Climate Change Countermeasures |
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Preservation of Marine Environments |
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*Planning to set KPIs based on international guidelines, etc. |
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Protection of Biodiversity | |||
Prevention of Air Pollution |
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MOL aims to achieve successful coexistence among everyone involved in the MOL Group businesses and the sustainable growth and development of communities through its activities as a corporate group that respects diverse personalities and that can maximize the capabilities of every employee.
Initiative Focus | Targets | KPIs | Fiscal 2023-2025 Action Plans |
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Diversity, Equity & Inclusion |
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Mutually Empowered |
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Highly Engaged |
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Growing Together with Local Communities |
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MOL aims to enhance its business through advanced technologies using clean energy and ICT, and to help address various social issues. This will also help the Group provide added value through safe transportation and our social infrastructure businesses and achieve its goal of conservation for marine and global environment.
Initiative Focus | Targets | KPIs | Fiscal 2023-2025 Action Plans |
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Groupwide Adoption of Clean Energy |
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Increasing the Energy Efficiency of Vessels |
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ICT Utilization for Safe, Efficient Operation |
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DX(Digital Transformation) |
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Through enhancement of corporate governance and thorough compliance, MOL aims to ensure transparency in Group wide management, build foundations for its initiatives on social issues through business activities, and establish sustainable value chains based on consideration for human rights, safety, and the environment.
Initiative Focus | Targets | KPIs | Fiscal 2023-2025 Action Plans |
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Management Transparency |
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Information Security | Numerical Targets
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Responsible Procurement |
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Respect for Human Rights | |||
Fair Trade | Numerical Targets
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Bribery Prevention |