Grupa LOTOS SA took eighth place overall in the 7th Responsible Companies Ranking, and second in the industry ranking (Fuel, Energy, Mining). Previous editions of the RCR have included over 150 companies operating on the Polish market.
CSR
Grupa LOTOS SA took eighth place overall in the 7th Responsible Companies Ranking, and second in the industry ranking (Fuel, Energy, Mining). Previous editions of the RCR have included over 150 companies operating on the Polish market.
"We are pleased with the results. They are an indication that the direction LOTOS is taking under its CSR policy is developing as expected,” said Jowita Twardowska, Communication & CSR Director. “All decisions made by the company are analysed in terms of their direct financial effects, as well as social and environmental impact. Such a comprehensive approach to management of the organisation allows us to run our operations more effectively, not only in the short term, but also in the long run too.”
Responsible Companies Ranking 2013
- GlaxoSmithKline Pharmaceuticals SA, GK
- Kompania Piwowarska SA
- Nutricia
- Danone Sp. z o.o.
- PKN Orlen SA
- Schenker Sp. z o.o.
- Tesco Polska Sp. z o.o.
- Grupa LOTOS S.A.
- Orange Polska (formerly TP SA)
- Toyota Motor Manufacturing Poland sp. z o.o.
Last year, Grupa LOTOS SA came in 15th place in the General rankings, and 3rd in the Industry rankings.
The Responsible Companies Ranking 2013 draws on a comprehensive list of the largest companies in Poland, assessing them for the quality of their Corporate Social Responsibility management. The Ranking allows comparison of results in different areas of CSR between companies, and is a valuable instrument in facilitating the development of new CSR strategies.
The authors of the ranking are Dr. Bolesław Rok of the Business Ethics Centre of the Akademia Leona Koźminskiego (Kozminski University), and Jaroslaw Horodecki from the Dziennik Gazeta Prawnej daily, while PwC is responsible for checking and verification. Patronage of the ranking is held by the Responsible Business Forum, and the results are published in the Dziennik Gazeta Prawnej.
The results of the 7th Responsible Companies Ranking were announced at a gala event, held on April 23rd at the Legia Warsaw football stadium. The event included a panel discussion entitled ‘Non-financial reporting. Opportunities and Barriers’, led by Dr. Bolesław Rok of the Business Ethics Centre of the Kozminski University in Warsaw.
LOTOS is vertically integrated oil entity focused on crude oil exploration and production, petroleum processing as well as commodities sales. The company is second largest entity in Poland (in terms of net sales revenues). It holds 34,1% stake in domestic wholesale fuel market. Moreover LOTOS leads in motor oil sales in Poland. Since June the 9th 2005 Grupa LOTOS S.A. is listed on Warsaw Stock Exchange. LOTOS throughout its business units located all over Europe (Poland, Norway, Lithuania) employs over 5000 people.
LOTOS operates state-of-the-art refinery (located in Gdańsk), holding a suitable connection to “Druzhba” pipeline and Naftoport - Baltic Sea terminal network. In 2011, using hi-tech solutions e.g. Best Available Techniques (BAT), LOTOS finished comprehensive upgrade investment project (Programme 10+), which main goal was to boost refining capacity to 10.5 mtpa. Programme 10+ fruition was estimated on 1,5 billion Euro. Due to Programme 10+ LOTOS is able to enhance Polish, NW Europe and CEE energy security policy, especially in the range of stable fuel supplies.
On the upstream side LOTOS is present on the Baltic Sea, Norwegian Continental Shelf and onshore in Lithuania. In 2015 LOTOS plans to produce 1,2 mtpa of crude oil, coming form company’s own fields.
LOTOS actively supports alternative sources of energy development, especially throughout its biofuels production unit, located in Silesia region as well as relevant international safety environment conferences promotion and arrangement. Apparently company carries out numerous up to date research projects concerning environmental issues, i.a. CO2 sequestration in empty oil fields in the Baltic Sea within Polish top technical universities staff support.
All abovementioned key goals derived directly from company’s corporate strategy regarding years 2011-2015, which constitutes of pursuing innovative growth in the areas of crude exploration and production, petroleum processing as well as sales and trading of products meeting the most stringent quality standards, in a manner that is environmentally friendly, compliant with the energy security policy, guarantees full satisfaction of customers and ensures the ongoing development of employees and shareholders interest.
