Ernst & Young Advisory Ltd was commissioned to provide limited assurance over sustainability performance data relating to 2011 contained within the ‘Sustainability Performance’ chapter of MOL Group’s Annual Report 2011 (the Sustainability Report). The management of MOL Group (MOL) have prepared the Sustainability Report and are responsible for the collection and presentation of the information within it. Our responsibility in performing our work is to MOL management only, in accordance with the scope of work agreed with them. We do not, therefore, accept or assume any responsibility for any other purpose or to any other person or organisation. Any reliance any such third party may place on this independent assurance statement is entirely at its own risk.
WHAT DID WE DO TO FORM OUR CONCLUSIONS?
- Whether all material data sources have been included and that boundary definitions have been appropriately interpreted and applied.
- Whether the corporate level guidance and tools provided to reporting units have provided a basis for consistent reporting of sustainability data across the reporting units.
- Whether there is supporting information for the sustainability data reported by sites to corporate level.
- Whether corporate level quality reviews have been completed and outstanding issues resolved or reported.
- Whether data have been accurately transposed from corporate level systems to the Sustainability Report and assumptions and limitations to the data have been correctly reported.
- Whether the Sustainability Report meets the requirements of the A+ application level of the GRI G3 Guidelines
- Interviewed specialists responsible for managing, collating, and reviewing sustainability data at corporate level.
- Reviewed a selection of management documentation and reporting tools including templates, guidance documents and databases.
- Undertook four visits to key locations to examine the systems and processes in place for collecting and reporting sustainability data against the reporting definitions and guidance prepared by MOL, and to test the accuracy of a sample of reported data at a site level. The following sites were visited:
- Slovnaft Bratislava Refinery, Slovakia/Bratislava (HSEHealth, Safety and Environment2 and HR indicators)
- INA Rijeka Refinery, Croatia/Rijeka (HSEHealth, Safety and Environment indicators)
- Molve UpstreamExploration and Production Segment. site, Croatia/Molve (HSEHealth, Safety and Environment indicators)
- INA headquarter, Croatia/Zagreb (HR indicators)
- Reviewed and challenged the sustainability data validation and collation processes at corporate reporting level and tested the completeness of coverage of reporting units. Our procedures included following the sample of sustainability data collected at each sites visited through to the Group reported performance data, and reviewing the processes applied by MOL management for corporate level review and challenge of the sustainability data.
- Reviewed the Sustainability Report for the appropriate presentation of the data including the discussion of limitations and assumptions relating to the data presented.
- Reviewed whether MOL’s reporting has applied the GRI G3 Guidelines to a level consistent with the A+ application level.
Level of assurance
Limitations of our review
- Our scope of work was limited to the sustainability performance data included in the Sustainability Report.
- We did not undertake a comprehensive review of all sustainability data reported to corporate by each of the sites we visited, but examined selected data sources and reviewed the processes for reporting data to corporate.
- Our review of sustainability data processes at an operational level was limited to the four sites we visited.
- We have not sought evidence to support the statements and claims presented within the Sustainability Report. We have not reviewed historical data, or trends described in the Sustainability Report that relate to sustainability performance data.
Based on our review:
- We are not aware of any material reporting units which have been excluded from the scope of the sustainability data, with the exception of those reporting units disclosed within the Sustainability Report.
- Nothing has come to our attention that causes us to believe that the sustainability data has not been properly collated from the information reported by sites.
- We are not aware of any errors that would materially affect the reported sustainability data.
- Based on our review, including consideration of the Sustainability Report, MOL’s Sustainable Development Web content and elements of the MOL Annual Report 2011, nothing has come to our attention that causes us to believe that MOL management’s assertion that their sustainability reporting meets the requirements of the GRI A+ application level of the Guidelines is not fairly stated.
OUR ASSURANCE TEAM
MOL Group at a glance
Historical summary of financial information
Key group operating data
Management Discussion and Analysis
Integrated Risk Management Function
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