Vision and Values

Our main objectives and clear guiding core values form the basis of MOL governance and operations. As essential parts of MOL’s culture, an ethical mindset, clear values and the highest standards of corporate behaviour have been developed to enable the company to strive for sustainability, effectively.

Our position taken

For MOL Group, sustainable development means a corporate commitment to the balanced integration of economic, environmental and social factors into our everyday business operations to maximise long-term stakeholder value and to safeguard our "licence to operate".

Our core values in SD

• Based on the interdisciplinary approach, we strive to integrate and balance between economic, environmental and social considerations in our decision-making and everyday operations management.
• We strive to maximise improvement and follow the precautionary principle in environmental and social issues so that any negative impact arising from our operation is kept to the minimum.
•  We assume full responsibility for our actions at every level and follow our commitment to ensure equal opportunities for present and future generations.
• We employ the multi-stakeholder approach and long-term thinking in our operations and in decision-making processes.
• We pioneer in developing and implementing innovative solutions to support the development of sustainable operation.
• We undertake the responsibility to continuously increase the awareness of our employees and other stakeholders with regards to sustainable development.

We want to achieve this by

• translating global challenges into local solutions
• incorporating sustainable development principles and best practices into our business strategy and processes as well as into our corporate culture using a systemic approach
• adopting a proactive approach to managing risk and to grasping opportunities
• analysing available solutions and selecting those that best establish an optimum balance between environmental, social and economic factors
• increasing stakeholder involvement and enhancing transparency