Integrated Annual Report of LOTOS Capital Group 2016

Transparency and consistency in disclosure of non-financial data

[G4-17] [G4-23] [G4-28] [G4-29] [G4-30]

This Integrated Annual Report 2016 is the eighth integrated report of the LOTOS Group and describes the organization's business in the financial year 2016, which corresponds to the calendar year. The previous integrated annual report was released in early September 2016. This year's report is based on the Global Integrated Reporting Initiative's (IIRC) Sustainability Reporting Framework and Guidelines (GRI G4, core level), together with the Oil and Gas Sector Supplement. Currently, in accordance with the GRI G4 framework, we report the most significant topics (38 profile indicators, 41 subjects, including seven sector-specific indicators).

The 2016 Report covers the Grupa LOTOS and all its direct subsidiaries:

  • LOTOS Petrobaltic S.A.
  • LOTOS Oil Sp. z o.o.
  • LOTOS Asfalt Sp. z o.o.
  • LOTOS Serwis Sp. z o.o.
  • LOTOS Paliwa Sp. z o.o.
  • LOTOS LAB Sp. z o.o.
  • LOTOS Infrastruktura S.A.
  • LOTOS Terminale S.A.
  • LOTOS Kolej Sp. z o.o.
  • LOTOS Ochrona Sp. z o.o.
  • LOTOS Straż Sp. z o.o.

Additionally, the following indirect subsidiaries were included in the reporting of certain indicators because of their special role, nature of business and scale of environmental impacts:

  • AB LOTOS Geonafta
  • LOTOS Biopaliwa Sp. z o.o.
  • RCEkoenergia Sp. z o.o.
  • ENERGOBALTIC Sp. z o.o.
  • LOTOS Exploration and Production Norge AS.

However, the scope of reported data for LOTOS E&P Norge AS is limited compared to other companies because LOTOS E&P Norge is a licensee, so all environmental (and operational) matters are reported by the licence operators.

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