MOL Magyar Olajes Gazipari Nyrt
MOL is a publicly listed integrated oil and gas company headquartered in Hungary. In 2019, it had USD 6.86 billion in revenue and a reported 8,000 employees*. MOL is a multinational company operating in Central and Eastern Europe. Although it is developing several low-carbon business activities, it needs to do more to increase its transparency and reduce emissions.
- Ranking position
- #17 /100
- Total score
- 20.2 /100
- Performance score
- 2.5 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practices
No leading practices were identified for this company.
Risks and opportunities
Trend
MOL receives a trend score of =. If the company were reassessed in the future, its score would likely remain the same. The company’s scope 1 and 2 emissions intensity have decreased between 2014 and 2019 but are still not aligned with its 1.5°C pathway. Further, the company lacks a scope 3 emissions reduction target. MOL’s expansion of projects in biofuels, renewable electricity and alternative mobility, substantiated by disclosure on the profitability and deployment schedules for these business activities, is likely to improve its alignment with its 1.5°C pathway.
Progress towards the Paris Agreement
See results for
More about the company
- Headquarters
- Budapest, Hungary
- Group revenue
- (2019) HUF 2,018,192,000,000 (USD 6.86 billion)
- Ownership structure
- Publicly listed
- Number of employees
- 8,000
- Scope of activity
- Fully integrated
- Website
- https://mol.hu/en/