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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
Performance module name Performance module score Rank (0-100)

Targets

0.0 /100 #38

Material Investment

17.5 /100 #10

Intangible Investment

2.7 /100 #14

Sold products

4.3 /100 #39

Management

46.9 /100 #27

Supplier Engagement

0.0 /100 #57

Client Engagement

21.3 /100 #18

Policy Engagement

26.0 /100 #44

Business Model

5.0 /100 #37

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

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/