Prudent management and expansion of the financial capital allows us to invest in the LOTOS Group’s non-financial resources, which generate further profits over time. For years now, we have been consistently investing in improving oil production and refining processes, employee development and building a culture of innovation within the organisation, as well as creating innovative products. We are constantly working on solutions designed to reduce our environmental footprint. We also seek to make a positive social impact through our charitable and sponsorship initiatives.
9 626 075 l
Total consumption of crude oil
11 282 376 t
Total consumption of final products
28 906 273 MWh
Total consumption of energy
3 830 MJ/t
Energy efficiency ratio (WWWE2)
1 956 857 t CO2e
Total direct greenhouse gas emissions
0.214 Mg CO2e / Mg ropy
CO2 emission intensity ratio
8 066.9 Mg
Total weight of hazardous waste
10 624.9 Mg
Total weight of non-hazardous waste
As an organisation operating fuel and energy facilities, we are convinced that our business operations, if carried out responsibly, will do no harm to the environment.
Working in an energy-intensive industry, we focus on continuous improvements in energy efficiency. By consistently reducing primary energy consumption at our plants, we succeed in regularly reducing our GHG emissions, while contributing to improved security of the energy network in Poland.
We also pay a lot of attention to waste at our locations, striving to minimise its volumes. Nevertheless, some waste cannot be avoided if production is to be managed efficiently. At most of our locations, including the refinery in Gdańsk, we do not process waste. However, as we hand it over to third parties, we make sure they hold appropriate waste management permits and we give preference to companies which can guarantee that the waste collected from us will ultimately be recovered or recycled.
10 672 434 l
Total consumption of crude oil
11 183 428 t
Total consumption of final products
33 456 174 MWh
Total consumption of energy
4 044 MJ/t
Energy efficiency ratio (WWWE2)
2 027 970 t CO2e
Total direct greenhouse gas emissions
0.205 Mg CO2e / Mg ropy
CO2 emission intensity ratio
6 363.7 Mg
Total weight of hazardous waste
10 308.5 Mg
Total weight of non-hazardous waste
10.8 million tonnes
Crude oil throughput of the refinery
86
Number of markets served
495
Number of service stations
20
Number of Motorway Service Areas
31.4%
Share in the domestic fuel market
20.4 thousand boe/d
Production volume
Grupa LOTOS owns one of Europe’s newest and most innovative refineries. Nevertheless, we continue to invest in increasingly efficient crude oil processing (the EFRA Project), while expanding and adjusting our product portfolio to the prevailing market situation.
In line with our strategy, we grow and standardise our service station chain to ensure a uniform visual identity (both externally and internally) and to optimise customer experience. Key efforts to improve the retail chain’s service quality include staff training programmes, sales and incentive competitions for service station staff, development of loyalty schemes and enhancement of the business offering, including through cooperation with large forwarding companies.
In parallel, we develop our oil production operations. The growth in production recorded in 2019 was attributable to the bringing onstream of the new Utgard field in Norway in view of the gradual depletion of producing fields. We also continue to analyse options for acquiring new production assets.
10.7 million tonnes
Crude oil throughput of the refinery
86
Number of markets served
506
Number of service stations
20
Number of Motorway Service Areas
32.6%
Share in the domestic fuel market
20.7 thousand boe/d
Production volume
PLN 30.121bn
Total revenue
PLN 4.502bn
Consolidated profit
PLN 2.98bn
Operating profit
PLN 12.03bn
Equity
250
Number of measures identified under the Efficiency Improvement Programme
PLN 443.2m
Capital expenditure in the refining and marketing segment
PLN 560.8m
Capital expenditure in the exploration and production segment
In 2019, the macroeconomic environment for refining operations was more demanding than in 2018 and relative to the strategic projections assumed by the Company. The significant decline in natural gas and crude oil prices had an adverse effect on the exploration and production segment’s performance.
The Group’s overall performance was boosted by the Efficiency Improvement Programme, designed to support the identification and reporting of efficiency-improvement measures at the Group. The largest efficiency gains were achieved in Refining, Energy, Transport and Logistics.
The Group constantly invests in growth. The Management Board plans to carry out its capex plans for 2020 based on a mix of internally generated and borrowed funds. In 2019, the net debt/LIFO-based EBITDA ratio was 1.0x, well below the target level set in the strategy, allowing the Company to safely pursue its investment plans, including equity investments.
29.493 mld PLN
Total revenue
3.844 mld PLN
Consolidated profit
1.97 mld PLN
Operating profit
12.71 mld PLN
Equity
288
Number of measures identified under the Efficiency Improvement Programme
395.2 mln PLN
Capital expenditure in the refining and marketing segment
629.5 mln PLN
Capital expenditure in the exploration and production segment
5 045
Total workforce
14% (women); 13% (men)
Percentage of new hires at the Group
21 godzin
Average number of training hours per employee
9.25
Accident frequency rate
54.07
Accident severity rate
32
Number of process safety incidents
PLN 170.4m
Employee benefits expense
Growth in the Group’s workforce was driven by a range of factors, including the need to staff the new Petro Giant platform (at LOTOS Petrobaltic), as well as the expanding operations of LOTOS Kolej, LOTOS Asfalt and LOTOS Paliwa.
The Company pursues the principles of diversity management and a policy of equal treatment with due respect for a diversified, multi-cultural society and with particular focus on equal treatment irrespective of gender, age, disability, health, race, nationality, ethnic origin, religion, religious denomination, irreligiousness, political beliefs, trade union membership, gender identity, family status, lifestyle etc.
Risks to the occupational safety of the LOTOS Group’s employees and contractors performing work on its premises are one of the key risk areas for the organisation. Building a culture of safety and effectively preventing occupational accidents is a priority objective for the management and employees of Grupa LOTOS S.A. To this end, an OHS training programme entitled ‘Know the golden rules of occupational safety for a LOTOS Group employee’ was launched on the e-learning platform. A new project was also launched to visualise occupational safety, involving information and motivation signs, infographics and floor markings.
5 368
Total workforce
16% (women); 14% (men)
Percentage of new hires at the Group
21 godzin
Average number of training hours per employee
7.93
Accident frequency rate
26.23
Accident severity rate
27
Number of process safety incidents
PLN 207.5m
Employee benefits expense
331
Number of hours dedicated to employee volunteering work
22
Number of sports sponsorship projects
17
Number of cultural sponsorship projects
14
Number of social and environmental sponsorship projects
130
Number of donations made by the LOTOS Foundation
PLN 6m
Amount of support provided by the LOTOS Foundation
The LOTOS Group considers corporate social responsibility as an element of its management and improvement processes. In the process of building lasting and positive relations with its stakeholders, Grupa LOTOS strives to effectively integrate its strategy and take steps designed to face social and environmental challenges.
The LOTOS Group supports social initiatives and projects. Our sponsorship activities focus on sports, culture and art, as well as social and environmental initiatives carried out primarily in the counties and provinces where our plants are located, and in places where our marketing activities are run, including service stations. Employees are also keen to engage in the Group’s charitable activities, including various initiatives organised by the employer.
1 297
Number of hours dedicated to employee volunteering work
24
Number of sports sponsorship projects
32
Number of cultural sponsorship projects
11
Number of social and environmental sponsorship projects
125
Number of donations made by the LOTOS Foundation
PLN 8m
Amount of support provided by the LOTOS Foundation
32.1%
Percentage of employees aged 50+
103
Number of interns and trainees
At the LOTOS Group we appreciate experience that comes with age, which is why employees aged 50 or more provide support to new hires as part of induction processes (shadowing and mentoring meetings), such relationships bringing numerous advantages and benefits to both parties.
LOTOS continues to improve its placement offering for students. The ‘Start with LOTOS’ internship programme set up in 2017 has been certified and won the ‘Top Quality Internship’ title. Traineeship and internship opportunities offered by LOTOS help students improve their employability and give them a chance to work for an attractive employer. The number of trainees is based on current business needs. In addition to its proprietary programme, LOTOS has long participated as a partner in a number of internship initiatives, such as: ‘Work for Your Future’ (Wypracuj Przyszłość) organised by the City of Gdańsk, ‘Academy of Energy’ (Akademia Energii) of the Lesław A. Paga Foundation, ‘Go4Poland’ of the Warsaw Stock Exchange Foundation, and the ‘Summer Internship’ (Wakacyjny Staż).
As part of its strategy, the LOTOS Group seeks to become a leader in new generation fuels. To turn these plans into reality, in March 2019 the Group’s representatives signed documents to launch joint research and development activity with the Gdańsk University of Technology. The cooperation is to involve the development of prototypes of selected low-carbon transport and energy storage equipment. Grupa LOTOS also actively engages in promoting the use of hydrogen. On its initiative, the Hydrogen Technologies and Clean Energy Technologies Cluster was established, with a mission to initiate efforts aimed at increasing the role of hydrogen technologies.
Forging ties between science and business, Grupa LOTOS S.A. commenced work under the ‘Structural enhancement of bitumen road surfaces through the use of modified bitumens’ research programme in partnership with Budimex, Orlen Asfalt, the Gdańsk University of Technology, the Warsaw University of Technology and the Road and Bridge Research Institute. The subsidiary LOTOS Asfalt undertook an initiative to develop innovative technologies for the production of innovative and environmentally-friendly bitumens.
28.6%
Percentage of employees aged 50+
98
Number of interns and trainees
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