The parent Grupa LOTOS S.A. is a joint-stock company 53.19% owned by the State Treasury as the majority shareholder. The LOTOS Group’s 2019 Integrated Report has been prepared in accordance with the GRI Standards (Core option) and pursuant to the Polish Accounting Act (Art. 49b and Art. 55.2b-55.2e). A change relative to previous years consists in the application in this report of environmental reporting guidelines of the Task Force on Climate-related Financial Disclosures (TCFD). No restatements of previous reports have been made in this report. This report has not been subject to external assurance.
For the purposes of this report, a survey was carried out among more than 100 LOTOS Group stakeholders, the Group employees via the intranet, and the followers of Grupa LOTOS on Facebook. The survey was conducted by an independent consultancy firm Go Responsible between April 23rd and April 28th 2020. Participating in the online survey were representatives of the LOTOS Group Management, employees of the LOTOS Group across all companies and organisational units covered by reporting, and dozens of key external stakeholders of the LOTOS Group. In the survey, our stakeholders evaluated the materiality of the proposed topics from their own perspective and submitted their own proposals of issues which they believed should be addressed in the integrated report. Based on the findings, a process was carried out to identify and validate the material topics of this year’s report.