With the introduction of new MOL Group and HSE Governance principles and structure, former HSE policies, applied to stand-alone companies, and some of their key elements, became redundant, and needed to be updated.
Relevant changes, as well as the goal of improving our HSE performance, required the development and communication of a new MOL Group HSE Policy. After a detailed policy-making process, including meetings of experts and a comprehensive workshop, the final wording of MOL Group HSE Policy was reviewed and approved by MOL Group top management.
The new policy represents the highest MOL Group-level commitment to effective Health, Safety and Environment management, and applies to all Business Units and controlled subsidiaries as a basis for setting their own HSE objectives, strategies and actions programmes.
The policy clearly states our recognition of the advantages of Sustainable Development by focusing on safe and healthy working conditions, a clean environment, and by applying the precautionary approach to all areas of activity.
MOL Group HSE Day, in March 2005, was the starting point of the process of promoting and communicating the new policy. The policy is implemented gradually, by breaking down long-term goals (strategic goals and actions) into annual HSE objectives and strategies at MOL Group and lower levels, to ensure that individual Unit efforts are in line with MOL Group principles.
Major HSE projects contributes substantially to the implementation of the HSE Policy. Efforts made to comply with the Major Industrial Accidents Prevention Act, within the Seveso project, help mitigate risk, and reduce the consequences of accidents. The Safe Workplaces Project develops TVK manager and employee attitudes and skills concerning safety issues. These projects reflect our determination to improve overall safe working conditions for all, and to reduce HSE risks arising from our technology, operations and products, to reasonably acceptable levels.
A key objective of the HSE-INFO system project is to establish an efficient data management process that permits effective decision-making, improvements in HSE cost control and communication, and achievement of successful HSE tasks fulfilment, in an integrated manner. In addition, the system underpins more accurate, open, and regular communications and reporting to external stakeholders, reflecting our commitment to multi-stakeholder dialogue.
We shall strive, moreover, for the optimal implementation of a structured Sustainable Development management concept, involving all relevant Units under the umbrella of a top MOL Group-level body, dedicated to SD issues.