MOL Group is now on a journey to transform the business. We have big ambitions and potential for growth, which we will achieve by combining scale , professionalism and know-how, with energy, innovation, and a willingness to look for different, better ways of working.

This integrated Annual Report is a summary of the performance of MOL Group in 2014. Integrated reporting in MOL Group means presenting the economic, social and environmental aspects of the value creation process in one comprehensive report. MOL Group is committed to transparency and considers integrated reporting to be the most efficient method for providing an overview of its performance to shareholders and to other interested stakeholders. Financial information is disclosed in this report in accordance with the International Financial Reporting Standards (IFRS).

Sustainability reporting meets the comprehensive requirements of the Global Reporting Initiative’s G4 sustainability reporting guidelines (including the Oil and Gas Sector Supplement). The scope and content is also prepared with consideration given to IPIECA’s Voluntary Guidance on Sustainability Reporting and the materiality assessment. In the materiality assessment, sustainability topics that are relevant for the oil and gas industry have been ranked and classified according to their importance relative to external and internal stakeholders. This report is MOL Group’s Communication on Progress according to the United Nations Global Compact.

The report presents historical information whenever it is necessary to put annual performance into context. The content of this annual report is also available in an electronic format on a microsite (www.molgroup.info/annualreport2014).

This annual report is prepared in both English and Hungarian. In the event of any discrepancies, the English version takes precedence. Further information and disclosures about MOL Group: www.molgroup.info