Concept and key functionalities

We present the ORLEN Group's annual report, prepared as an integrated report. This ninth Integrated Report is a key and comprehensive document describing the financial and non-financial activities of the ORLEN Group.

This Integrated Report is addressed to all ORLEN Group stakeholders, in particular the financial market participants, customers, subcontractors, suppliers, local communities, and employees.

Reporting period, frequency and contact point

This Integrated Report presents the activities carried out by the ORLEN Group in 2022. The previous report, for 2021, was published in July 2021. Our Integrated Reports are issued on an annual basis and are continuously evolving, to reflect changes within the ORLEN Group and in its environment.

There have been significant changes relative to the previous Report, resulting from the acquisition by ORLEN in 2022 of the following entities:

• on August 1st 2022 – the former LOTOS Group
• on November 2nd 2022 – the former PGNiG Group

The amounts and numbers presented in this Report are accompanied by comments stating whether they include or exclude data of the acquired entities.

Some aspects of the non-financial activities are presented using the examples of selected ORLEN Group companies whose business scope is of key significance to the Group.

Restatements of information

Restatements of information for 2021 were made with respect to certain energy-related disclosures.

EU Taxonomy regulations:

• Regulation (EU) 2020/852 of the European Parliament and of the Council of June 18th 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088 introduced the obligation for undertakings to disclose information on how and to what extent the undertaking’s activities qualify as environmentally sustainable.
• The technical screening criteria for determining whether a given economic activity qualifies as environmentally sustainable are set out in Commission Delegated Regulation (EU) 2021/2139 of June 4th 2021 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to climate change mitigation or climate change adaptation and for determining whether that economic activity causes no significant harm to any of the other environmental objectives, and in Commission Delegated Regulation (EU) 2022/1214 of March 9th 2022 amending Delegated Regulation (EU) 2021/2139 as regards economic activities in certain energy sectors and Delegated Regulation (EU) 2021/2178 as regards specific public disclosures for those economic activities.
• The disclosure obligations have been further specified in Commission Delegated Regulation (EU) 2021/2178 of July 6th 2021 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by specifying the content and presentation of information to be disclosed by undertakings subject to Articles 19a or 29a of Directive 2013/34/EU concerning environmentally sustainable economic activities, and specifying the methodology to comply with that disclosure obligation.
  • GRI Standards 2021, which also include sector-specific disclosures GRI 11: Oil and Gas Sector. It is the latest version of the standard for ESG and sustainability reporting, effective for reports or other materials published on or after January 1st 2023.
  • The scope of information contained in this Report takes into account the expectations resulting from international ESG ratings.
  • ORLEN also takes steps to comply with the non-mandatory recommendations of the European Commission (EC Communication 2019/C 209/01) and of the Task Force on Climate-related Financial Disclosures (TCFD) regarding information on climate issues.
  • This document presents activities supporting the delivery of the UN Sustainable Development Goals 2030.
  • The layout and contents of this publication are based on the recommendations and guidelines of the IFRS Foundation.

Preparation of this Report included the following stages:

1. A survey of the ORLEN Group internal and external stakeholders’ opinions on sustainable development and corporate social responsibility. was held at the beginning of 2023. The project involved, among other things, a revision of the reported aspects and the stakeholder map. Stakeholder consultations consisted in conducting a survey (online survey method) and individual interviews with representatives of the ORLEN Group key and important stakeholders. 
   The purpose was to probe stakeholders’ opinions on the ORLEN Group’s impact on sustainability and their expectations towards the organisation regarding ESG aspects, and to identify material environmental, social and governance topics that the Company should consider when planning its sustainable development agenda. The stakeholder survey fulfils the obligation of engaging stakeholders in the materiality assessment process according to the GRI Standards of reporting. The survey was carried out in accordance with the international AccountAbility Stakeholder Engagement Standard – AA1000SES, providing the rules for stakeholder relations management.
2. Confirmation of significant business and sustainability topics relevant to the ORLEN Group and ORLEN and their materiality, and confirmation of the stakeholder map through consultations and a survey held in the course of internal and external consultations at the beginning of 2023. 
3. Collection of data showing implementation of the policies, strategies and objectives of corporate social responsibility, as well as the due diligence procedures and risk management policies and how they are put into effect at the ORLEN Group and ORLEN. 
4. Compilation of this Report based on the data collected in accordance with Art. 49b and Art. 55.2b-e of the Accounting Act of September 29th 1994 (Dz. U. of 2021, item 217), the EU Taxonomy regulations and GRI Standards, with the incorporation of conclusions and expectations resulting from international ESG ratings, and reference to the recommendations of the Task Force on Climate-related Financial Disclosures.
5. Preparation of this Integrated Report based on the Directors’ Report on the operations of the ORLEN Group and ORLEN S.A in 2022, the Consolidated Financial Statements of the ORLEN Group for the year ended December 31st 2022, and the Non-Financial Statement of the ORLEN Group and ORLEN S.A. for 2022, all issued in April 2023. The documents are available at: https://www.orlen.pl/en/investor-relations/reports-and-publications/financial-results.
6. External assurance of this Report based on the ISAE 3000 standard.