The Supplier Engagement Rating (SER) evaluates how effectively a company is working with its suppliers on climate change issues. Companies are assigned a score based on the Supplier Engagement Rating (SER) in addition to the score on the CDP Climate Change Questionnaire. The top 8% of companies evaluated are selected as Supplier Engagement Leaders.
The MOL Group’s target is to achieve net zero greenhouse gas(GHG) emissions by 2050 in the “MOL Group Environmental Vision 2.1,” announced in June 2021. While working with various stakeholders, the group will promote decarbonization throughout the supply chain, including proactive use of LNG fuel, initiatives to introduce zero-emission fuels, use of wind force including the Wind Challenger (a hard sail wind power propulsion system), and reduction of fuel consumption by boosting operating efficiency.
The group identifies “Sustainability Issues (materiality)” as social issues that should be addressed as a priority through its business activities, and carries forward initiatives to resolve issues in each field of ESG based on the “MOL Sustainability Plan.”
Based on the MOL Group Corporate Mission “From the blue oceans, we sustain people’s lives and ensure a prosperous future,” the group will continue to accelerate these initiatives to enhance its social and economic value, aiming to be a strong and resilient corporate group that grows on a global scale.