Consolidated non-financial statement

Data verification

All data contained in the statement was gathered in a reliable and responsible manner and certified by members of senior management staff of Grupa LOTOS and selected subsidiaries, who are responsible for the respective reporting areas.

The financial information is consistent with the data disclosed in the consolidated financial statements for the respective periods.

The content of the consolidated non-financial statement was not verified by an independent external certification body. It should be emphasised, however, that the bulk of the data for the previous financial year contained in this statement was subject to a review by auditors with Ernst&Young Audit Sp. z o.o.; who audited the LOTOS Group’s consolidated financial statements.

Grupa LOTOS has implemented the Integrated Management System which is certified for compliance with ISO 9001, ISO 14001, and PN-N-18001. In addition, the requirements of AQAP 2110 (Allied Quality Assurance Publication) and requirements of the Internal Control System for trading in strategic materials (consistent with the PN-N-19001 standard) are met.
In July 2010, the Integrated Management System recertification audit was successfully completed at the Company. The audit is designed to determine whether the management system is compliant with the ISO 9001, ISO 14001, and PN-N-18001 standards. The recertification audit is performed every three years. Both recertification and surveillance audits (carried out annually) are performed by an independent external certification body.

Moreover, internal audits are carried out at the LOTOS Group which aim to monitor the progress achieved in the implementation of the Integrated Management System requirements, as well as the efficiency of related processes. For more information on the audits of the Integrated Management System, see subsection Management systems.

Acting in line with the adopted principles of transparent communication with stakeholders, Grupa LOTOS has its CSR performance regularly reviewed by external experts: it participates in professional surveys which serve to compare the achievements of socially responsible companies. A major accomplishment in this area in 2010 was the participation in:

  • 2010 Responsible Company Ranking – compiled by Business Ethics Centre of the Kozminski University and Responsible Business Forum. Grupa LOTOS’ performance and achievements on which the ranking was based were reviewed by PricewaterhouseCoopers, the project partner;
  • RESPECT Rating – providing the basis for selecting companies eligible for the Warsaw Stock Exchange’s RESPECT Index. The CSR activities undertaken by Grupa LOTOS were reviewed by the accounting firm Deloitte during the selection process.

In both cases, auditors verified information furnished by the Company by holding interviews with its representatives and by analysing the provided documents.

Management systems

The management approach in Grupa LOTOS assumes continuous improvement of the organisation. In 2010, the Company initiated its periodical...

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