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Lubelski Węgiel
Lubelski Węgiel Bogdanka S.A.

In the end of May 2015, LW Bogdanka S.A. presented its Integrated Report for 2014, the first report that gives a comprehensive view of our company.

For a few years, LW Bogdanka has been preparing and publishing marketing annual reports that cover its financial performance and for two years also non-financial reports. This year’s report is the second publication prepared by LW Bogdanka in accordance with guidelines provided by the Global Reporting Initiative (GRI). The key difference as compared to the report published in the previous year is a change of its nature – it is not just a non-financial report any longer, it is an integrated report that combines both financial and non-financial presentation. As in the previous year, the report has been prepared ‘in accordance’ with GRI G4 guidelines in the ‘core’ option, but also, using the International Integrated Reporting (“IR”) Framework.

The report also takes into account indicators specific for the mining sector, which are described in the relevant sector supplement. It is worth noting here that the previous report received two awards in the end of 2014, in the Social Reports 2014 contest organised by the Responsible Business Forum, PwC and SGS Polska. The experts considered it the best debut among social responsibility reports in 2014 and, in addition, it was awarded by the Ministry of Economy for the demonstration of understanding of the CSR concept in particular initiatives in the mining sector, for the lucid presentation of the reporting entity’s role in supply chain and for the valuable descriptions of innovation management and environmental aspects.

The reliability of this report and its compliance with the Guidelines was monitored by a third party expert who supported its preparation; however the report was not subjected to external verification.
The report covers our entire group of companies as it is consolidated in the financial statements. Therefore, it includes the parent, i.e. LW Bogdanka S.A., its subsidiary Łęczyńska Energetyka Sp. z o.o., and three smaller companies (RG Bogdanka sp. z o.o., EkoTrans sp. z o.o. and MR Bogdanka sp. z o.o.), of which one (MR Bogdanka) was established in 2014. However, as the three smaller companies exert rather an insignificant impact on the financial, social and environmental situation of the Group their description in this document is narrowed to certain aspects. This approach follows the concept of the GRI Guidelines, which recommend that only material aspects should be reported.

You may download our Integrated Report for 2014 here. Enjoy the reading.

© LW „Bogdanka” S.A. - 2022
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