Risk management and compliance

Taking into account the Corporate Strategy, we declare that we will make all efforts to:

maintain a strong and stable position in the industry through continuous improvement of the organization in all areas, while satisfying the needs and requirements of the current and future clients
develop close and mutually beneficial relations with customers, suppliers and other relevant stakeholders not only in the area of production quality, but also in the area of the environmental protection and OHS
ensure full compliance of operations with the applicable standards, legal and other requirements
prevent pollution by minimizing negative environmental impacts, with the aim of improving the environmental effects of its activities, eliminating threats and mitigating risks to occupational health and safety
continuously improve the condition of occupational health and safety in order to prevent work-related injuries and health problems
ensure the possibility of engaging the individuals working under the company’s supervision or their representatives in the maintenance and improvement of the management system by providing solutions for consultation and collaboration in these OHS-related topics

The coordination of and oversight over the effective implementation of the Policy will be conducted as part of the Integrated Quality, Environmental and OHS Management System conforming to the requirements of the standards that form the foundation of the system: ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018.

The scope of the Integrated Management System covers the requirements of the PN-EN ISO 9001:2015-10*, PN-EN ISO 14001:2015-09, PN-EN ISO 45001:2018-06 standards as part of the activities related to mining, production and sale of commercial coal (i.e. chestnut coal, pea coal and fine coal).

In addition, the Integrated Management System covers the head office of Lubelski Węgiel BOGDANKA Spółka Akcyjna in Bogdanka and the mining area: Puchaczów V, Stręczyn and Ludwin, divided into three mining fields: Bogdanka, Stefanów and Nadrybie.

The Integrated Management System Policy has been developed together with the representatives of the Company’s employees and top management. It is known to the management personnel and the entire staff and has been made available to all interested parties.

Integrated Management System Policy DOWNLOAD

* the requirements of the PN-EN ISO 9001:2015-10 standard, contained in section 8.5.1 f), do not apply to the processes implemented at LW Bogdanka SA.

Policy for an Integrated OHS, Quality and Environmental Management System

Our overriding values in our business are: responsibility, ethics, professionalism and transparency. These values ensure the harmonious development of the Company, pursuing its business goals with the highest standards and a proactive attitude related to environmental performance, occupational safety and community relations.

With this document, we accept the commitment to maintaining the highest quality standards for all the products we produce and manufacture. Given the special nature of the Company's operations, we are also mindful of protecting the environment and reducing undesirable environmental impacts, as well as ensuring and prioritizing the occupational safety of our employees and those who work for or on behalf of the Company.

The implementation of the above declarations is guaranteed by the attention of the top management to ensure the resources, including the means, necessary to improve the competence and motivation of all of the Company’s employees.

We identify, control and minimize potential risks to our business.

The company has implemented Enea Group's Integrated Enterprise Risk Management System which supports taking decisions that maximize profits at an acceptable risk level. The Supervisory Board, the Management Board, the Audit Committee, as well as the Risk Management Department and risk owners, i.e. managers of organizational units, are involved in the implementation of the risk management system.

The Integrated Enterprise Risk Management System operates on the basis of:

Enea Group's enterprise risk management policy
Enea Group’s enterprise risk management methodology – ERM procedures
LW Bogdanka Group’s risk register
LW Bogdanka Group's risk map
list of key and material risks of the LW Bogdanka Group
programs of actions to minimize the key risks in the Parent Company

ESTABLISHED ENVIRONMENT

The Group's risk management system covers all areas of the company's operations

Objectives and tasks

The system is aimed at identifying potential threats as well as opportunities for the company

Risk identification

Risk identification is carried out by the risk owners (persons who perform managerial functions in the organization)

RISK ANALYSIS

Risks are measured on established scales of probability and the highest assigned potential effect of materialization in four areas

RISK ESTIMATION

Risks that have received an aggregate rating in excess of a certain value are considered critical and key risks – material to the Group's operations

DEALING WITH RISKS

For key and critical risks, actions/programs approved by the Management Board are established to minimize them and limit the possible effects of their materialization

Compliance

All operations undertaken by the company comply with the law and our internal regulations. Compliance management at the company covers three areas – compliance of operations with generally applicable laws, compliance with the company's internal acts, and compliance with ethical standards. The Compliance Policy Department monitors ongoing compliance with the law and responds promptly if irregularities arise. In addition, since 2020, the company has had a Compliance Policy in place.

Best practice

Department via e-mail, telephone or the website www.lw.com.pl (compliance tab). The company received no requests for advice on compliance issues in 2021.

The key compliance documents at LW Bogdanka are: Articles of Association, Management Board Bylaws, Supervisory Board Bylaws, Shareholder Meeting Bylaws, Organizational Bylaws, Work Rules and Regulations, Company Collective Bargaining Agreement, LWB Code of Ethics, Whistleblowing Policy, Compliance Policy.