MOL is the winner of this year's Deloitte Green Frog Award
The best reports of Central Europe were awarded at the sustainability conference
Budapest, 22 November 2011 – A total of 30 applications from countries of the region were competing to win Deloitte’s renewed Green Frog Award. From this year on, sustainability is in the focus of the award. The reports show serious improvement on former years in terms of both content and form.
Róbert Reiniger, director of Deloitte's Environmental Consulting service line commented: “According to the evaluation of the judges, MOL Nyrt. is the winner of Deloitte's Central European Sustainability Report Award 2011, also known by its popular name, the Deloitte Green Frog Award. The oil company's integrated report (combining sustainability and business strategy considerations in a single document) stood out with the high level of planning and data accuracy. Furthermore, MOL's group level report gives high-quality summary of the performance of the individual subsidiaries (which are large companies themselves).
On the picture (from left to right): György Mosonyi,Mol, Chairman of Supervisory Board; Balázs Ablonczy, SAP CEO, Hungary and Róbert Reiniger, Director, Deloitte Co. Ltd., Environmental Services
Since the establishment of the Green Frog Award ten years ago, corporate reporting practices have undergone various remarkable changes. To follow these changes the evaluation of reports is now based on a unified set of criteria irrespective of the document being a sustainability or an environmental report. Accordingly, from now on Deloitte announces only one winner.”
Gergely Jancsár, senior consultant of Deloitte's Environmental Consulting service line emphasised: “The reports have improved a lot in quality and accuracy compared to last year. Despite the fact that only English language reports are evaluated from this year on, a high number of applications (30) were received from the region. The concept of sustainability is still associated with environmental protection in the popular mind. This is why we should emphasise that even though several industries were represented with their reports it was predominantly the financial services industry which presented the impacts of their operation. Altogether six financial institutions (OTP, CIB, MKB, K&H, as well as ČSOB and Česká spořitelna from the Czech Republic) represented the industry with the best reports in the competition.
We are pleased to welcome new applicants this year and it is also an important achievement that a number of smaller enterprises in addition to large corporations had the ambition to display the integration of targeted planning and sustainability in their company policies.
According to the judges, there is still place for improvement in certain areas. Some applicants continue to ignore the significance of comparable reports within the same industry and most of them define only actual short-term goals, i.e. it is still uncommon to define a set of strategically planned goals. However, companies show significant improvement from the previous year in terms of the key assessment criteria of targeted planning and clarity. Every top company took these aspects fairly seriously” he added.
On the picture (from left to right): György Mosonyi,Mol, Chairman of Supervisory Board; Balázs Ablonczy, SAP CEO, Hungary and Róbert Reiniger, Director, Deloitte Co. Ltd., Environmental Services képen látható (balról jobbra): Balázs Ablonczy, SAP CEO, Hungary; Gábor Bojár, Graphisoft founder and Chairman of the Board; Róbert Reiniger, Director, Deloitte Co. Ltd., Environmental Services and Radován Jelasity, Erste Bank CEO, Hungary
For the first time in the history of the Green Frog Award we organized a conference on topics such as business and sustainability, sustainable lending, the significance of non-financial indicators, the role of IT for sustainability, as well as the future of corporate sustainability practices and directions of development. Speakers at the conference included Radován Jelasity, general manager of Erste Bank Hungary, Bojár Gábor, co-founder and board chair of Graphisoft, as well asSAP's CEO Ablonczy Balázs.
Any company registered in any of the Central European countries could apply for the Deloitte sustainability competition, irrespective of the business sector or the number of employees. When evaluating applications, the panel of experts this year assessed based on the report how important the principle of business sustainability was for the operation of the company and to what extent the report complied with the international GRI (Global Reporting Initative) requirements.
The judges also assessed the extent to which the sustainability performance was planned and whether the applicants were capable of presenting their objectives and achievements in a concise, quantifiable and verifiable manner, transparently and clearly for the public.
Introducing Deloitte's experts:
Róbert Reiniger, director
Leader of the Environmental Services business line
Róbert Reiniger the Director of Deloitte's environmental consulting business line, which is a pioneer on the Hungarian market, is the department's expert for the preparation and monitoring of the environmental aspects of large projects and the implementation of standalone environmental projects. Under his leadership Deloitte has recently prepared several hundred environmental impact assessments, due diligence projects, state assessments, performance evaluations, and remediation plans.
Róbert Reiniger specialises in the following areas:
Gergely Jancsár, senior consultant
Gergely Jancsár is a senior consultant of Deloitte's Environmental Consulting business line. He has broad experience in the verification of sustainability reports and the preparation of preliminary studies, environmental impact assessment documentation, integrated environmental permit documents and feasibility studies. He is an expert of the steel industry, the oil and gas industry, cement production and the utilisation of renewable energy sources.
Gergely Jancsár specialises in the following areas: