Shape tomorrow

At MOL Group, we have a vision. We strive for a smart energy transition delivering solutions for tomorrow: we are making our region more sustainable, more self-sufficient and more competitive.

MOL Group was one of the first to recognize the need for coordinated industrial development and sustainability objectives to ensure the region's competitiveness. We need to simultaneously strengthen the supply security and accelerate the green energy transition.

We have updated our long-term strategy to adapt effectively to changes in the external environment and support the EU's climate strategy. Our capacity, will and expertise allow the company to move in new directions while our ambition has not changed: we remain deeply committed to transforming our traditional fossil-fuel-based operations into a low-carbon, sustainable business model.

We will:

  • sharpen our focus to make the best decisions for both our shareholders and the communities where we operate,
  • further increase efficiency and internal performance,
  • and strengthen our determination to seek new opportunities, especially in the area of green transition

MOL has set out to spend USD 4+bn organic CAPEX on low-carbon and sustainable business projects until 2030. Our ambition is to become a highly efficient company, providing sustainable materials for the economy, low carbon fuels for mobility and convenient products and services for the people on the move. We will be a leading player in the circular economy in Central and Eastern Europe, delivering solutions that shape tomorrow.


As the green energy transition is accelerating, climate related targets and regulations are getting more ambitious, thus the importance of ESG topics is elevating for the whole society. This is why MOL Group advocates for a smart transition that not only fosters sustainability but also ensures Europe's economic prosperity.

Central Europe is not just the place where we operate, it is the region we call home. We are here to stay, striving to strengthen the region's security of supply, industrial competitiveness and energy sovereignty. In order to achieve these goals, we are becoming sustainable on every level: in our production, operations, and as a community of excellent professionals.

Sustainability focus areas:

Climate change related targets:

  • Reach carbon neutrality by 2050 across all Scopes (Scope 1, 2 and 3)
  • Reduce Group-level absolute Scope 1 and 2 GHG emissions by 25% by 2030 (from a 2019 base)
  • Low-carbon CAPEX in the range of 30-40% of total CAPEX in the period of 2025-2030

Other sustainability targets by 2030:

  • Have zero work-related fatality
  • Achieve a TRIR below 1.1 (for “core” MOL Group activities)
  • Have zero API Tier 1 process safety events with explosion or environmental spill intermitting operations
  • Reach 100% completion rate in the annual ethics training
  • Increase women participation at all levels, to 30% in managerial positions by 2030
  • 50% of social investment on local communities
  • Focus on the Supplier engagement by Group Procurement: achieve 30% reduction of the Scope 3 emissions entailed by our non-hydrocarbon inbound supply chain (from 2019 base)


In the Downstream area, our strategy is centered on becoming a sustainable company providing materials for the economy and energy for mobility.
Alongside reducing the carbon footprint of our product portfolio, we will enhance the sustainability of industrial activities, and integrate circular economy technologies into the core business.

Our ambition is to:

  • Achieve USD 150mn p.a. efficiency improvement by 2025 to ensure MOL remains among the best refineries in Europe
  • Strengthen and sustain our market leadership position in Downstream in CEE with a focus on expanding market share in specialties:

    • Increase sales of added-value products & services
    • Diversify the portfolio with alternative fuels
  • Execute renewable fuel strategy with focus on biomethane and green hydrogen production
  • Integrate circular economy technologies to increase the contribution of bio- and waste streams to production
  • Invest $1 billion in waste integration, recycling and medium-scale chemical investments
  • Spend more than $1 billion on projects that enable energy efficiency, the scale-up of sustainable fuels and reduce the business's GHG emissions
  • Increase the use of renewable electricity
  • Further strengthen security of supply in the region with logistics investments


Through our integrated business model, which stands out as a unique approach in Europe, we address a crucial environmental challenge: waste management. Viewing waste as a valuable resource and energy source, we fortify our value chain and initiate the circular economy in the region.

We optimise the waste collection, transportation and treatment system and make necessary investments to comply with ambitious recycling and landfill targets of the EU and to provide a consistent supply of waste feedstock to the industry, including our downstream operations.

  • Waste management business could potentially provide 1.5 million tons of feedstock per annum to the regional oil, chemical and energy sector from 2030.
  • Create a new waste-to-energy plant of at least 100 kt capacity by 2028
  • Achieve targeted recycling rates: 65% by 2035
  • Achieve targeted landfilling rates: maximum 10% by 2035

Consumer Services

We aim to become the first choice of customers as a best-in-class digitally-driven consumer goods retailer and an integrated, complex mobility service provider by 2030 with significantly higher revenues, earnings and free cash flow.

Our ambition is to:

  • Reach USD 1 billion EBITDA by 2030
  • Increase Premium fuel penetration to 30% by 2030
  • Close to double convenience sales by 2025 and close to triple by 2030, compared to 2021
  • Further optimize current Retail organisational structure, processes and the operating model
  • Integrate advanced data analytics into our daily operations and business development
  • 10 million customers in MOL Move by 2030
  • Capture lost fossil fuel volumes in alternative fuels
  • Expand service offers in the car-as-a-service space (MOL Fleet Solution, MOL Limo) and increase margins by adding new services to fleet management along the value chain


We will continue to be a key cash generator to fund group-level transformation while we launch several low-carbon initiatives to increase sustainable revenue streams and to decrease our carbon footprint. We will build on our century-long knowledge and subsurface expertise, optimize our CEE operations. We aim to ensure energy supply security, actively manage and further diversify our international portfolio.

  • E&P to remain a key provider to fund group-level transformation:
    • Producing at least 90 mboepd of oil equivalent
    • Keep the unit direct production cost in the USD 6-8/boe range
    • Be self-funding and sustainable at 50 USD/bbl Brent crude oil price scenarios
  • E&P to contribute to MOL Group’s decarbonization strategy in 4 areas:
    • Geothermal exploration and production
    • Lithium production
    • Carbon Capture and Storage; Complying with methane emissions EU regulation
  • E&P to support energy supply security in the CEE region by optimization and smartly using synergies:
    • Enhance the cross-border cooperation between MOL and INA; Optimizing infrastructure
    • Energy efficiency improvement
    • Wells and operation costs optimization
  • E&P to strengthen its international portfolio:
    • By an active asset management to sustain and develop our diverse international portfolio
    • With the aim to provide the optimal resource and production level, offsetting natural production declines
    • Our aim is to establish strategic partnerships


People and culture are at the heart of our strategy: we need the most creative talent, the most skilled experts and the most committed people to achieve our goals.

Besides the quantitative targets included in the sustaibaility related target section, we also focus on:

  • strengthening our links with education and training
  • attracting, developing and retaining talent
  • training and skills development for our staff and managers
  • keep sustainable employee engagement above 75%


MOL Group plans a fully funded transition and stable shareholders remuneration, supported by a strong balance sheet.

  • Strive to generate sufficient cash-flows to cover transformation, while maintaining a safe and robust balance sheet
  • Dividends generally sized to ensure attractive yields to shareholders and to align with Group performance, liquidity, and financial outlook

Please see our Capital Markets Day presentation

Strategy Review Presentation 2024