This integrated report contains a summary of the Grupa Azoty Group’s financial and non-financial performance for 2020.
This integrated report contains a summary of the Grupa Azoty Group’s financial and non-financial performance for 2020. It presents information on the Group’s value creation model. The document also includes a section on the Group’s response to risks arising from climate change, including its engagement in decarbonisation efforts. In preparing it, we relied on the latest guidelines of the Global Reporting Initiative (GRI Standards). Its content and layout are also based on relevant recommendations of the International Integrated Reporting Council (IIRC). The Grupa Azoty Group 2019 integrated report was published in December 2020.
Reports are prepared on an annual basis. This report presents data for 2020 and has been prepared in accordance with the Core option.
Report scope and boundary, applicable standards and guidelines
- Grupa Azoty S.A. of Tarnów (the parent);
- Grupa Azoty Zakłady Azotowe Kędzierzyn of Kędzierzyn-Koźle (Grupa Azoty Kędzierzyn; ZAK);
- Grupa Azoty Zakłady Azotowe Puławy of Puławy (Grupa Azoty Puławy);
- Grupa Azoty Zakłady Chemiczne Police of Police (Grupa Azoty Police).
In addition to the companies mentioned above, the consolidated financial statements include seven more entities (subsidiaries of Grupa Azoty S.A.): COMPO EXPERT Holding GmbH, Grupa Azoty ATT Polymers GmbH (Guben, Germany), Grupa Azoty Polskie Konsorcjum Chemiczne Sp. z o.o. (Tarnów), Grupa Azoty Koltar Sp. z o.o. (Tarnów), Grupa Azoty Kopalnie i Zakłady Chemiczne Siarki Siarkopol S.A. (Grzybów), Grupa Azoty Folie Sp. z o.o. w likwidacji (in liquidation) and Grupa Azoty Compounding Sp. z o.o.
The financial data in this report have been taken from the consolidated financial statements of Group companies.
In order to exercise utmost care, we have engaged Deloitte’s Sustainability Consulting Central Europe Team to assist in the preparation of this report. The report has been externally assured by KPMG.
Approximately 70 employees of the four key Group companies were involved in the data collection process.
The report scope and boundary, as well as methods of measurement, were not subject to any major changes compared with last year’s report.
Report drafting process
In line with the principle of materiality approach, individual items of non-financial information have been presented to the extent necessary to assess the Group’s development, performance and standing. In 2018, we conducted an anonymous survey among our employees and a dialogue session with the Group’s key external stakeholders, including social institutions, trading partners, farmers and public cultural centres. In 2019, we carried out additional surveys among stakeholders and performed an internal analysis of reports prepared by international rating agencies.
During the dialogue, aspects of low, medium and high relevance were identified. The aspects of low relevance, providing no measurable added value for the organisation and recipients of this report, were disregarded.
To prepare the 2020 report, we used the information from the dialogue session and surveys carried out as part of previous report drafting processes.
Material topics for the Grupa Azoty Group
|Key aspects||Important aspects|
|Innovation and challenges for the future||Growing the intellectual capital|
|Offering safe, premium quality products||Diversity and equal opportunity|
|Grupa Azoty Group's business results and market position||Engaging in joint projects with schools and universities, educational initiatives|
|Emissions management and energy efficiency|
|Ethics and anti-corruption|
|Efficient resource consumption, including water consumption management|
|Occupational health and safety|