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LW Bogdanka Publishes Integrated Report for 2014

In the end of May 2015, at the WallStreet Conference in w Karpacz, LW Bogdanka S.A. presented its Integrated Report for 2014, the first one developed as a marketing document.

LW Bogdanka has been preparing and publishing its marketing annual reports in the financial area for several years. It has also prepared two annual non-financial reports so far.  This year’s publication is a second report prepared by LW Bogdanka in accordance with the Global Reporting Initiative (GRI) guidelines. The key difference versus the previous report, published last year, is that the current publication is no longer limited to non-financial reporting, but it constitutes an integrated report, combining both financial and non-financial performance. As the previous report, the current report is prepared ‘in accordance’ with GRI G4 in ‘core’ option, but, in addition, using the International Integrated Reporting (“IR”) Framework. The report also presents 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 management of innovation and environmental aspects.

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

We hope you will enjoy our Integrated Report for 2014 which you may download here