Annual Report 2019
We mine coal,
that is changing the world.
that is changing the world.
We mine coal,
that is changing the world.
that is changing the world.
02 Letter from the President of the Management Board JSW
I am pleased to present to you JSW Group’s second integrated report, which showcases our activities in 2019.
The report contains the most significant information on the effects of managing our enterprise in areas that are of the most interest to our stakeholders – activities related to improvements in occupational safety, social, environmental, employee and management areas as well as development and innovations.
WŁODZIMIERZ HEREŹNIAK
President of the Management Board, JSW
8671,8
mln PLNRevenue from sales
1939,5
mln PLNEBITDA
649,6
mln PLNNet result
Revenue from sales
EBITDA
Despite the economic slowdown that the entire commodity industry is struggling with, the Group's financial results remained stable.
The Group generated a positive financial result of PLN 649.6 million and achieved a consolidated profit in the form of EBITDA at PLN 1,939.5 million.
194,8
mln PLNExpenditures on environmental protection*
*including PLN 2.5 million within the Group
101,1
mln PLNRectification of mining damages
59,5
mln PLNInvestments in environmental protection
Expenditure on environmental protection amounted to PLN 194.8 million in JSW and PLN 223.2 million in the Group.
We continued environmental protection activities, taking into account the needs of local stakeholders and communities.
03 Relevant Data
8671,8
mln PLNRevenue from sales
1939,5
mln PLNEBITDA
649,6
mln PLNNet result
Revenue from sales
EBITDA
Despite the economic slowdown that the entire commodity industry is struggling with, the Group's financial results remained stable.
The Group generated a positive financial result of PLN 649.6 million and achieved a consolidated profit in the form of EBITDA at PLN 1,939.5 million.
194,8
mln PLNExpenditures on environmental protection*
101,1
mln PLNRectification of mining damages
59,5
mln PLNInvestments in environmental protection
*including PLN 2.5 million within the Group
Expenditure on environmental protection amounted to PLN 194.8 million in JSW and PLN 223.2 million in the Group.
We continued environmental protection activities, taking into account the needs of local stakeholders and communities.
04 Innovativeness
05 Value creation model
How we create value
Taking into account the needs and expectations of our stakeholders and our drive to adapt to the best international standards and practices, Jastrzębska Spółka Węglowa is for the second time publishing its results in an integrated format.
We would like to present to our entire audience a description of our business that goes beyond operating and financial indicators. We are certain that framing the Company in a multi-dimensional context that encompasses a wide set of non-financial data will help you to gain a better understanding of the business decisions taken in 2019, our business model and our perspectives for the future.
06 CSR
CSR
... needs and expectations of our customers
We operate on a competitive market, where global players are present. We outperform by being flexible, adapting product parameter to customer needs and having a long history of work and reliability.
We base our development on good, long-term and trust-based relations with customers, using all of our key strengths, including raw material quality, being strategically located at the heart of the European steelmaking industry and having access to transport infrastructure - mainly rail.
...use of innovative solutions
Believing in the potential and future of coal, we create conditions to develop innovations in the production and use of this commodity. We use our own resources, i.e. the know-how of the Group's employees, and we cooperate with external entities - mainly scientific institutions and mining-related companies.
Our systemic approach to R+D is reflected in the formation of JSW Innowacje and our engagement in promising development directions, such as the acquisition of hydrogen from coke oven gas.
... life and health
Thanks to systemic solutions in the domain of occupational health and safety, we are achieving success in limiting the number of accidents and eliminating work-related diseases in mining. This is possible thanks to education, health prevention, an extensive training system as well as investments and innovations focused on production automation.
Mining activities are associated with harmful factors and threats to the life and health of our employees. We prioritise their safety over the level of output or financial results.
... people and our community
JSW Group has had a Code of Ethics since 2018. This is a roadmap for us to build a consistent organisational culture that effectively addresses issues such as: respecting our companies' property, third-party property, mutual respect and eliminating any instances of discrimination, harassment and violations of employee rights.
One of the first steps implementing the Code was to organize human resource management structures and implement transparent recruitment rules.
... non-renewable resources
We are aware of the fact that the natural resources we use are finite and non-renewable.
We have to respect them and use them rationally, eliminating imperfections in management and developing and implementing new technological solutions.
... transparency and honesty in management
We apply the highest standards and good practices in transparency and corporate governance. We implement solutions related to ethics management an responsibility in managing the supply chain.
This enhances our credibility among business partners and investors. As a company listed on the Warsaw Stock Exchange, we introduce the highest standards in reporting, including financial and non-financial reporting.
... natural environment and local communities
Our objective is to link the maximisation of the economic use of natural resources and reduction of the adverse impact of mining and coking activities on the environment and local communities.
We are improving the mining damage rectification system, we are implementing ambitious projects in post-mining land reclamation and development, we are protecting surface waters and we are implementing innovations that reduce emissions through the commercial use of methane and coke oven gas.
