Annual Report 2021
We mine coal,
that changes the world
that changes the world
We mine coal,
that changes the world
that changes the world
02 Letter from the President of the JSW Management Board
I am pleased to present to you JSW Group’s fourth integrated report, which showcases our activities in 2021.
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 and summarizes the results achieved by the Group in 2021.
Tomasz Cudny
President of the JSW Management Board
10 629,1
PLNmRevenue from sales
2 482,5
PLNmEBITDA
952,6
PLNmNet profit
Revenue from sales
EBITDA
In 2021 the Jastrzębska Spółka Węglowa Group generated a net profit of PLN 953 million.
Its consistent and effective trading policy supported by higher coking coal and coke prices, output stabilization and efficiency gains enabled the Company to generate very robust financial results.
227,2
PLNmExpenditures on environmental protection
102,2
PLNmRectification of mining damages
88,3
PLNmInvestments in environmental protection
Expenditure on environmental protection amounted to PLN 227.2 million in JSW and PLN 401.9 million in the Group. The Group continued its integrated environmental protection efforts, made in compliance with legal environmental conditions while taking into account the needs of local stakeholders and the local community.
03 Relevant data
10 629,1
PLNmRevenue from sales
2 482,5
PLNmEBITDA
952,6
PLNmNet profit
Revenue from sales [PLNm]
EBITDA [PLNm]
In 2021 the Jastrzębska Spółka Węglowa Group generated a net profit of PLN 953 million.
Its consistent and effective trading policy supported by higher coking coal and coke prices, output stabilization and efficiency gains enabled the Company to generate very robust financial results.
227,2
PLNmExpenditures on environmental protection
102,2
PLNmRectification of mining damages
88,3
PLNmInvestments in environmental protection
Expenditure on environmental protection amounted to PLN 227.2 million in JSW and PLN 401.9 million in the Group. The Group continued its integrated environmental protection efforts, made in compliance with legal environmental conditions while taking into account the needs of local stakeholders and the local community.
04 Innovation
05 Value creation model
How we create value
Bearing in mind the needs and expectations of our stakeholders, as well as adherence to the best international standards and practices, Jastrzębska Spółka Węglowa publishes its results in an integrated manner for the second time.
We want to present to our entire environment a description of activities that go beyond presenting operational or financial indicators. We are convinced that embedding the Company's situation in a multidimensional context, including a wide catalog of non-financial data, will allow you to better understand the business decisions made in 2019, our business model, as well as future prospects..
06 CSR
CSR
... the needs and expectations of our clients
We operate in a competitive market where global players are present. We win thanks to flexibility, adjusting product parameters to the needs of recipients and reliability verified by a long history of cooperation.
We base our development on good, long-term and trust-based relationships with customers, using all our strengths - raw material quality, strategic location in the heart of the European metallurgical industry and access to transport infrastructure - mainly railway.
... using innovative solutions
Believing in the potential and future of coal, we create conditions for the development of innovation in the production and use of this raw material. We rely on our own resources, i.e. the knowledge of the Group's employees, and on cooperation with external entities - primarily research institutions and enterprises from the mining environment.
The systematic approach to R&D is evidenced by the establishment of JSW Innowacje and our commitment to prospective development directions, such as obtaining hydrogen from coke oven gas.
... life and health
Thanks to system solutions in the field of occupational health and safety management, we are successful in reducing the number of accidents and eliminating diseases related to the profession of a miner. It is possible thanks to education, health prophylaxis, an extensive training system as well as investments and innovations focused on production automation.
Mining activities involve harmful factors and risks that threaten the health and life of our employees. We place their safety higher than the level of extraction or the economic result.
... man and our community
A Code of Ethics has been in force at the JSW Group since 2018.
It is a signpost on the path of building a uniform organizational culture, effectively regulating issues such as: respect for the property of companies, property of third parties, mutual respect and the elimination of all forms of discrimination, mobbing and violation of employee rights.
... non-renewable resources
We are aware that the natural resources we use are exhaustible and non-renewable.
We must respect them and use them rationally, eliminating imperfections in management and developing and implementing new technological solutions.
... transparency and honesty in management
We adhere to the highest standards and good practices in the field of transparency and corporate governance. We implement solutions related to ethics management and responsibility in supply chain management.
This contributes to the growth of our credibility among business partners and investors. As a company listed on the Stock Exchange, we introduce the highest reporting standards, including financial and non-financial reporting.
... the natural environment and local communities
Our goal is to reconcile the maximization of the economic efficiency of the use of natural resources with the reduction of the negative impact of mining and coking activities on the environment and local communities.
We improve the mining damage settlement system, implement ambitious projects in the field of reclamation and development of post-mining areas, protect surface waters and implement innovations limiting emissions through the commercial management of methane and coke oven gas.
